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KUALA LUMPUR, March 16 (Reuters) - Malaysian palm oil futures reversed early gains on Tuesday and ended a nine-day rally, dragged by weaker prices of rival soyoil and expectations of a sharp recovery in production.

Malaysia is turning into a net importer of used cooking oil (UCO) rather than net exporter, on supply reductions and rising domestic demand.

New Delhi — The US soybean monthly crush plunged to an 17-month low in February due to the country's cold snap, market sources told S&P Global Platts March 16.

Aemetis has announced that its Universal Biofuels subsidiary in Andhra Pradesh state of India has been selected to supply approximately 800,000 gallons per month of biodiesel to fuel public transport buses in the region.

THE price of crude palm oil (CPO) peaked at RM4,247.50 per tonne on Monday, an all-time high in the country’s palm oil industry history, compared to RM4,193 per tonne last Thursday, which was the highest in 13 years.

SINGAPORE: Palm oil may retreat into a range of 4,008 ringgit to 4,048 ringgit per tonne before resuming its uptrend.

Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to remain range-bound with a downward bias this week as traders anticipate a weaker export phase in the coming weeks owing to recent high prices.

The government increased prices of edible oil yesterday, less than a month after doing the same citing price hike in the international market.

HAMBURG: Iran's state purchasing agency the Government Trading Corporation (GTC) has issued international tenders for the purchase of 30,000 tonnes of soyoil, 30,000 tonnes of sunflower oil and 30,000 tonnes of palm olein oil, European traders said on Monday.

The Ministry of Commerce has decided to raise the prices of edible oil to keep pace with the international market and stave off any volatility ahead of Ramadan.

Bangladesh government has set the prices of edible oil for a second time, raising them by Tk 2-6 a litre from the previous prices.

(MENAFN - UkrinForm) Bilateral trade between Malaysia and Ukraine increased by 6.4% in the first 11 months of 2020 and amounted to $310 million, despite the coronavirus pandemic, Ambassador of Malaysia to Ukraine Raja Reza Raja Zaib Shah has said in an exclusive interview with Ukrinform.