Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - A commodity research institution estimates Canada's rapeseed production in the 2025/26 season to be 1,800 million tons, with an estimated range of 1,720 - 1,890 million tons, remaining unchanged from the previous estimate. However, the continuous dry conditions in Manitoba need to be closely monitored as they pose a risk to yield potential [1]. - Malaysia has lowered the reference price of crude palm oil for a certain month, resulting in a reduction of the export tax to 8.5%. The reference price for a previous month was RM3,926.59 per ton with a 9.5% tariff, while the current month's reference price is RM3,730.48 per ton [1]. - Malaysia's crude palm oil production from the 1st - 20th of a month decreased by 4.55% month - on - month. The production in the Malay Peninsula increased by 0.25%, while that in Sabah decreased by 13.27%, Sarawak decreased by 4.56%, and East Malaysia decreased by 11.06% [1]. - Malaysia's palm oil product exports from the 1st - 25th of a month reached 1,134,230 tons, a 6.8% increase compared to the same period last month [1]. 3. Summary by Related Catalogs Canada Rapeseed - The estimated production of Canadian rapeseed in the 2025/26 season is 1,800 million tons, with an estimated range of 1,720 - 1,890 million tons, unchanged from the previous estimate [1]. - Manitoba has a precipitation gap of about 30 mm in the past two weeks, and the precipitation gap in Saskatchewan and Manitoba is expected to reach 24 mm in the next 10 days, which poses a risk to yield potential [1]. Malaysian Palm Oil - Malaysia has lowered the reference price of crude palm oil, reducing the export tax to 8.5%. The reference price for a certain month is RM3,730.48 per ton [1]. - Malaysia's crude palm oil production from the 1st - 20th of a month decreased by 4.55% month - on - month, with different trends in different regions [1]. - Malaysia's palm oil product exports from the 1st - 25th of a month increased by 6.8% compared to the same period last month [1]. Price Information - 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 from June 19 - 25, 2025, are provided, showing a general downward trend [1].

Core Viewpoint - The Malaysian Palm Oil Board (MPOB) has decided to maintain the export tax for crude palm oil at 6% for June, while lowering the official reference price that triggers a 9.5% export tax rate [1] Group 1 - MPOB has kept the export tax for crude palm oil at 6% for June [1] - The official reference price has been adjusted downwards, placing it within the range that activates a 9.5% export tax rate [1]

Group 1 - The Malaysian Palm Oil Board (MPOB) has reduced the export tax for crude palm oil in June to 9.5%, down from the previous rate of 10% [1]