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The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Dec 19

Malaysian palm oil futures rose more than 1 percent on Tuesday and hit its highest level in six weeks, tracking gains in U.S. soyoil in Chicago and supported by prospects for an easing of production

All Kuala Lumpur City Hall (DBKL) diesel vehicles will use B10 biodiesel to promote a greener city and to encourage use of palm oil, says Federal Territories Minister Khalid Abdul Samad

Malaysian palm oil futures fell over 1 per cent on Monday before paring some losses, as weakness in overnight soyoil on the US Chicago Board of Trade (CBOT) and data showing declining exports weighed on sentiment.

India for the fourth time deferred the deadline to impose retaliatory customs duties on 29 US products, including almond, walnut and pulses, by another 45 days, the government has said.

Palm oil may test a resistance at 2,150 ringgit per tonne, a break above which could lead to a gain to 2,180 ringgit

Nation has cultivated and commercialised oil palm plantations long before the country gained independence, and 2017 marked the commodity’s centennial

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Dec 18

Palm oil bulls are betting on prices to bounce back next year, even though the tropical commodity may have to endure a rough patch first

The benefit to Indonesian producers from the government’s relaxation of the export levy structure for crude palm oil (CPO) and refined palm oil products is likely to be limited because we expect CPO prices to improve, Fitch Ratings says

Russia’s oil export duty CL-EXPDTY-RU is expected to fall by around 34 percent in January from December to $89 per tonne, as a new tax regime kicks in next year and oil prices decline, the Finance Ministry said on Monday

The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet U.S. demands for long-term change in how China does business