Mario

Started 2004 in Palm Oil Industry

[Mario @mariojohan]

@algo_research not a rumor, full announcement tomorrow by the president himself

[Eric Daugherty @EricLDaugh]

🚨 WOW! Secretary Bobby Kennedy just STUNNED the Left by creating the "EAT REAL FOOD" pyramid, he followed through 100% on the promise of MAHA

At the top: steak, chicken, vegetables and fruits

NOWHERE to be seen:
- Foods with added sugar
- Ultra-processed snacks and candy

🇺🇸🇺🇸

[Mario @mariojohan]

If there's not too much rain for the rest of the year, potentially we can have higher production of CPO in Malaysia.

[Mario @mariojohan]

Need some sense

[Euractiv @Euractiv]

EPP draft plan seeks to place anti-deforestation law on back-burner https://t.co/l6V8xkOWcz

[Mario @mariojohan]

@kannbwx it looks like speculation talk among traders and it was picked up by bloomberg.
And this site is also reporting it =
https://t.co/uGb7UlRBeA

[Mario @mariojohan]

@mahapurushmaynk so far no info that great yet around. Just that PKO won't go up so much anymore due to chocolate makers started to increase their selling price of their finished products. This shall curb demand for sure.

[Mario @mariojohan]

Cocoa butter is at around 3x higher price than Cocoa. Cocoa butter substitute is produced from Palm Kernel Stearin. Palm Kernel Stearin is produced from Palm Kernel Oil. And PKO is from CPKO. We might see RM350/picul soon. Or shall it test 400?

[David Ingles @DavidInglesTV]

Cocoa prices top $9k. Absolutely insane.

[Mario @mariojohan]

If the proposal goes through, there will be some econ changes. The more you produce CPO, the higher quantity of you subsidizing for making more DMO available.

[Mario @mariojohan]

From Indonesia side, they are proposing to peg the DMO (cheap olein local sales) to production instead of export. Currently there is still lots of export quota available, so the producers not adding more DMO. However the premium olein have more than enough stocks.

[Mario @mariojohan]

according to traders, a total of 80,000-100,000 was washout at a key destination due to negative parity #CPO

[Mario @mariojohan]

https://t.co/7pN6UDMhyT

It would be hard to see high volume trading anymore. Less volatile from DCE in 2024.

[Mario @mariojohan]

@Kenneteh2 Probably accumulate some stocks with slower delivery to destination

[Mario @mariojohan]

With the volatile situation in Red Sea, there is uncertainty of getting firm vessel/freight schedule. This has caused for some to just washout the cargo due to the difficulty in booking space for delivery.

[Mario @mariojohan]

@mahapurushmaynk This will hurt "demand" wise further which is already dented due to cheap sunflower oil around. Hope it get solved quickly, otherwise with still considerably good production (no major flood happening at all in Malaysia), it would be tough to reduce the stock levels

[Mario @mariojohan]

5/ Combine with their intention to eliminate the export duty (or perhaps only to reduce it massively), we might see much higher low priced soy products out of Argentina to the whole world.

[Mario @mariojohan]

1/ From the recent development and news in the market, currently this would be my 2 cents.

[Mario @mariojohan]

4/ Argentina devalues peso officially, this country will technically not going to import a lot, and will push themselves to EXPORT MORE out of the country. This includes soy products.