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GLOBAL demand and export for palm oil products will see a strong recovery from April to June 2021, mainly shipped to India and China, both of which are severely under-stocked at the moment, a palm oil analyst said.

Malaysia's palm oil inventories likely inched higher by the end of March as production advanced for the first time in six months, though a surge in exports kept supply tight, a Reuters survey showed on Monday.

Malaysian palm oil futures rose nearly 1.5% on Monday to hit a one-week high, tracking strong rival soyoil and on expectations of sustained tight supply.

Malaysia's crude palm oil (CPO) exports are expected to hit 5.5 million mt in 2021, soaring 24.4% from 2020 levels, as Malaysian CPO became more competitively priced after Indonesia revised its export duty structure, Malaysian Palm Oil Council CEO Wan Zawawi Wan Ismail said April 5.

THE Malaysia Digital Economy Corp (MDEC) and CIMB Islamic Bank Bhd have signed a memorandum of understanding (MoU) on extending an extensive microfinancing programme with an allocation of RM25 million as initial funding package to catalyse the Digital Agriculture Technology (Digital AgTech) in Malaysia.

THE impact of the withhold release orders (WROs) issued by the US Customs and Border Protection (CBP) on Sime Darby Plantation Bhd (SDP) and FGV Holdings Bhd is expected to be minimal as investors have discounted much of the bad news.

Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July.

According to the Economic and Social Survey of Asia and the Pacific 2021, the developing Asia Pacific region experienced a 1% contraction in gross domestic product in 2020, when the equivalent of 140 million full-time jobs were lost, and another 89 million people were pushed back into extreme poverty.

Even before the 16 billion buck sugar scam had melted on the public tongue, the spectre of a horrific health scare has now risen to envelop the people’s wellbeing in a toxic shroud

Crude palm oil futures rose to settle at Rs 1,094 per 10 kg on April 1 as participants trimmed their position as seen by the open interest. Malaysian palm oil futures marginally gained 0.05 percent to settle at 3,739 Ringgits on Bursa Malaysia Bhd.

Turkish exporters have seen a noteworthy surge in their sales to the United Kingdom from January through March this year following the signing of a post-Brexit free trade agreement (FTA).

Chicago corn futures edged higher on Monday, hovering around their highest since 2013, while soybeans gained 1% with concerns over global feed grain supplies underpinning prices.