Archived News
08-09-2021
India may cut import tax on palm oil — report
NEW DELHI (Sept 8): India may reduce its import tax on palm oil to reign in local consumer prices of cooking oil, according to an Indian media report.
08-09-2021
EU's indirect land use change approach to palm oil flawed — CPOPC
KUALA LUMPUR (Sept 7): The Council of Palm Oil Producing Countries (CPOPC) said public consultation on the European Union’s (EU) Renewable Energy Directive (RED II) is based on a false basis that had been used to continue its unfair policy and regulation of sustainable palm oil.
08-09-2021
CPO futures close higher on concerns over output
KUALA LUMPUR (Sept 7): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives resumed its upward momentum to end higher today, as concerns over output continued to lift prices higher.
08-09-2021
Plantation companies to enjoy good near-term earnings prospects
This is due to the CPO price that is expected to remain at elevated levels in the near-term and to trend down more noticeably in 2022
08-09-2021
Lower import duty likely on edible oils
India is likely to lower the effective import duty on edible oils to provide some respite to households from rising prices.
08-09-2021
India's palm oil imports hit yearly high in August: advance estimates
India's palm oil imports in August surged by about 84% from a month before, according to shipping data and advance estimates seen by S&P Global Platts, making it the largest single month purchase of palm oil in the current marketing year 2020-21 (November–October).
08-09-2021
EU soybean imports in the 2021/22 campaign fall to 2.46 million tonnes as of September 5
PARIS, Sept 7 (Reuters) – European Union soy imports in the 2021/22 season that began in July fell to 2.46 million tonnes through Sept. 5 from 2.97 million tonnes at the same time. of the previous campaign, according to data published Tuesday by the European Commission.
07-09-2021
VEGOILS-Palm oil hits 10-day closing high, rising stock forecast weighs
KUALA LUMPUR, Sept 6 (Reuters) - Malaysian palm oil futures rose for a third straight day on Monday, closing at its highest in 10 days on hopes of better demand in September, even as expectations of an increase in stocks and production capped gains.
07-09-2021
Palm oil tracks rivals higher; rising stock outlook weighs
Malaysian palm oil futures ticked up for a third straight session on Monday, tracking rival Dalian oils, although expectations of a jump in stockpile and production capped gains.
07-09-2021
CPO futures close higher on solid export data
KUALA LUMPUR (Sept 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, as export performance showed strength based on numbers by cargo surveyors, a dealer said.
07-09-2021
Palm oil may retreat into 4,155-$4,251 ringgit range
SINGAPORE: Palm oil may retreat into a range of 4,155 ringgit to $4,251 ringgit per tonne, following its failure to break a resistance at 4,358 ringgit.
07-09-2021
Strategie Grains trims EU rapeseed crop estimate
PARIS: Strategie Grains has slightly reduced its monthly forecast for this year's European Union rapeseed harvest, to 16.93 million tonnes from 17.03 million, it said in an oilseed report. The latest estimate would be 1.9% above 2020 output of 16.61 million tonnes, the French consultancy said.