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New Delhi, Nov 7 (PTI) Crude palm oil were up by 0.49 per cent to Rs 553.60 per 10 kg in futures trading today as traders built up fresh positions, taking positive cues from the spot market on pick up in demand

KUALA LUMPUR (Nov 7): The Malaysian Palm Oil Certification Council (MPOCC) has expressed concern over the Sabah Forestry Department’s decision to seek the Roundtable on Sustainable Palm Oil (RSPO) certification for sustainably cultivated palm oil.

KUALA LUMPUR (Nov 7): Malaysian palm oil futures rose in early trade on Tuesday, on track to snap three earlier losing sessions, as palm gained on overnight strength in Chicago Board of Trade's (CBOT) soyoil.

Palm oil on the European vegetable oils market eased on Friday on expectations for a rise in Malaysian palm oil production and because of a technical dip in rival CBOT soyaoil futures. Asking prices for palm oil were between unchanged and $7.50 a tonne down after Malaysian palm oil futures closed between 11 and 20 ringgit per tonne lower.

Palm oil is an edible vegetable oil extracted from the reddish pulp of the oil palms. Sustainable Palm oil is naturally reddish in color because it has the component of high beta carotene. Sustainable palm oil means the palm oil which is manufactured under the guidance and rule of the Roundtable on sustainable palm oil (RSPO). To produce certified sustainable palm oil, manufactures has to follow the environmental and social criteria set by RSPO. It can also be kept in the room temperature. Palm oil also contains very little cholesterol. It is also used in products where animal fats are not accepted for the religion issues. It has been noticed that the palm oil is used in several industries to make the ultimate product. Those industries are also growing. So the demand of the palm oil will be more. So the market will expand very fast in the stipulated period of time.

None of the palm oil producing governments have yet made any statement in the European media about the EU’s plan to ban biofuels from palm oil. This op-ed by Malaysia’s Datuk Seri Mah Siew Keong explains why the EU’s palm oil policies can prove to be dangerous.

Fall grain harvest in the county has been underway for some time now. Harvest weather has been mostly good until recently when wet weather set in.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 7.

KUALA LUMPUR: Malaysian palm oil futures slid on Monday evening, charting a third consecutive day of losses as sentiment turned bearish over expectations of rising production and end-stock levels.

KUALA LUMPUR: The listing reference prices of Sime Darby Plantation Bhd (SD Plantation) and Sime Darby Property Bhd (SD Property) will be 60%-68% and 16%-19%, respectively, of Sime Darby Bhd

KUALA LUMPUR (Nov 6): Palm oil inventories in Malaysia probably climbed to the highest since January 2016 last month as output in the world’s second-largest producer rose.

Palm oil traders and speakers attending the Indonesian Palm Oil Conference in Bali over November 1-3 were concerned about low yields from palm oil trees in 2017 -- a year following the El Nino of 2016 -- and the moratorium on palm oil plantation expansions.