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The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday due to profit-taking activities after three consecutive days of gains

The answer could be with the support at 3,761 ringgit, a break below which will confirm the pattern.

The government is likely to review the surging edible oil prices and announce relevant measures soon, reports suggest. In the wake of the increasing price, the government considers to ‘cut import duty’ on the edible oil, the Economic Times reported quoting sources.

Malaysian palm oil futures fell on Thursday after three straight sessions of gains, as weaknesses in rival vegetable oils and crude oil weighed on the market.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its rally to end higher for the third consecutive day, boosted by stronger soybean oil performance on the US Chicago Board of Trade (CBOT) and firmer crude oil prices.

Malaysian Palm Oil Board (MPOB) is focusing on four priority research areas – yield performance, sustainable development, mechanisation and automation, as well as food safety and nutrition – in an effort to improve the oil palm industry’s efficiency and productivity.

Palm oil production has been a major contributor to deforestation in tropical regions, including Indonesia, driven by global demand for this cheap and versatile vegetable oil.

The exports of vegetables products from the country witnessed decrease of 7.05 percent during eight months of financial year 2020-21 as compared to the corresponding period of last year.

THE release early this month of Greenpeace’s report Certified: Destruction, which was critical of the certification systems for forest and ecosystem risk commodities, has shifted the focus to the role of certification on the sustainability agenda.

Brazilian Biodiesel Auction (L79), which started on April 5, was suspended suddenly April 6 by the Brazilian National Agency of Petroleum, Natural Gas and Biofuel, ANP without any conclusion, which market sources suspect could be due to the record high price for the B100.

Current high crude palm oil (CPO) prices will not be able to sustain for long based on its historical trends, said Moody's Investor Services.

Palm oil advanced to the strongest level since March 25, buoyed by robust shipments from second-biggest grower Malaysia before the Ramadhan festival, and a rally in soybean oil futures