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Higher soybean and corn export values led the U.S. Department of Agriculture to raise its fiscal year (FY) 2021 agricultural export forecast to $152.0 billion, up $11.5 billion from the August forecast.

SINGAPORE/BEIJING (Reuters) - Some Chinese soybean importers and processors are looking to cancel deals signed for U.S. cargoes for December and January shipment, after crushing margins collapsed following a steep rally in Chicago futures, three trade sources said.

KUALA LUMPUR: Malaysian palm oil futures ended 1pc higher on Wednesday despite a slump in November exports, boosted by higher crude and tracking a rally in competing edible oils due to concerns over global supplies.

China will step up efforts to expand the free trade area network across the world to enlarge its “circle of friends”, according to China’s Commerce Minister Zhong Shan.

In May next year, prime minister Narendra Modi will meet the heads of 27 member nations of the European Union (EU) bloc in Portugal, which will head the EU Council for six months beginning 2021. Portugal’s foreign minister, Augusto Santos Silva, announced the news during a virtual conversation organised by think tank Carnegie India with Indian foreign minister, S. Jaishankar, on November 23.

KUALA LUMPUR (Nov 24): The palm oil industry seems to have quickly adapted to the new norm and new business model driven by the Covid-19 scenario after experiencing a slowdown in exports and prices in the first quarter of 2020 due to the pandemic.

KUALA LUMPUR, Nov 24 — The Council of Palm Oil Producing Countries (CPOPC) is crying foul over an article published by the Associated Press (AP) titled “Rape, abuses in oil palm fields linked to top beauty brands” on November 18.

KUALA LUMPUR: The easing of the Covid-19 lockdowns in most countries and resumption of economic activities will translate into more demand for palm oil, said Malaysian Palm Oil Board (MPOB) director-general Dr. Ahmad Parveez Ghulam Kadir.

Italy's palm oil imports fell on the year in September as works at hydrotreated vegetable oil (HVO) plants reduced demand.

KUALA LUMPUR: The Secretariat of the Council Palm Oil Producing Countries (CPOPC) has questioned selective reporting by Associated Press (AP), saying statements from a few unconfirmed interviews were selected as an intentional slur to harm the image of palm oil as a whole.

JAKARTA: Indonesia's palm oil exports are estimated at 36.1 million tonnes for this year, official data from the country's Estate Crop Fund showed on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures fell on Tuesday for a third session in four, as cargo surveyor data showing lean November exports stoked demand concerns while losses in rival edible oils also weighed on the market.