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World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.

Malaysian palm oil futures eased for a third straight session on Thursday, pressured by profit-taking and position-squaring ahead of official data release, but a weaker ringgit and production constraints underpinned prices.

A strengthening US dollar could put a spoke in the wheel of the global commodity rally in the second half of the year, say analysts.

Palm oil, the world’s most consumed vegetable oil, leads the pack as a sustainable agri-commodity in meeting the UN Sustainable Development Goals(SDGs) and also contributes towards agricultural development, food security, nutrition, sustainable food production, and conservation of biodiversity in producing and consuming countries.

KUALA LUMPUR: Boustead Holdings BhdDescription: https://cdn.thestar.com.my/Themes/img/chart.png is weighing options for its listed palm oil subsidiary including a sale, according to sources.

KUALA LUMPUR: Malaysian palm oil futures closed more than 1% lower on Wednesday, extending losses for a second consecutive session, as the market tracked rival Chicago soyaoil’s overnight slump after forecast for wet weather in the US growing areas eased concerns about unfavourable crop conditions.

Malaysian palm oil futures fell on Wednesday, declining for a second consecutive session, after rival Chicago soyoil slumped overnight as improving U.S crop weather conditions eased concerns over global supply.

The recent removal of curbs on refined palm oil, palmolein imports put them at a disadvantage The June 30 notification by the Directorate General of Foreign Trade (DGFT) easing the curbs on import of RBD (refined, bleached and deodorised) palm oil and palmolein oil has not gone well with the Indian edible oil refiners, as they feel imported refined oils will be 6-7 per cent cheaper than the ones refined at the domestic refineries.

07.07.2021 (www.thehindubusinessline.com) - Indian importers have requested to regulate imports In order to rein-in the rising prices of edible oils and augment availability especially during the upcoming festival season – August to October – the Government has lifted the restriction on import of refined palm oils and reduced the rate of customs duty.

KUALA LUMPUR- Malaysian palm oil futures closed more than 1% lower on Wednesday, extending losses for a second consecutive session, as the market tracked rival Chicago soyoil's overnight slump after forecast for wet weather in the U.S. growing areas eased concerns about unfavourable crop conditions.

Germany’s wheat and rapeseed harvests are expected to increase in 2021 as rain helped crops recover from a hot, dry start to the summer, the association of German farmers said.

Bioenergy from crops is a sustainable alternative to fossil fuels. New crops such as energycane can produce several times more fuel per acre than soybeans. Yet, challenges remain in processing the crops to extract fuel efficiently.