This is the Latest Export Statistics
Exports of manufactured goods grew by 32.6 per cent YoY to RM509.33 billion, supported by higher exports of E&E products, rubber products, manufactures of metal, petroleum products, and chemicals and chemical products.
Exports of agriculture goods rose by 33.3 per cent YoY to RM42.32 billion, buoyed by higher exports of palm oil and palm oil-based agriculture products.
Exports of mining goods totalled RM31.65 billion, eased by 0.4 per cent on the back of lower exports of LNG.
KUALA LUMPUR: Malaysia's trade performance in June 2021 increased by 29.3 per cent year-on-year (YoY) to RM188.70 billion from RM145.90 billion recorded in the previous year.
Imports increased 32.1 per cent to RM83.23 billion from RM62.99 billion while exports rose 27.2 per cent YoY to RM105.47 million from RM82.91 billion, said Malaysia External Trade Development Corp (Matrade)
In a statement today, Matrade said Malaysia's exports recorded the 10th consecutive month of YoY expansion since September 2020 and were also the third time exports exceeded RM100 billion.
According to Matrade, Malaysia's trade, exports, and imports recorded the second-highest monthly value thus far after April 2021, the highest monthly value for June and double-digit growth for five successive months.
Exports of manufactured goods grew by 32.6 per cent YoY to RM509.33 billion, supported by higher exports of E&E products, rubber products, manufactures of metal, petroleum products, and chemicals and chemical products.
Exports of agriculture goods rose by 33.3 per cent YoY to RM42.32 billion, buoyed by higher
exports of palm oil and palm oil-based agriculture products.
Exports of mining goods totalled RM31.65 billion, eased by 0.4 per cent on the back of lower exports of LNG.
As you can "SEE" from the above
EXPORTS OF PALM OIL & ITS RELATED GOODS AT 33.3% GROWTH HAS NOW
OVERTAKEN OTHERS AT 32.6% GROWTH
THIS WILL SHOW UP LATER IN ALL PALM OIL COMPANIES' QUARTERLY RESULTS ONE
BY ONE IN AUGUST 2021 & VERY POSSIBLE AS GOOD FOR NOVEMBER 2021 & INTO
FEBRUARY 2022 RESULTS
Best Regards
Calvin Tan Research
Please buy or sell after doing your own due diligence. In doubt consult your own Remisier or Fund Manager
THE NUMBERS TELL ALL WHAT IS TO COME!!
Created by calvintaneng | Aug 30, 2024
Created by calvintaneng | Aug 30, 2024
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One reason why palm oil is exporting in huge quantity to India is due to very high prices of other vegetable oils including soybean oil
Soy oil was less than USD33 last year.
Now Soyoil future has crossed USD67 (up 100%)
As a result India & others are turning to cheaper palm oil
2021-07-29 22:27
Soyoil price chart
https://www.macrotrends.net/2538/soybean-oil-prices-historical-chart-data
2021-07-29 22:28
And one reason why Soyoil prices will remain high from now onward is the need for soybean/corn as biodisel feed stock due to climate change
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/043021-phillips-66-starts-up-first-renewable-diesel-unit-at-rodeo-refinery
2021-07-29 23:26
Yes in during MCO many industrial product companies cannot operate but palm oil continues to be harvested
Plus all supermarket and minimarket also open and 50% of all Supermarket products got palm oil
Palm oil must go go go!
2021-08-02 16:40
calvintaneng
VenFx clicked likes
How are you VenFx?
Long time no see
2021-07-29 22:18