Archived News

Chicago soybean futures edged lower on Tuesday, shedding some of the previous session’s gains, on improved weather in top exporter Brazil, although strong demand for U.S. exports curbed losses.

Brazil's National Council for Energy Policy, or CNPE, decided Dec. 19 to increase the country's biodiesel mandate to 14% (B14) as from March 2024, and ruled out a previous measure that would allow biodiesel imports to fulfil the mandatory mixture into diesel next year.

NEW DELHI (Dec 19): Malaysian palm oil futures rose for a fourth straight session on Tuesday, fuelled by lower inventories and mounting concerns over dry weather conditions shrinking output in top producing countries.

KUALA LUMPUR, Dec. 19 (Xinhua) -- Malaysia's exports contracted 5.9 percent year on year to 122.1 billion ringgit (26.08 billion U.S. dollars) in November, official data showed Tuesday.

JAKARTA, Dec 19 (Reuters) - Indonesia, the world's biggest palm oil producer, exported 3.00 million metric tons of palm oil products in October, down 31% from the same month last year, data from Indonesian Palm Oil Association (GAPKI), showed on Tuesday.

NEW DELHI: Malaysian palm oil futures settled higher on Monday as falling inventories and concerns over output due to dry weather conditions pushed up prices.

Malaysian experts are partnering Nigeria stakeholders to increase production of oil palm estimated at 1.4 million metric tonnes (MT) yearly.

CHICAGO, Dec 18 (Reuters) -Chicago Board of Trade soybean futures ended higher on Monday as good export demand and expectations for higher soy product export taxes in Argentina offset market pressure from recent beneficial rains in dry areas of Brazil.

Growth in the export of soyabean meal and rapeseed meal has helped India register a 21.04 per cent increase in the overall export of oilmeals during April-November of the current financial year.

A few years back, the European Union (EU) agreed that palm oil, mainly from Indonesia and Malaysia, should not be allowed to enter Europe’s market, which was detected as having environmental effects, ranging from pollution to illegal logging. EU enacted its regulation by signing the European Union Deforestation-Free Regulations (EUDR). In addition, some statements also said that Indonesia is a ‘killer.’

When the Roundtable on Sustainable Palm Oil (RSPO) was set up two decades ago, as the palm oil industry struggled in the wake of Southeast Asian forest fires that provoked global outrage, reining in tropical forest losses was a top priority.

MUMBAI, Dec 15 (Reuters) - India's palm oil imports in November jumped nearly 23% from the previous month to hit their highest in three months as refiners preferred the tropical oil over rival soyoil and sunflower oil due to steep discounts, a leading trade body said on Friday.