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KUALA LUMPUR, July 19 (Reuters) - Malaysian palm oil futures rose on Monday for a fourth session in five, as the ringgit eased and fears mounted about tightening global supplies due to a labour shortage in Malaysia and dry weather in several major edible oil producing countries.

RIO DE JANEIRO, BRAZIL – Argentina’s soybean oil exports will likely increase, driving down international prices for the product, due to a new law in the country that reduces the volume of soy-based biodiesel that is blended with regular diesel sold locally, industry officials said Monday (19)

On Tuesday, the CME Group’s farm markets run higher. At the close, the Sept. corn futures finished 15¾¢ higher at $5.71¾. New-crop Dec. futures ended 13½¢ higher at $5.65½. March corn futures closed 13¼¢ higher at $5.73.

BEIJING, July 20 (Reuters) - China’s soybean imports from Brazil edged down in June from a year earlier, customs data showed on Tuesday, as poor crushing margins weighed on demand.

Hyderabad: Agriculture Minister S Niranjan Reddy has stressed the need for oil palm production and commercial crops. He attended a virtual meeting through T Sat channel and instructed the officials concerned to encourage farmers in the State to produce oil palm. "There is a huge demand for oil production in the country. We are importing heavy quantities by spending Rs 70,000 crore," he said.

The production target for oil seeds and the area expansion target for oil palm under the National Food Security Mission (NFSM) could not be met during the last three years, according to data submitted by the government to the Lok Sabha on Tuesday.

Malaysian palm oil futures reversed early losses on Friday, logging a fourth straight weekly rise on higher exports in the first half of July and expectations of a sluggish rise in production

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to continue its upward momentum this week on higher export and weaker production expectations.

Malaysian palm oil futures firmed on Monday, extending last week's gains as labour shortage in Malaysia and dry weather in several major edible oil producing countries stoked fears about tightening global supplies.

The benchmark palm oil contract FCPOc3 for October delivery on the Bursa Malaysia Derivatives Exchange closed up 20 ringgit, or 0.49%, to 4,131 ringgit ($981.93) a tonne.

The US consumer prices increased 5.4 per cent in June from a year earlier, the highest recorded since August 2008. Excluding food and energy, core prices climbed 4.5 per cent, the highest increase since September 1991.

PETALING JAYA: Iran is looking to import one million tonnes of palm oil from Malaysia in the near future, following a significant boost in imports in the first half of this year.