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Malaysian palm oil futures rose to a seven-week high in early trade on Thursday, tracking gains in U.S. soyoil and supported by a weaker ringgit.

Crude palm oil prices rose 0.46 per cent to Rs 671.60 per 10 kg in futures trade today as speculators increased positions amid a firm demand at the spot market.

Bursa Malaysia has launched an enhanced US dollar-denominated refined, bleached and deodorised (RBD) palm olein futures contract (FPOL) to promote a more inclusive trading community on Bursa Malaysia Derivatives (BMD).

TSH Resources Bhd has reported a 39% fall in net profit to RM17.83mil for its first quarter ended March 31 compared to the corresponding quarter last year, due to lower crude palm oil (CPO) and palm kernel revenue.

Uzbekistan plans to gradually implement hundreds of human rights recommendations from a United Nations council, it said on Wednesday, but it made a point of refusing to decriminalise homosexuality calling it irrelevant to its society.

Malaysian palm oil futures declined in trade on Wednesday evening, tracking weakness in crude oil prices and as traders booked profit after the vegetable oil jumped to a six-week high in the previous session.

Uganda began handing over tracts of land for palm-oil production to Wilmar International Ltd.’s local unit, removing the final hurdle for an expansion project that’s been delayed for almost a decade

There are no restrictions on the use of palm oil for its intended purpose in Azerbaijan, Senior Consultant of the Risk Management Department of the Food Security Agency Ilaha Aliyeva told Trend May 23.

Malaysian palm oil futures declined in trade on Wednesday evening, tracking weakness in crude oil prices and as traders booked profit after the vegetable oil jumped to a six-week high in the previous session.

New Delhi, May 23 Crude palm oil prices drifted lower by 0.34 per cent to Rs 668.80 per 10 kgs in futures market today as speculators cut exposure, driven by easing demand at the spot market.

China’s state grain stockpiler has returned this week to the U.S. soybean market for the first time since early April, a sign Beijing is preparing to resume purchases as trade tensions between the world’s top two economies ease, two sources said. The renewed interest in the oilseed, used in animal feed, follows Beijing’s pledge at the weekend to buy more U.S. goods from its top trading partner, including agricultural products. China made the pledge to avert a trade war that could damage the global economy.

Soybean exports from Ukraine have been decreasing for a fifth straight month now, UkrAgroConsult notes.