Archived News
10-02-2022
Soybeans Resume Rise With South America Crops In Focus
PARIS/SINGAPORE, Feb 9 (Reuters) - Chicago soybean futures headed back toward an eight-month peak on Wednesday as the market awaited a U.S. government report for a latest indication on weather damage to South American crops.
10-02-2022
USDA maintains forecast for 2021-’22 soybean oil use in biofuel
The USDA maintained its forecast for 2021-’22 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 9. The 2021-’22 soybean outlook is for increased soybean crush and lower ending stocks.
10-02-2022
Indonesian 2022 CPO output could hit 49mn t: Gapki
Indonesian crude palm oil (CPO) production is expected to rise by more than 2mn t from 2021 to 49mn t this year, according the national palm oil association Gapki, its most prolific output since at least 2017.
10-02-2022
Palm oil rally continues despite several measures to check price rise
New Delhi: Despite several attempts by the Centre to cool off prices, crude palm oil has maintained its strong rally from 2021 and has risen about 10-15 per cent in the current calendar year.
10-02-2022
VEGOILS Palm eases ahead of Malaysia Jan production data
JAKARTA, Feb 10 (Reuters) - Malaysian palm oil futures fell in early trade on Thursday ahead of the country's January production data release, taking a step back after a rally triggered by a new export restriction policy by world's biggest palm oil maker Indonesia.
09-02-2022
VEGOILS Palm falls most in three weeks as weaker rival oils weigh
JAKARTA, Feb 8 (Reuters) - Malaysian palm oil futures posted their biggest single-day loss in over three weeks on Tuesday, as weaker rival oils triggered profit-taking and traders digested palm production and export forecasts.
09-02-2022
Ministry predicts palm oil prices to dip
Despite mounting pressure from high oil prices, the Commerce Ministry has found the prices of certain products such as pork are declining.
09-02-2022
CGS-CIMB: Malaysia’s palm oil stock likely fell 1.2% in January on weaker output
KUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8).
09-02-2022
Palm oil may retest support at 5,484 ringgit
SINGAPORE: Palm oil may retest a support at 5,484 ringgit per tonne, a break below which could cause a fall into 5,366-5,425 ringgit range.
09-02-2022
Palm falls most in three weeks
JAKARTA: Malaysian palm oil futures posted their biggest single-day loss in over three weeks on Tuesday, as weaker rival oils triggered profit-taking and traders digested palm production and export forecasts.
09-02-2022
Forced labour issue can hurt Sime Darby Plantation's credit quality: Moody's
KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) inability to address forced labour findings by the US Customs and Border Protection (CBP) will hurt its credit quality, said Moody's Investors Service.
09-02-2022
Malaysia’s agri-commodity under focus at Expo 2020 Dubai
The Malaysia Sustainable Agricommodity Week (Food Agricommodities), being held this week (February 7 to 12) at the World Expo 2020, Dubai, is focusing on Malaysia's important food-based agricultural commodities, namely palm oil, cocoa and pepper as well as sustainable initiatives and management in the Malaysian palm oil industry.