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Leading stock exchange NSE on Monday said it will launch its first agricultural commodity futures contract for crude degummed soybean oil on December 1.

KUALA LUMPUR: Palm oil exports rose 4 per cent month-on-month (mom) and 2 per cent year-on-year (yoy) to 1.67 million tonnes in October due mainly to stronger demand from India, Pakistan and the US.

Brazilian soybean production for the 2020-21 crop year (September-August) is estimated to hit an all-time high on higher acreage and productivity, Brazil’s national agricultural agency Companhia Nacional de Abastecimento (Conab) said Nov. 10, despite a late start to the planting process.

KUALA LUMPUR (Nov 10): Malaysia's palm oil inventories in October slumped to their lowest in more than three years, down 8.6% on-month, on lower production and as seasonal buying from key importer India lifted exports, according to an industry regulator on Tuesday.

KUALA LUMPUR: The global demand for palm oil is expected to contract by 4% or 3.2 million tonnes due to the impact from Covid-19, which has mainly affected the food sector, the Malaysian Palm Oil Council (MPOC) said today.

KUALA LUMPUR, Nov 10 (Reuters) - Malaysia’s palm oil inventories in October tumbled to their lowest since June 2017, contracting 8.6% from the month before to 1.57 million tonnes, according to industry regulator the Malaysian Palm Oil Board (MPOB) on Tuesday.

PETALING JAYA: A prolonged labour shortage in the oil palm plantations nationwide is expected to trigger a larger-than-expected drop in crude palm oil (CPO) output both this year and next year, say analysts.

West Africa-focussed agriculture company Dekel Agri-Vision updated the market on its production for the wholly-owned palm oil project at Ayenouan in Côte d'Ivoire for October on Tuesday, reporting that crude palm oil production and sales prices increased 19% and 28% year-on-year, respectively, to 1,818 tonnes and €636 per tonne.

A biodegradable film made from waste from the palm oil industry could be used for food packaging Plastic pollution is a pressing environmental concern of the twenty-first century. So is the palm oil industry, which is linked to widespread deforestation and habitat destruction. Research published in Current Research in Green and Sustainable Chemistry may be able to put a dent in both issues, with a biodegradable plastic film made from palm oil production waste.

Element AI, a global developer of artificial intelligence-powered (AI) solutions and software, today announced a collaboration with PemPem, a company that develops mobile-based enterprise resource planning technology for paper-based and informal supply chains. PemPem will integrate Element AI Document Intelligence features into its platform to assist Indonesian palm fruit traders (farmers, transporters, aggregators and processors) in verifying sales transactions. The technology will also help create a more sustainable palm oil supply chain in the region.

In the futures market, Crude Palm Oil (CPO) for November delivery touched an intraday high of Rs 886.90 and an intraday low of Rs 878.80 per 10 kg on the MCX index.

KUALA LUMPUR (Nov 10): Sime Darby Plantation Bhd (SDP) has appointed PricewaterhouseCoopers (PwC) and an independent international NGO specialising in migrant worker rights to further strengthen its human rights commitments and compliance.