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 ...

Deadly flooding in Asia and early snowstorms across the US are signaling the return of a weather-roiling La Niña, a cooling of Pacific waters that can disrupt economies and trigger disasters worldwide.In recent La Niña years, global losses have ranged from $258 billion to $329 billion, according to Aon, a reinsurance broker and data analysis firm. Despite year-to-year swings in damage totals, the overall trajectory is unmistakable: Extreme weather is pushing losses higher. The La Niña phenomenon is often li ...

油 脂 基 差 ： | 现 货 价 格 | | | | | | | --- | --- | --- | --- | --- | --- | | 日期 | 豆粕江苏 | 菜粕广东 | 豆油江苏 | 棕榈油广州 | 菜油江苏 | | 2025/12/04 | 3020 | 2520 | 8520 | 8620 | 9890 | | 2025/12/05 | 3020 | 2500 | 8540 | 8720 | 9870 | | 2025/12/08 | 3020 | 2500 | 8500 | 8660 | 9760 | | 2025/12/09 | 3000 | 2460 | 8450 | 8570 | 9630 | | 2025/12/10 | 3030 | 2490 | 8500 | 8510 | 9680 | 蛋 白 粕 基 差 ： 油脂油料早报 研究中心农产品团队 2025/12/11 隔 夜 市 场 信 息 ： 民间出口商报告向中国出口销售13.60万吨大豆 民间出口商报告向中国出口销售136，000吨大豆，2025/2026市场年度付运。 民间出口商报告向未知目的地出口销售33.1万吨大豆 民间出 ...

Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey https://t.co/iYqP4P4SRz ...

Palm oil resumed gains on the outlook for rising demand, while traders monitored the impact of flooding in the world’s top growers. https://t.co/BdRMLQTq1g ...

Palm oil steadied after advancing the past three sessions, with robust Malaysian inventories poised to cap further gains https://t.co/s78GbXY90U ...

Summary of Key Points from the Conference Call Industry Overview - **Industry**: China Consumer Sector - **Focus**: Raw Materials Price Trends and Stock Implications for Hong Kong/China Consumer Stocks Key Raw Material Price Trends - **Milk Powder Prices**: Declined by 2.2% MoM in October 2025, with a YTD increase of 18% YoY. The average price was US$3,503 per MT as of November 4, 2025 [18][19] - **Corn Prices**: Decreased by 5.3% MoM in October 2025 [28] - **Hog/Pork Prices**: - Hog prices fell to Rmb12.8/kg, down 8.8% MoM in October 2025 [19] - Pork retail prices decreased by 3.8% MoM [19] - **Metal Prices**: Copper prices increased by 5.9% MoM, with a YTD rise of 11.1% [22] Stock Implications - **Yili (600887.SS)**: - Overweight rating; raw milk prices have declined steadily YTD, expected to stabilize towards the end of the year [2] - **Mengniu (2319.HK)**: - Overweight rating; similar trends in raw milk prices as Yili [2] - **Angel Yeast (600298.SS)**: - Overweight rating; molasses prices down by ~20%, which may positively impact earnings if ASP is maintained [3] - **Hengan (1044.HK)**: - Equal-weight rating; pulp prices have fluctuated, potentially easing margin pressure on tissue business [3] - **Tingyi (0322.HK) and Uni-President China (0220.HK)**: - Equal-weight rating; lower PET and sugar prices should benefit beverage margins, but palm oil price spikes may negatively impact noodle margins [4] - **Want Want (0151.HK)**: - Equal-weight rating; facing raw material cost headwinds, plans to offset costs through substitution and efficiency improvements [5] - **Beer Companies**: - Continued benefits from lower barley costs, but diminishing tailwinds from aluminum prices [6] Additional Insights - **Competitive Dynamics**: The beverage industry's competitive landscape will significantly influence margin trends in the second half of 2025 [4] - **Raw Milk Supply**: Expected to stabilize with more balanced supply-demand dynamics as upstream supply declines [2] - **Cost Management Strategies**: Companies are adopting various strategies to manage cost pressures, including substituting raw materials and improving operational efficiencies [5] Conclusion The conference call highlighted significant trends in raw material prices affecting the China consumer sector, with implications for various companies. The overall sentiment suggests cautious optimism as companies adapt to changing market conditions and raw material costs.

Palm oil prices climbed after two sessions of decline, on the back of a rise in rival soybean oil https://t.co/2JQAzByP8S ...

Palm oil fell for a second session due to waning exports from Malaysia and a stronger ringgit https://t.co/4IkQoiLqSv ...

Palm oil snapped a five-day rally and the longest streak of gains in more than five months on weak demand and losses in rival soybean oil https://t.co/pycj4JKyua ...