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On August 10, Soybean November futures at Chicago plunged to 870 cents amid worries of weak oil and oil meal demand, apprehension over a trade deal between the US and China and improved crop prospects in the United States. However, it has since bounced back by nearly 200 cents to reach a multi-year high of 1,069 cents following strong imports by China and improved demand for oil meal from that country.

Palm oil analysts forecast prices hinging on biodiesel demand and the severity of the La Nina weather trend towards the end of the year and into 2021.

Palm oil prices are likely to jump in the first half of 2021, three leading industry analysts said in a webinar on Thursday, as La Nina weather pattern is set to hit edible oil supplies amid lower soybean crushing in Argentina and rising sunflower oil prices

Malaysian palm oil futures rose for a fourth straight day on Thursday as supply concerns due to wider coronavirus curbs and heavy rains provided support, while the market awaits industry outlook.

Oil prices climbed on Thursday as traders grew concerned over production disruptions in the Gulf of Mexico due to Hurricane Delta and in the North Sea due to the strike in the Norwegian oil industry.

Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.

The Moroccan Government approved on Thursday an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90 pc on 1200 Turkish goods for a five-year period

Chocolate maker Mars needs to help more palm oil producers become sustainable rather than ditching those that do not meet its standards, environmentalists said, after the confectionery giant announced it had secured “deforestation-free” supplies

Crude palm oil (CPO) prices have been on a decline in the spot market for the past 15 days. According to MCX data, the price of CPO, which was at ₹811.30 for a 10-kg unit in the spot market on September 21, came down to ₹777.90 on October 1, and traded at ₹773.30 on October 7.

Argentinian soybean crushing industry has been operating well below its potential due to the currency crisis, Thomas Mielke, executive director of Hamburg-based forecaster Oil World, said at the Globoil India webinar Oct. 8.

Vijayawada: With high returns and growing demand for the palm oil in the domestic and international market, oil palm cultivated area doubled in coastal districts of Andhra Pradesh during the last 10 years.

India also feels the flexibility shown by it in further opening up to foreign investments in dozens of sectors in recent years should be considered positively by the EU