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KUALA LUMPUR: Malaysian palm oil futures climbed more than 3% to hit a six-week high on Thursday, lifted by higher exports so far in July, while dry weather and a labour shortage hitting global production of vegetable oils also boosted sentiment.

HOUSTON (ICIS)--Brazil will set the obligatory blending mandate of biodiesel into diesel at 12% for the country's next biodiesel auction, according to an order from the country's National Council for Energy Policy (CNPE) approved by President Jair Bolsonaro.

CHICAGO, July 15 (Reuters) - The U.S. soybean crush fell to a two-year low in June and missed all trade estimates, while soybean oil stocks thinned to the lowest in eight months, according to National Oilseed Processors Association (NOPA) data released on Thursday.

China’s soybean stocks rose to their highest level since October 2020 last week, as a rebound in the pace of crushing still lagged behind an increase in the import volumes of beans in July, data from the China National Grain & Oil Centre Information (CNGOIC) showed Thursday.

KUALA LUMPUR (July 15): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continues its upward momentum to end higher today on lingering concerns over lower output, dealers said.

KUALA LUMPUR, July 16 ― Bursa Malaysia opened higher but retreated shortly after, prompted by profit-taking in almost all indices across the board.

Hyderabad: In the wake of growing demand for palm oil in the world market, the Telangana Government proposes to give a big push to oil palm cultivation in the State. It is likely to give huge incentives, including subsidies to the farmers.

KUALA LUMPUR (July 14): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its gains to end higher today in line with the Chicago Board of Trade (CBOT) soybean futures on concerns of lower outputs.

New Delhi, Jul 14 (PTI) The government on Wednesday said crude palm oil imports have risen nearly 10 per cent to over 20.91 lakh tonnes so far this fiscal, and the customs department is ensuring that there is no clogging at the ports and import clearance is given about 3-4 days.

PETALING JAYA: Turkish President Tayyip Erdogan has met with International Trade and Industries Minister Datuk Seri Azmin Ali, the Malaysian Turkish Embassy tweeted.

AFTER reporting its third-highest profit of RM94.89 million for the financial year ended Jan 31, 2021 (FY2021), Johor-based planter Kim Loong Resources Bhd is confident of delivering another year of strong performance in FY2022, riding on the commodity boom and high crude palm oil (CPO) prices, which have risen 59% from a year ago.

On Wednesday, the CME Group’s farm markets run higher, as investors eye dry weather forecasts. At the close, the Sept. corn futures finished 17¼¢ higher at $5.68¼. New-crop Dec. futures ended 18¢ higher at $5.58½. March corn futures closed 17¾¢ higher at $5.66½.