Palm oil fell below 4,000 ringgit a ton, touching its lowest level in three weeks, as it tracked weakness in soybean oil and faced pressure from dull exports out of Malaysia https://t.co/y25Hc9aNjI ...

目录 油脂周报：油脂分化明显，关注下周两大月报 研究员：张盼盼 期货从业证号：F03119783 投资咨询证号：Z0022908 第一部分 周度核心要点分析及策略推荐 第二部分 周度数据追踪 GALAXY FUTURES 1 内容摘要 近期核心事件&行情回顾： 1.印尼统计局数据显示10月印棕出口191万吨，今年1-10月印棕出口1949万吨，较2024年同期增长7.83%。。 2.贸易商预计印度11月食用油进口环比下滑11.5%至118万吨，为七个月低点，其中棕榈油进口略有上升环比 增长4.6%至63万吨。 3.本周油脂分化明显，棕榈油整体呈现震荡上涨，但菜油区间上沿后震荡回落。马棕11月或减产累库，关注下 周MPOB报告，后期随着产地逐渐进入减产季，马棕也将逐渐去库，但预计去库速度偏慢，印尼库存持续处于 偏低水平，产地报价稳中有增。目前豆油库存拐点已至，持续小幅去库中，但盘面缺乏驱动，价格更多跟随油 脂整体走势波动。短期国内菜籽供应不足，菜油进口量也较为有限，国内菜油预计仍是继续去库，对菜油价格 仍存在一定支撑。 GALAXY FUTURES 2 国际市场—马棕11月或减产累库，关注下周MPOB报告 预估 ...

油脂周报：两大月报中性偏多，油脂迎来弱反弹 研究员：刘倩楠 期货从业证号：F3013727 投资咨询证号：Z0014425 目录 第一部分 周度核心要点分析及策略推荐 第二部分 周度数据追踪 GALAXY FUTURES 1 内容摘要 近期核心事件&行情回顾： 1. MPOB 12月棕榈油供需数据显示，马棕12月期末库存继续去库至170.9万吨，环比减少6.91%。其中产量减 8.3%至148.7万吨，出口大幅下滑约10%至134万吨。 2. USDA月报显示，美豆新作单产下调至50.7蒲/英亩，超市场预期，产量随之下调至43.66亿蒲，低于市场预期的 44.53亿蒲，也低于12月预计的44.61亿蒲，库消比从此前预计的10.81%降至8.74%。 3.目前马来和印尼均不存在库存压力，产地报价仍较为偏高，预计 1 季度两国合计库存仍持续处于中性偏低水平， 国内棕油进口利润倒挂，库存偏低，或将对棕榈油形成一定支撑，国内豆油库存较为中性短期或易降难增。临近春 节假期，资金避险情绪可能会增加以及宏观转弱，油脂市场缺乏强有力的驱动，油脂短期预计还将会维持震荡，可 能会出现弱反弹。 GALAXY FUTURES 2 国 ...

棕榈产区台风影响有限，油脂承压震荡 油脂日报 | 2025-12-02 油脂观点 市场分析 期货方面，昨日收盘棕榈油2601合约8418.00元/吨，环比变化-200元，幅度-2.32%；昨日收盘豆油2601合约7474.00 元/吨，环比变化-78.00元，幅度-1.03%；昨日收盘菜油2601合约8625.00元/吨，环比变化45.00元，幅度0.52%。现 货方面，广东地区棕榈油现货价9640.00元/吨，环比变化-230.00元，幅度-2.33%，现货基差P01+1222.00，环比变 化-30.00元；天津地区一级豆油现货价格7730.00元/吨，环比变化-60.00元/吨，幅度-0.77%，现货基差Y01+256.00， 环比变化18.00元；江苏地区四级菜油现货价格8700.00元/吨，环比变化40.00元，幅度0.46%，现货基差OI01+75.00， 环比变化-5.00元。 近期市场咨询汇总：据外媒报道，印度买家已锁定2026年4月至7月期间大量豆油采购，此举实属罕见，旨在应对 竞争对手棕榈油价格上涨。印度头号植物油采购商Patanjali Foods Ltd.副总裁Aashish Acha ...

Indian buyers have secured large purchases of soybean oil for the four months to July, a rare move in anticipation of rising prices of rival palm oil https://t.co/bsqCqAk3Qz ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - After a significant decline, the oil market has stabilized and is experiencing a technical rebound. However, in the short term, there is still a lack of obvious drivers, and the expected increase is limited [25][27]. - It is expected that after the Malaysian palm oil inventory accumulates in October, it will gradually start to decline slightly, but the inventory will still remain at a moderately high level. The production forecast of Indonesian palm oil has been raised, and the inventory is expected to remain low, but the fundamentals have weakened marginally compared to before. The domestic palm oil inventory has been continuously accumulating, and the supply may be relatively loose. Currently, there is no prominent core contradiction in soybean oil, and its price fluctuates more in line with the overall trend of the oil market, with limited upward momentum but greater resilience. In the short term, the domestic rapeseed supply is insufficient, and the import volume of rapeseed oil is also relatively limited. The domestic rapeseed oil inventory is expected to continue to decline, but there are rumors of Australian rapeseed arrivals, which alleviates the expectation of a tight rapeseed supply [4][25]. 3. Summary by Relevant Catalogs 3.1 First Part: Weekly Core Points Analysis and Strategy Recommendations 3.1.1 International Market - Malaysian Palm Oil - Estimated institutions predict that the Malaysian palm oil production will increase by 6% to 1.95 million tons in October, exports will increase to 1.48 million tons, and the inventory will accumulate to 2.44 million tons. However, MPOA's latest forecast shows a 12% increase to 2.07 million tons, and UOB also expects an increase of 8 - 12%. If these production forecasts are accurate, the inventory in October may increase to over 2.5 million tons. Attention should be paid to the MPOB report next Monday [5][7]. - SPPOMA predicts a 6.8% month - on - month increase in Malaysian palm oil production in the first 5 days of November. The rainfall forecast indicates that most producing areas will be dry in the next week, with more rainfall in parts of southern Malaysia. The drought will ease in the next two weeks, and southern Malaysia will still have relatively high rainfall [7]. - Some reports predict that the Malaysian palm oil production in the 2025/26 season may be 19.2 million tons, while this year's production is 19.38 million tons. Currently, the market expects the production in the new season to be flat or slightly lower year - on - year [7]. 3.1.2 International Market - Indonesian Palm Oil - Recently, the prices of Indonesian fruit bunches and CPO tender prices have been fluctuating weakly, currently lower than last year but still at a relatively high level in the same historical period. This year's production in Indonesia has recovered beyond market expectations, and Gapki has recently raised this year's production forecast to 56 - 57 million tons, a year - on - year increase of 8 - 10%. Some reports predict that the palm oil production in Indonesia in the 2025/26 season will be 51 million tons, 4% higher than the previous forecast but still lower than last year. The production forecast for the 2024/25 season has been raised to 53 million tons, reflecting better - than - expected production in July and August. Overall, the market has different forecasts for the production of Indonesian palm oil in the new year [10]. - The Indonesian Statistics Bureau shows that the exports of palm oil and refined palm oil from January to September this year were 17.58 million tons, a year - on - year increase of 11.62% [10]. 3.1.3 International Market - Indian Palm Oil and Edible Oil - Due to increased domestic inventory, weak demand in the food industry, and a narrowing price difference with other oilseeds, India's palm oil imports in October dropped to a five - year low of 750,000 tons. The main reason for the decrease in imports is the sufficient inventory in Indian ports and warehouses, currently holding over 1.2 million tons of edible oil. In addition, the relatively low prices of soybean oil and sunflower oil have prompted refineries to change their preferences [13]. - Traders said that India's total edible oil imports in the 2024/25 season increased slightly by 0.3% year - on - year to 16 million tons. Among them, palm oil imports decreased by 16% year - on - year to 7.56 million tons, the lowest level in five years; soybean oil imports increased by 61.6% year - on - year to a record 5.56 million tons; and sunflower oil imports decreased by 17.7% year - on - year to 2.88 million tons, the lowest level in three years. This week, there were rumors that India had purchased over 100,000 tons of palm oil and some soybean oil, with the shipping dates mainly concentrated in December and later [13]. 3.1.4 Domestic Palm Oil - As of October 31, 2025 (week 44), the commercial inventory of palm oil in key national regions was 592,800 tons, a decrease of 14,300 tons from the previous week, a decline of 2.36%. Recently, the palm oil inventory has decreased slightly and is at a neutral level in the same historical period. The origin quotes are stable, and the import profit inversion has narrowed, currently around - 300. It is rumored that three ships were purchased this week, and it is expected that the palm oil purchases in October and November will exceed 200,000 tons. The basis is stable. Attention should be paid to future domestic purchases and arrivals [16]. 3.1.5 Domestic Soybean Oil - As of October 31, 2025, the commercial inventory of soybean oil in key national regions was 1.2158 million tons, a decrease of 34,500 tons from the previous week, a decline of 2.76%. Currently, the soybean oil inventory is at a relatively high level in the same historical period, but the inventory inflection point may have been reached, and the basis is strengthening steadily. This week, the total spot trading volume of soybean oil was 81,000 tons, an increase from the previous week, but the overall trading volume is still weak [20]. - China has lowered the import tariff on US soybeans to 13%, but it is still difficult for commercial purchases. However, it is rumored that domestic purchases of US soybeans have begun. Attention should be paid to the purchase rhythm of US soybeans. In the short term, the domestic soybean oil supply is sufficient, the price increase is weak, and there is a lack of obvious drivers. It is expected to maintain a volatile trend [20]. 3.1.6 Domestic Rapeseed Oil - As of October 31, 2025, the coastal rapeseed oil inventory was 514,000 tons, a decrease of 21,000 tons from the previous week. It is still at a high level in the same historical period, but the inventory is continuously decreasing marginally. Currently, the rapeseed inventory has reached the bottom, and the rapeseed crushing volume of major coastal oil mills this week was 0 tons, with an operating rate of 0%. It is rumored that Australian rapeseed will arrive at the end of the year, which is the first export of Australian rapeseed to China in five years. The FOB quote of European rapeseed oil has remained stable at around $1,100, and the import profit inversion of European rapeseed oil has widened to around - 1,100. The market still has a sentiment of holding back sales at high prices, and the domestic rapeseed oil basis is strengthening steadily. It is expected that the coastal inventory decline trend will continue [23]. 3.1.7 Strategy Recommendations - Unilateral strategy: After a significant decline, the oil market has stabilized and is experiencing a technical rebound. However, in the short term, there is still a lack of obvious drivers, and the expected increase is limited. It is recommended to wait and see for the time being [27]. - Arbitrage strategy: Long OI 1 - 5 spread and short P1 - 5 spread [27]. - Option strategy: Wait and see [27]. 3.2 Second Part: Weekly Data Tracking - The report provides a large amount of data on the production, export, inventory, consumption, and price of palm oil, soybean oil, and rapeseed oil in Malaysia, Indonesia, India, and the domestic market, as well as data on the import, consumption, and basis of various oils in the domestic market [31][38][43]. These data are presented in the form of tables and charts, including monthly and weekly data, which can be used to track the market trends of the oil industry.

Core Points - Australian Oilseeds Holdings Limited has regained compliance with Nasdaq's minimum bid price requirement and will transfer its listing to The Nasdaq Capital Market effective October 31, 2025 [1][2][3] - The transfer is not expected to impact trading of the Company's securities, which will continue to trade under the symbols "COOT" for Class A ordinary shares and "COOTW" for warrants [2] - The Nasdaq Capital Market has similar operational standards to the Nasdaq Global Market, requiring companies to meet specific financial and corporate governance criteria for continued listing [2] Company Overview - Australian Oilseeds Holdings Limited is focused on the manufacture and sale of sustainable oilseeds, including non-GMO and organic food-grade oils, targeting the growing oilseeds market [3] - The Company operates the largest cold pressing oil plant in Australia, emphasizing the production of GMO-free conventional and organic oilseeds [3] - The Company aims to eliminate chemicals from its production processes, thereby supplying healthier food ingredients and vegetable oils to customers globally [3]

Company Overview - Australian Oilseeds Holdings Limited is a manufacturer and seller of sustainable edible oils, focusing on the GEO line of cold-pressed, chemical-free canola and olive oils [1][5] - The company operates through subsidiaries, including Australian Oilseeds Investments Pty Ltd, and is committed to eliminating chemicals from the production process to supply quality products globally [6] Joint Venture Announcement - The company announced a joint venture with Rajashri Foods Pvt. Ltd. to market and distribute its GEO line of oils in India, which is seen as a significant growth market [1][2] - Rajashri Foods is recognized as a leader in the Indian market with extensive distribution capabilities, making it an ideal partner for the company [2][4] Market Potential - India's edible oil market is valued at approximately AUD 50–60 billion, presenting a substantial opportunity for the company to capture a meaningful share [3] - The partnership aims to address the growing demand for healthier food products in India, aligning with the increasing consumer awareness of health and nutrition [2][3] Product Offering - GEO products are developed to meet the demand for healthy, natural, and sustainable edible oils, emphasizing non-GMO quality, high Omega-3 and Omega-9 content, and low trans-fat [5] - The brand has established a solid reputation in Asia and is distributed across multiple countries, including Japan, China, and Vietnam, with plans to explore the Taiwanese market [5]

Core Insights - Australian Oilseeds Holdings Limited reported a strong financial performance for Q4 and fiscal year 2025, with total sales revenue increasing by 49% year-over-year in Q4, driven by growth in retail, wholesale, and high-protein segments [4] - The retail oil division experienced significant growth, with a 59% increase in revenue during the quarter, reflecting successful strategic expansion and product diversification [4] - The company is committed to sustainability and quality, positioning itself favorably in the market for future growth [4] Q4 Fiscal 2025 Financial Highlights - Sales revenue for Q4 increased by 49.1% to A$11.5 million, attributed to broad-based growth across various categories [6] - Retail oil revenue rose by 58.9% to A$4.3 million, supported by expanded distribution and new product offerings [6] - The company achieved a net income of A$0.1 million, a significant improvement from a net loss of A$23.7 million in the previous year [6] Full Year Fiscal 2025 Financial Highlights - Total sales revenue for the fiscal year increased by 23.6% to A$41.7 million, driven by growth in retail and high-protein meal categories [6] - Retail oil revenue for the full year increased by 58.4% to A$19.9 million, reflecting successful distribution strategies and new product introductions [6] - The company reported a net loss of A$1.5 million, an improvement from a net loss of A$21.2 million in the prior year [6]

Core Insights - Australian Oilseeds Holdings Limited has launched its flagship consumer brand, GEO, on Zhongsheng GO, a digital retail platform in China, marking a significant step in its international expansion strategy [1][2][3] Company Overview - Australian Oilseeds Holdings Limited is focused on the manufacture and sale of sustainable oilseeds and is committed to eliminating chemicals from production systems to supply quality products globally [4] - The company operates the largest cold pressing oil plant in Australia, processing non-GMO and organic oilseeds [4] Product Details - GEO represents Australia's premium extra virgin cold-pressed canola oil range, developed to meet the demand for healthy, natural, and sustainable edible oils [3] - GEO products are characterized by 0% erucic acid, non-GMO quality, high Omega-3 and Omega-9 content, natural Vitamin E, and low trans-fat [3] - The brand is distributed across multiple Asia-Pacific markets, including Japan, China, Vietnam, and Thailand, and is exploring opportunities in Taiwan [3] Strategic Partnership - The successful onboarding of GEO products on Zhongsheng GO was facilitated by Shanghai Maiwei Trading Co., Ltd., the company's strategic partner in China [2] - Zhongsheng GO has over 5 million registered members, providing a substantial customer base for GEO products [2][3]