The person in charge of "Palm Oil Analysis" of Singapore Corporation said that crude oil has fallen sharply, soybean oil pluys, and palm oil exports and output have risen, which has a significant impact on the market; in addition,, in addition,, in addition,, in addition,Due to the decrease in tariffs, the plunge may stimulate the demand for major imports of countries and India.

(New York Composite Electric) With the price of consumption oil, wheat and corn fell to the lowest level in the past few months, countries' concerns about the soaring global food costs are alleviating.

After the increase in supply, investors' bullish betting on the futures market has decreased.The consumption oil palm oil has fallen by about 45%from the closing price of April in April, nearly the lowest level in the past year, and wheat has fallen from a high level in March by 35%.About 30%.

Russia's invasion of Ukraine on February 24 made grain and sunflower seed oil from exporting from the Pier of the Black Sea, exacerbating the shortage of goods caused by chaotic goods and chaos in the supply chain.This has aroused concerns about the global food crisis, and consumers in the poor country are particularly heavy.At present, the price returns to the level before the Russian army invades Ukraine.

As interest rates increase and the threat of economic recession, investors have been reducing Net Bullish Position in the US market.The position is the holding unit.Their net bulls of soybean oil have dropped to the lowest level in 23 months. The net bulls of wheat have the lowest in four months, and the net bulls for corn are the lowest in eight months.

Palm oil fell 11%in Kuala Lumpur on Wednesday to RM3735 (S $ 1180.79), resulting in a decline in agricultural products and then narrowing.Soybean oil, soybeans, corn and wheat continued or maintained a sharp decline in the Chicago market on Tuesday.

Palm oil's main producer of Palm oil has increased exports after the ban, Malaysia inventory increases, and the output has entered a seasonal high cycle.Indonesia encourages exports to consume the huge local inventory. The Palm Oil Commission said that the inventory may return to normal at the end of August.

The plunge of fossil fuel costs also reduces the demand for biological energy.Satay Valca, who provided palm oil market information and analysis of Singaporean company "Palm oil analysis", pointed out: "Crude oil has fallen sharply, soybean oil pluys, and palm oil exports and yields have continued to rise, which has been significant to the market.Impact. "

Due to the decrease in tariffs, the plunge may stimulate the needs of major imports of countries and India.He said: "The good news is that the reference price of Indonesia and Malaysia's palm crude oil that will be shipped in August will be relatively low, and the export tax will be low."

The harvest of the huge corn and soybean crops in the United States can still be guaranteed for some time, and the weather in the next two months will be crucial.According to data released by the US Department of Agriculture after the market closed on Tuesday, the supply of corn and soybeans deteriorated than analysts' expectations.

The United Nations scheduled to release the latest global food cost index on Friday. The index may show that Russia's increased grain prices that have increased in Ukraine in Russia have declined for the third consecutive month.

In addition, although the Russian -Ukraine conflict continues to be deadlocked, the restoration of grain transportation is expected to increase.The exports of Russia and Ukraine and sunflower seeds have increased expectations. Under the coordination of the United Nations, Russia and Ukraine have withdrawn from ports and export humanitarian channels are about to open.

Ukraine is known as "European Grasson" and is a large country of corn and wheat exports.Ukraine has previously accused Russia of blocking Ukraine's port to prevent Ukraine from exports.

But Russian President Putin denied to prevent Ukraine's food exports, referring to the construction of a large amount of mines in the Black Sea waters to endanger the safety of navigation.He also diluted the impact of Ukrainian grain on the global market. He reiterated that only about 5 million metric tons of wheat in Ukraine had only 0.5 % of the global output, which was insignificant to the world's grain supply.