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KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures inched up on Tuesday, underpinned by concerns over supply of rival edible oils, but a fresh coronavirus lockdown in Malaysia and a slow rise in May exports hurt demand outlook.

India’s palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin.

Islamabad- May 31st, 2021: The Council of Palm Oil Producing Countries (CPOPC) expressed its disappointment over the notification of the Kingdom of Belgium to the European Commission which proposed a ban on palm oil as a renewable source of biofuel in the near future. The CPOPC, which comprises of Indonesia and Malaysia, and soon of the countries of Colombia, Ghana, Honduras and Papua New Guinea, reminded Belgium of the key economic and social development role that the palm oil plays in the development of these countries and in meeting the UN SDGs.

MALAYSIA’S palm oil and glove exports will suffer a minimal impact should Canada decide to ban the import of the products following allegations of forced labour practices in the industries.

GENEVA: The World Trade Organization (WTO) agreed yesterday to establish an expert panel to resolve a row between Malaysia and the European Union (EU) over rules affecting the consumption of palm oil-based biofuels in the bloc.

KUALA LUMPUR (May 28): Canada is investigating allegations of forced labour in Malaysia's palm oil and glove manufacturing industries, the government said on Friday.

A milestone has been achieved! The crude palm oil (CPO) spot prices reported by the Malaysian Palm Oil Board have averaged close to RM4,050 per tonne in the first five months of this year. It hit an all-time record peak of RM4,773.50 per tonne, which crowned this good run on May 18.

FGV Holdings Bhd (FGV) narrowed its net loss by 75.1% year-on-year (YoY) to RM35.42 million for the first quarter ended March 31(1Q21) as revenue increased 21.9% YoY to RM3.39 billion supported by higher crude palm oil (CPO) price and improvement in all its sectors.

China has approved trading of crude oil and palm oil options on the Shanghai International Energy Exchange and the Dalian Commodity Exchange respectively, its securities regulator said on Friday, adding to a range of products open to foreign participants for trading.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading with a downside bias next week, ahead of the release of production, stocks and exports data.

The China Securities Regulatory Commission (CSRC) has given the green light to the trading of crude oil and palm oil options and approved the introduction of overseas investors in the trading, according to a CSRC announcement on Friday.

KUALA LUMPUR: FGV Holdings BhdDescription: https://cdn.thestar.com.my/Themes/img/chart.png’s net losses narrowed sharply to RM35.42mil in the first quarter ended March 31,2021, as its revenue increased on higher crude palm oil (CPO) prices.