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The US was still unimpressed and its focus of negotiations, before the American election, increasingly shifted to selling more farm goods to India.

Traders believe a recent move by China’s Dalian Commodity Exchange to open its palm oil futures contract to international investors should provide a certain degree of competition but it will not impact Bursa Malaysia Derivatives (BMD) in the short term.

FELDA’s takeover offer for FGV became unconditional after the collective FGV shareholding of FELDA and persons acting in concert with it rose past 50%.

Malaysia’s move to resume the crude palm oil export tax at the highest rate of 8% in January 2021 is slightly negative for crude palm oil (CPO) prices as it will curb demand for palm oil from the country, stated PublicInvest Research in a note today.

South Korea imported 745,000 metric tonnes of palm oil, up from 194,000 metric tonnes in 2005

Higher biofuels blending mandates under new European renewables legislation will offer a boon to biodiesel spot prices in 2021 after a year of poor margins caused by lockdown-related falls in road fuel demand.

The Ministry of Industry and Trade (MoIT) on December 23 held a ceremony in Hanoi to launch the Vietnam Free Trade Agreement Portal (FTAP), at fta.moit.gov.vn, to help the domestic business community make the most of the opportunities brought about by trade deals to which Vietnam is party.

Malaysian palm oil futures reversed course to jump over 3 percent on Wednesday, tracking gains in soyaoil on the Chicago Board of Trade (CBOT) as labour strikes in Argentina entered 13th day.

Cambodia and Singapore have appreciated their strong relations and good bilateral cooperation in all sectors.

In order to make the Telangana state completely self-reliant in producing edible oil, the departments of agriculture and horticulture are promoting oil palm cultivation in vast areas across the State. They have already kicked off a pilot project in some district.

The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed 3.6% higher, or 8 ringgit, at 3,536 ringgit ($870.72).

Domestic factors coupled with the sharp rally in international prices saw oilseeds and edible oils turn as top performing agri commodities in 2020.