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The government on Wednesday set the retail price of soya bean oil at Tk 135 a litre, the same price at which the essential commodity is retailing on the local market after the recent surge in its price.

Staff Reporter : The government has increased the maximum retail prices for soyabean and palm oil with immediate effect to control the soaring trend of prices in the domestic market.

The US soybean crush hit an all-time high January volumes and second-highest monthly level ever on robust domestic demand, coupled with tight supplies from South America, market sources told S&P Global Platts Feb. 17.

Despite some volatile trading days, speculators have not largely altered their unusually bullish views in Chicago corn over the last month, though they had turned a little friendlier toward beans in the latest week.

KUALA LUMPUR, Feb 18 - Malaysia has kept its March export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Thursday.

Malaysian palm oil product exports for February 1-15 rose 27.4% to 530,545 tonnes from 416,565 tonnes shipped during January 1-15, cargo surveyor Intertek Testing Services said.

SINGAPORE: Palm oil may test a resistance at 3,752 ringgit per tonne, a break above which could lead to a gain into a range of 3,801-3,834 ringgit.

SINGAPORE, Feb 16 - Malaysian palm oil futures climbed on Tuesday, tracking gains in rival soyoil on the Chicago Board of Trade (CBOT), although higher tariffs imposed by top buyer India weighed on the market.

Malaysian used cooking oil (UCO) exports hit a record high of 456,000t last year, up by 42pc from 321,000t in 2019, customs data show. Exports were boosted by rising demand from Europe and Malaysia's emergence as a hub for regional volumes.

Thailand’s plan to make E20 gasohol as the primary petrol in the country has been postponed indefinitely. It had been announced at the start of 2020 that the country would begin widespread adoption of the fuel – which is composed of 20% ethanol blended with 80% unleaded gasoline 95 petrol – last year as a replacement for E10 (gasohol 91), but the appearance of the Covid-19 pandemic changed the course of things.

The new ASEAN–EU Strategic Partnership announced on 1 December 2020 marks a turning point in the relationship between the two regional organisations — not only has the donor–recipient dynamic of previous decades disappeared, but now the European Union may need ASEAN more than ASEAN needs the European Union.

PARIS: European Union soyabean imports in the 2020/21 season that started last July had reached 9.17 million tonnes by Feb. 14, data published by the European Commission showed on Monday. That compared with 8.85 million tonnes cleared by the same week last season, the data showed.