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Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak demand as partial data showed a sharp decline in January exports

Malaysian palm oil futures climbed 1% on Wednesday, recovering from two straight sessions of falls, as rival soyoil prices jumped after a widely watched U.S. report cut its forecast for soybean supplies.

Malaysian used cooking oil (UCO) and palm oil mill effluent (POME) collections face potential curbs under new Covid-19 lockdown restrictions coming into effect today.

The cost of US tariffs on China has far exceeded any benefits derived from them, so the incoming administration in Washington should roll them back, a major American business group said on Monday as the United States' trade chief advised President-elect Joe Biden to retain the punitive measures on China

Telangana, which is on a drive to promote oil palm acreage, has decided to set up a committee to calculate the cost of production to grow the edible oil plantation and ways to support the farmers.

Sime Darby Plantation Bhd (SDP) will strive to do its best to counter the allegations of forced labour in its production process and restore its reputation among its customers worldwide

Malaysian palm oil futures ended 2.5% lower on Tuesday, hitting a one-week low on concerns of weak demand as partial data showed a sharp decline in January exports.

After Malaysia’s crude palm oil (CPO) inventory declined to a three-and-a-half-year low of 1.26 million tonnes in December 2020 from 1.56 million tonnes in November, analysts believe a seasonal production uptick, coupled with weaker export demand, will help replenish stocks and consequently drive prices down.

“We have gone through the MCO 1.0 phase in March 2020 and today we have been through it for almost one year. Of course, we have learned the best way for us to manage the plantations more prudently.

World food prices rose for the seventh consecutive month in December, led by dairy products and vegetable oils, the Food and Agriculture Organization (FAO) of the United Nations reported.

Chicago corn jumped 4% on Wednesday to a 7-1/2-year high and soybeans climbed to their loftiest since June 2014 after a widely watched U.S. report reduced its forecast for global supplies.

The EU-China Comprehensive Agreement on Investment has implications for the Quad as well since it will now be seen whether the US takes the lead to discuss a new China policy with the Quad countries, including India, or goes it alone, leaving each of them to make their own deals with China