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Government sources said one of the other key aims of the move is to harness domestic edible oil prices that are dictated by expensive palm oil imports.

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives finished the week mostly higher today after volatile trading from lower Malaysian Palm Oil Association (MPOA) production data.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

SINCE the start of the year, the plantation sector, as measured by the Kuala Lumpur Plantation Index (KLPI), has underperformed the FBM KLCI by 8.4%, as the former is down 16.5% year-to-date while the latter is lower by 8.1% for the same period.

KUALA LUMPUR: Malaysian palm oil futures edged higher on Friday, underpinned by a forecast for a decline in July production, although the contract was set for its first weekly loss in seven.

Pontianak, West Kalimantan (ANTARA) - Palm and rubber commodities remain the mainstay for West Kalimantan’s businesses amid the COVID-19 pandemic, according to Prof. Dr Eddy Suratman, academic for economic studies of Tanjungpura University in Pontianak, West Kalimantan.

Argentina and Brazil’s FOB soybean oil basis levels rose to more than two-month highs, amid steady demand for exports and local biodiesel blending as well as transportation bottlenecks in Paraná river.

BEIJING, Aug 7 (Reuters) - China’s soybean imports fell in July from the same period the previous year, customs data showed on Saturday, as poor crushing margins weighed on demand.

CANBERRA, Aug 9 (Reuters) - U.S. soybean futures edged lower amid broad weakness in commodity markets on Monday, although losses were checked by strong Chinese demand.

The looming supply risk factors will likely see crude palm oil (CPO) price stay firm at the RM3,500 to RM4,000 per tonne range this month.

Global food commodity prices fell in July for the second consecutive month, according to a benchmark United Nations report released today.

Malaysian palm oil futures ended lower on Thursday, following sharp gains in the previous session, pressured by weaker rival soyoil and forecasts of a rise in July stockpiles