国内英语资讯:Palm producers to benefit from Chinas proposed tariffs on U.S. soybeans: Malaysian analyst
<p><span word="KUALA">KUALA</span> <span word="LUMPUR">LUMPUR</span>, <span word="April">April</span> 5-- <span word="China">China</span>'<span word="s">s</span> <span word="threat">threat</span> <span word="to">to</span> <span word="impose">impose</span> <span word="a">a</span> 25-<span word="percent">percent</span> <span word="tariff">tariff</span> <span word="on">on</span> <span word="imported">imported</span> <span word="soybeans">soybeans</span> <span word="from">from</span> <span word="the">the</span> <span word="United">United</span> <span word="States">States</span> <span word="is">is</span> <span word="expected">expected</span> <span word="to">to</span> <span word="have">have</span> <span word="a">a</span> <span word="positive">positive</span> <span word="impact">impact</span> <span word="on">on</span> <span word="palm">palm</span> <span word="oil">oil</span>-<span word="producing">producing</span> <span word="countries">countries</span> <span word="including">including</span> <span word="Malaysia">Malaysia</span>, <span word="as">as</span> <span word="Chinese">Chinese</span> <span word="demand">demand</span> <span word="on">on</span> <span word="the">the</span> <span word="substitute">substitute</span> <span word="oil">oil</span> <span word="may">may</span> <span word="increase">increase</span>, <span word="said">said</span> <span word="analysts">analysts</span> <span word="Thursday">Thursday</span>.</p><p>"<span word="Given">Given</span> <span word="that">that</span> <span word="crude">crude</span> <span word="palm">palm</span> <span word="oil">oil</span> (<span word="CPO">CPO</span>) <span word="can">can</span> <span word="be">be</span> <span word="a">a</span> <span word="substitute">substitute</span> <span word="for">for</span> <span word="soybean">soybean</span> <span word="oil">oil</span>, <span word="we">we</span> <span word="believe">believe</span> <span word="Chinese">Chinese</span> <span word="tariffs">tariffs</span> <span word="on">on</span> <span word="American">American</span> <span word="soybeans">soybeans</span> <span word="can">can</span> <span word="be">be</span> <span word="good">good</span> <span word="for">for</span> <span word="the">the</span> <span word="palm">palm</span> <span word="oil">oil</span>-<span word="producing">producing</span> <span word="countries">countries</span>, <span word="especially">especially</span> <span word="Indonesia">Indonesia</span> <span word="and">and</span> <span word="Malaysia">Malaysia</span> <span word="as">as</span> <span word="they">they</span> <span word="account">account</span> <span word="for">for</span> <span word="about">about</span> 84 <span word="percent">percent</span> <span word="of">of</span> <span word="global">global</span> <span word="palm">palm</span> <span word="oil">oil</span> <span word="supply">supply</span>," <span word="Affin">Affin</span> <span word="Hwang">Hwang</span> <span word="Capital">Capital</span> <span word="said">said</span> <span word="in">in</span> <span word="a">a</span> <span word="note">note</span>.</p><p><span word="It">It</span> <span word="foresees">foresees</span> <span word="the">the</span> <span word="move">move</span> <span word="to">to</span> <span word="boost">boost</span> <span word="demand">demand</span> <span word="for">for</span> <span word="Malaysian">Malaysian</span> <span word="palm">palm</span> <span word="oil">oil</span> <span word="products">products</span>, <span word="and">and</span> <span word="help">help</span> <span word="to">to</span> <span word="further">further</span> <span word="lower">lower</span> <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="stockpile">stockpile</span> <span word="levels">levels</span>. <span word="Malaysia">Malaysia</span>'<span word="s">s</span> <span word="palm">palm</span> <span word="oil">oil</span> <span word="inventory">inventory</span> <span word="rose">rose</span> 69.8 <span word="percent">percent</span> <span word="year">year</span>-<span word="on">on</span>-<span word="year">year</span> <span word="to">to</span> 2.48 <span word="million">million</span> <span word="tonnes">tonnes</span> <span word="in">in</span> <span word="February">February</span>.</p><p><span word="The">The</span> <span word="research">research</span> <span word="house">house</span> <span word="also">also</span> <span word="expects">expects</span> <span word="the">the</span> <span word="move">move</span> <span word="to">to</span> <span word="boost">boost</span> <span word="CPO">CPO</span> <span word="prices">prices</span>. "<span word="There">There</span> <span word="is">is</span> <span word="a">a</span> <span word="possibility">possibility</span> <span word="of">of</span> <span word="a">a</span> <span word="short">short</span>-<span word="term">term</span> <span word="rally">rally</span> <span word="should">should</span> <span word="this">this</span> <span word="event">event</span> <span word="materialize">materialize</span>," <span word="it">it</span> <span word="said">said</span> <span word="while">while</span> <span word="maintaining">maintaining</span> <span word="its">its</span> <span word="CPO">CPO</span> <span word="average">average</span> <span word="selling">selling</span> <span word="price">price</span> <span word="assumption">assumption</span> <span word="for">for</span> 2018 <span word="and">and</span> 2019 <span word="at">at</span> 2,600 <span word="ringgit">ringgit</span> <span word="to">to</span> 2,500 <span word="ringgit">ringgit</span> <span word="per">per</span> <span word="tonne">tonne</span>.</p><p><span word="MIDF">MIDF</span> <span word="Research">Research</span> <span word="also">also</span> <span word="said">said</span> <span word="in">in</span> <span word="a">a</span> <span word="note">note</span> <span word="Thursday">Thursday</span> <span word="that">that</span> <span word="Chinese">Chinese</span> <span word="tariffs">tariffs</span> <span word="move">move</span> <span word="is">is</span> <span word="positive">positive</span> <span word="to">to</span> <span word="CPO">CPO</span> <span word="price">price</span> <span word="as">as</span> <span word="it">it</span> <span word="expects">expects</span> <span word="higher">higher</span> <span word="China">China</span>'<span word="s">s</span> <span word="demand">demand</span> <span word="on">on</span> <span word="palm">palm</span> <span word="oil">oil</span> <span word="in">in</span> <span word="the">the</span> <span word="long">long</span> <span word="run">run</span>.</p><p><span word="While">While</span> <span word="expecting">expecting</span> <span word="China">China</span> <span word="to">to</span> <span word="increase">increase</span> <span word="soybean">soybean</span> <span word="import">import</span> <span word="from">from</span> <span word="Brazil">Brazil</span>, <span word="the">the</span> <span word="research">research</span> <span word="house">house</span> <span word="believes">believes</span> <span word="that">that</span> <span word="the">the</span> <span word="volume">volume</span> <span word="is">is</span> <span word="not">not</span> <span word="enough">enough</span> <span word="to">to</span> <span word="compensate">compensate</span> <span word="the">the</span> <span word="lower">lower</span> <span word="volume">volume</span> <span word="from">from</span> <span word="U">U</span>.<span word="S">S</span>.</p><p>"<span word="In">In</span> <span word="the">the</span> <span word="long">long</span> <span word="run">run</span>, <span word="we">we</span> <span word="expect">expect</span> <span word="lower">lower</span> <span word="soybean">soybean</span> <span word="oil">oil</span> (<span word="which">which</span> <span word="is">is</span> <span word="a">a</span> <span word="by">by</span>-<span word="product">product</span> <span word="of">of</span> <span word="soybean">soybean</span> <span word="crushing">crushing</span>) <span word="supply">supply</span> <span word="in">in</span> <span word="China">China</span>. <span word="Palm">Palm</span> <span word="oil">oil</span> <span word="stands">stands</span> <span word="to">to</span> <span word="benefit">benefit</span> <span word="from">from</span> <span word="this">this</span> <span word="as">as</span> <span word="it">it</span> <span word="is">is</span> <span word="a">a</span> <span word="common">common</span> <span word="substitute">substitute</span> <span word="for">for</span> <span word="soybean">soybean</span> <span word="oil">oil</span> <span word="for">for</span> <span word="use">use</span> <span word="in">in</span> <span word="the">the</span> <span word="food">food</span> <span word="processing">processing</span> <span word="industry">industry</span>," <span word="it">it</span> <span word="said">said</span>.</p>
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