Archived News

European Union soybean imports in the 2020/21 season that started last July had reached 13.17 million tonnes by May 16, data published by the European Commission showed. That compared with 13.10 million tonnes cleared by the same week last season, the data showed.

KUALA LUMPUR (May 19): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased Tuesday’s gains to end lower today, tracking the downtrend in soybean oil futures on the Chicago Board of Trade (CBOT).

On Wednesday, the CME Group’s farm markets tumble, even as China buys another huge amount of U.S. corn.

The biggest increases in soybean production this year were recorded in Italy and Romania, according to current figures published by the EU Commission.

New Delhi, May 19 (PTI) Soybean prices on Wednesday fell by Rs 66 to Rs 7,834 per quintal in futures market as participants cut down their positions on weak spot demand. On the National Commodity and Derivatives Exchange, soybean contracts for May delivery fell Rs 66, or 0.84 per cent, to Rs 7,834 per quintal with an open interest of 2,475 lots.

akarta (ANTARA) - In the framework to run the direction of the President Joko Widodo (Jokowi) regarding the Grand National Energy Strategy for energy transformation and strengthening green economy, green technology and green products, PT Pertamina (Persero) continues to prioritize various energy transition programs towards new and renewable energy by utilizing the abundant energy sources in Indonesia and optimize the infrastructures of existing business.

JAKARTA (May 18): Palm oil surged about 5% to end near a record high as soybean oil powered to its highest level since 2008 and industry participants anticipated a drop in production in second-biggest grower Malaysia.

KUALA LUMPUR, May 18 - Malaysian palm oil futures bounced back on Tuesday as lower output in Malaysia and smaller-than-expected U.S corn plantings reignited concerns over global edible oil supply.

TECHNOLOGICAL innovation is crucial to ensure sustainability and competitiveness of the country's oil palm sector. Hence, Malaysian Palm Oil Board (MPOB) continues to develop innovative technologies to be commercialised, aimed at enhancing the country's oil palm sector.

SINGAPORE: Palm oil may rise to 4,369 ringgit per tonne, as it has stabilized around a support at 4,195 ringgit.

PETALING JAYA: Investors should seize the opportunity to go long and ride this new commodity upcycle by looking into stocks with strong pricing power and attractive valuation, according to TA Research.

MUMBAI, May 18 (Reuters) - Indian farmers are likely to expand their soybean planting area by more than a tenth in 2021 as record high prices for the oilseed could prompt some to switch from cultivating competing commodities such as cotton and pulses, industry officials said.