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Malaysia will explore alternatives markets for its palm oil exports following boycott by some European countries, the Malaysian Palm Oil Council (MPOC) said

Palm oil may slide further into a range of 2,256-2,274 ringgit per tonne, following its failure to break a resistance at 2,322 ringgit

Indofood, one of Indonesia's largest food companies, has withdrawn from the Roundtable of Sustainable Palm Oil (RSPO) certification scheme amid allegations of labour violations on its plantations.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Jan 30.

KUALA LUMPUR: Sime Darby Plantation Bhd will help boost Sarawak's palm oil industry standards in terms of operational efficiency and productivity in a tie up with Sarawak Land Consolidation and Rehabilitation Authority (Salcra).

KUALA LUMPUR: Malaysian palm oil futures fell over 1 percent on Tuesday, retreating from the previous session's sharp gains on weakness in Chicago soyoil and overnight crude oil.

SINGAPORE (Jan 30): Palm oil may slide further into a range of RM2,256-2,274 per tonne, following its failure to break a resistance at RM2,322. The resistance is identified as the 276.4% projection level on an uptrend from RM1,979. The failure to overcome this barrier has triggered a decent correction, which may develop further, after extending below the support at RM2,304.

Investors in companies operating in the oil palm sector of the Nigerian economy have very bright prospects of reaping high returns going forward. This was the submission of analysts at Afrinvest (West Africa) in a special report on the oil palm sector.

European Commission agrees that American biodiesel production standards meet sustainability requirements

HAMBURG, Jan 29 (Reuters) - Weather damage to South American soybean crops could start pushing more soybean export business to the United States and U.S. export shipments could benefit from March, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Jan 29

The sixth ministerial meeting of the Council of Palm Oil Producing Countries (CPOPC) next month will discuss among others, trade policy issues affecting members, sustainable production of the crop and activities towards strengthening cooperation in the industry, said Primary Industries Minister Teresa Kok Suh Sim.