欢迎进入UG环球官网(环球UG)!

apple developer:Volatile year likely for palm oil prices

admin2周前12

USDT第三方支付平台

菜宝钱包(caibao.it)是使用TRC-20协议的Usdt第三方支付平台,Usdt收款平台、Usdt自动充提平台、usdt跑分平台。免费提供入金通道、Usdt钱包支付接口、Usdt自动充值接口、Usdt无需实名寄售回收。菜宝Usdt钱包一键生成Usdt钱包、一键调用API接口、一键无实名出售Usdt。

choi Baccarat

sàn casino đổi thưởng tiền mặt uy tín SỐ 1 ,Bạn có thể nạp và rút tiền với; Ví điện tử ; đồng tiền ảo; usdt; an toàn tiện lợi và có độ bảo mật cao. Mọi thông tin chi tiết xin liên hệ URL:www.vng.app。

,In view of the fluctuating commodity prices, Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift (pic) said it was crucial for companies to adopt a more robust price risk management tool in keeping their businesses competitive in a highly volatile environment.

KUALA LUMPUR: Although crude palm oil (CPO) price is at its highest in more than a decade, palm oil industry players should gear up for another uncertain year possibly leading to heightened price volatility on the back of weather conditions, economic recovery and policy changes in the west.

In view of the fluctuating commodity prices, Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift (pic) said it was crucial for companies to adopt a more robust price risk management tool in keeping their businesses competitive in a highly volatile environment.

“Predicting the continuing impact of Covid-19 on businesses and economic activity has been increasingly challenging. For this reason, we have once again gathered speakers and experts in their respective fields to share their knowledge and experience that can help industry participants for a post-pandemic landscape, ” he said during the second Virtual Palm and Lauric Oils Price Outlook Conference (Virtual POC 2021) yesterday.

The two-day Virtual POC 2021 has attracted over 2,500 registrations and close to 1,700 participants from 55 countries.

Moreover, Muhamad Umar, who is also the chairman of Bursa Malaysia Derivatives (BMD), said it would continue to develop a sustainable marketplace by improving its ecosystem and enhancing its products as a reliable hedging instrument against price volatility.

“We remain committed to fostering sustainable development and promoting responsible growth for the industry.

“From April 1,2021, we will require only the Malaysian Sustainable Palm Oil (MSPO)-certified CPO to be physically delivered in our CPO futures (FCPO) contract, ” he said.

Bursa Malaysia Derivatives’ FCPO remains the global price benchmark for the crude palm oil market.

Given that the Covid-19 pandemic has affected the global economy, Muhamad Umar pointed out that the pandemic has affected production and demand, created supply chain and market disruptions as well as caused financial impact on firms and financial markets.

This led to palm oil producers having labour shortages which resulted in an overall of 3.6% decline in crude palm oil (CPO) production last year compared to 2019, he added.

“Furthermore, we have seen a higher export of CPO in the second half of 2020 due to the tax exemption by the Malaysian government.

“With these major events, the CPO price saw an increase of 29% year-on-year owing to lower inventories, higher demand, as well as higher prices of soybean oil, which is a CPO substitute, ” Muhamad Umar explained.

上一篇 下一篇

猜你喜欢

网友评论

随机文章
热门文章
热评文章
热门标签