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BASF reached a milestone on its path toward sustainable palm. The company achieved its commitment to procure palm (kernel) oils exclusively from sources certified by the Roundtable on Sustainable Palm Oil (RSPO) by 2020. Last year, BASF purchased 227,213 metric tons of certified sustainable palm (kernel) oil representing 100% of its total volume as RSPO certified. BASF also made further progress in developing transparent supply chains: The company was able to trace almost 95% of its global palm footprint, totaling 441,107 metric tons, back to oil mill level.

KUALA LUMPUR (March 4): Malaysia's palm oil inventories at the end of February likely rose for a second straight month to touch 1.42 million tonnes, as production picked up for the first time in five months, a Reuters survey showed on Thursday.

Wipro arm says freight rates also hurt Wipro Consumer Care & Lighting said a dramatic increase in palm oil prices in the global markets, coupled with unusually-high freight charges during the pandemic, has led to an 8% increase in soap prices.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger overnight soybean oil price on the Chicago Board of Trade.

SINGAPORE: Palm oil may bounce into a range of 3,713-3,752 ringgit per tonne before falling, as suggested by its wave pattern and a projection analysis.

PARIS: European rapeseed futures rose 2.5% on Thursday as signs of tightening stocks in the European Union helped the contract rally for an eighth straight session, while wheat traded flat.

KYIV- Most Ukrainian winter grain crops are in excellent condition thanks to favourable weather that could lift the 2021 harvest to a record high above 75 million tonnes, a senior government official said on Thursday.

HAMBURG: The lowest offer in Thursday's international tender by Egypt's GASC to purchase at least 30,000 tonnes of soyoil was estimated at $1,183 a tonne c&f for immediate payment terms, traders said.

KUALA LUMPUR- Malaysian palm oil futures on Thursday rose for a second straight session on the back of strength in rival soyoil, although gains were capped by expectations of a rise in February-end inventories and production.

KUALA LUMPUR: A total of RM30mil of the collection from the palm oil cess that has increased by RM2 to RM16 from RM14 per tonne will complement the RM30mil matching grant allocated to the industry by the government under Budget 2021.

KUALA LUMPUR (March 3): Malaysia’s palm oil stocks likely grew 7.6% month-on-month (m-o-m) to 1.43 million tonnes at end-February due to a slower decline in production compared to exports, according to CGS-CIMB.

KUALA LUMPUR: CGS-CIMB Research expects crude palm oil (CPO) price to trade at between RM3,200 and RM3,700 per tonne in March 2021.