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LMC International Ltd
4Th Floor, Clarendon House 52 Cornmarket Street
LMC International is a privately owned company, founded in 1980, now with offices in Oxford, New York, Singapore and Kuala Lumpur. In Latin America we work closely with a partner organisation, Canaplan, in Sao Paolo.
LMC provides market intelligence, an...
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(199 Total References)
The 2015 CPO price forecast by ...
The 2015 CPO price forecast by Dorab also mirrors the prediction by London-based LMC International Ltd chairman Dr James Fry who described 2015 as "the year of two halves for CPO prices."
said weak palm oil output would push Malaysia's palm oil stocks to below 1.6 million tonnes in the second quarter of this year.
said: "The palm oil industry must learn to accept the realities of the lower global crude oil prices.
MUMBAI -- Crude palm oil (CPO) ...
MUMBAI -- Crude palm oil (CPO) prices are likely to surge 40% to $700 per ton by mid-2016 as an El Niño weather event dents output and as top producer Indonesia uses more palm-based biodiesel, leading industry analyst James Fry said.
Workers collect palm oil fruits inside a palm oil factory in Sepang, outside Kuala Lumpur. -- Reuters
The world's top palm oil-producing countries, Indonesia and Malaysia, have been getting lower-than-normal rains due to El Niño this year, triggering worries about tighter supply and pushing up benchmark palm futures more than 25% from a 6-1/2-year low plumbed in August.
Palm futures had soared 57% in 2009, partly due to El Niño, which typically leads to scorching weather across Asia and east Africa but heavy rains and floods in South America.
"An El Niño would take prices well above $700 (free-on-board) by midyear, with world CPO output in 2016 below that in 2015," said Mr. Fry, chairman of commodities consultancy LMC International.
CPO was trading at around $500 on free-on-board (FOB) basis on Tuesday.
Apart from weather worries, higher use of palm-based biodiesel by Indonesia could also tighten supplies of the tropical oil from the world's top exporter, analyst Fry said.
"Discretionary biodiesel sales are not viable at current prices, but if Indonesia's levy fund subsidizes local biodiesel, as was originally intended, its impact could be large," Mr. Fry
told an industry conference Globoil India on Tuesday.
"Even without an El Niño, prices should go above $600 during the first quarter of 2016.
This assumes that the Indonesian
fund implements its subsidies in full," he
A steeper fall in palm prices versus that of fertilizers in the past few months has prompted farmers to cut their use of fertilizers, said Mr. Fry
, adding that this would "hit production in the usual slowdown in Southeast Asian output after November."
Palm oil producers are experiencing the ...
Palm oil producers are experiencing the most extreme El Niño effects in 18 years, which has caused droughts in palm oil producing regions such as Indonesia and Malaysia and will result in lower production yields, Dr James Fry of LMC International told the Price Outlook Conference and Exhibition (POC 2016) in Kuala Lumpur, Malaysia on 7-9 March.
ConferenceOils & Fats International |OFI Turkey
Key speaker, moderator: James Fry, Chairman of the Board of LMC International
James Fry, Chairman of the Board of LMC International
Business Conference ScheduleOils & Fats International |OFI India
James Fry, Chairman of LMC International, UK