Archived News

CANBERRA — U.S. soybean futures edged higher on Wednesday as worries about adverse weather in Brazil stoked concerns about global supplies.

ZURICH, March 1 — Swiss voters will decide on a free trade agreement (FTA) with Indonesia on Sunday, with lower tariffs on palm oil imports the main issue in what the polls predict will be a tight referendum.

SINGAPORE: Palm oil may fall into a range of 3,624-3,673 ringgit per tonne, as it could have completed a bounce from the Jan. 20 low of 3,160 ringgit.

KUALA LUMPUR: Malaysia's trade report in January provides renewed optimism that a trade-led rebound has not been weighed down by the movement curbs, which still allow essential manufacturing sectors to operate, Moody's Analytics said.

The USDA says 2020’s domestic soybean crush was up 6% from 2019 at 66,223,435 tons.

On Monday, the CME Group’s farm markets close lower, following a double-digits higher start.

BEIJING/SHANGHAI: China's soybean futures on the Dalian Commodity Exchange hit a record high on Monday, on tight supply and as some farmers are expected to reduce soy acres in favour of corn on higher profit potential.

KUALA LUMPUR: Malaysian palm oil futures rose to a seven-week high on Monday on the back of a rally in rival oilseeds, but cargo surveyor data showing a decline in February exports capped gains.

KUALA LUMPUR: Exports of Malaysian palm oil products for February fell 8.15% to 1,000,854 tonnes from 1,089,702 tonnes shipped during January, according to independent inspection company AmSpec Agri Malaysia on Monday.

PETALING JAYA: Sime Darby Plantation Bhd (SDP) has established an expert stakeholder human rights assessment commission and has appointed ethical trade consultant, Impactt Ltd as its third-party assessor, to conduct a comprehensive evaluation of SDP’s labour practices across its Malaysian operations.

KUALA LUMPUR, March 1 - Malaysian palm oil futures climbed on Monday to a seven-week high, tracking strength in rival soyoil and crude, although cargo surveyor data showing a decline in February exports weighed on the market.

HIGHER crude palm oil (CPO) prices in the second half of 2020 contributed to an improvement in Golden Agri-Resources' revenue and profits for its H2 FY2020 ended December. Golden Agri said prices are likely to be sustained throughout this year, which could in turn translate to higher revenue.