油脂油料早报-20251229

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - Malaysia's palm oil exports from December 1 - 25, 2025, showed significant growth, with SGS reporting a 41.25% increase to 824,276 tons compared to the same period last month, and AmSpec reporting a 3.0% increase to 1,017,897 tons [1] - Malaysia's palm oil production from December 1 - 25, 2025, decreased by 9.12% compared to the previous period, with a 8.49% decline in fresh fruit bunch yield and a 0.12% decrease in oil extraction rate [1] 3. Summary by Related Catalogs Overnight Market Information - SGS data showed that Malaysia's palm oil product exports from December 1 - 25, 2025, were 824,276 tons, a 41.25% increase from the same period last month [1] - AmSpec data showed that Malaysia's palm oil product exports from December 1 - 25, 2025, were 1,017,897 tons, a 3.0% increase from the same period last month [1] - SPPOMA data showed that Malaysia's palm oil production from December 1 - 25, 2025, decreased by 9.12% compared to the previous period, with a 8.49% decline in fresh fruit bunch yield and a 0.12% decrease in oil extraction rate [1] Spot Prices - From December 22 - 26, 2025, the spot prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu showed different degrees of change [2] Protein Meal Basis - No specific data provided Fat Basis - No specific data provided Fat and Oil Futures Spread - No specific data provided