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Soybeans were higher on commercial and technical buying. China bought 132,000 tons of new crop U.S. beans, despite reports Monday Beijing had ordered a pause in purchases from the U.S. China is also reportedly buying beans from Brazil as a hedge against the current political tensions with the U.S. over Hong Kong, coronavirus, and questions about purchases under the Phase One trade agreement. As of Sunday, 75% of this year’s crop is planted with some areas expected to wrap up in the next few days. Barcharts currently projects a yield of 48.8 bushels per acre. The USDA’s next set of supply and demand numbers is out June 11th. Soybean meal and oil followed beans higher. Oil had additional support from the higher overnight move in palm oil and higher trade in crude oil.

PARIS: European Union soybean imports in the 2019/20 season that started last July had reached 13.83 million tonnes by May 31, official EU data showed on Tuesday.

KONTAN.CO.ID - JAKARTA. Pemerintah Indonesia menaikkan tarif ekspor crude palm oil (CPO) atau minyak sawit dari US$ 50 per ton menjadi US$ 55 per ton. Tarif pungutan tersebut dikenakan kepada pelaku usaha perkebunan kelapa sawit yang melakukan ekspor komoditas perkebunan kelapa sawit, CPO, dan/atau turunannya.

InfoSAWIT, JAKARTA - Petumbuhan ekonomi dan konsevasi lingkungan merupakan indikator keberlanjutan yang penting bagi sektor sawit di Indonesia saat ini. Dua kepentingan ini tidak dapat dielakkan dan saling berkompetisi dalam pengembangan sektor sawit di Indonesia.

KUALA LUMPUR: Malaysian palm oil futures rose to their highest level in nearly two months on Monday, supported by a rise in May exports and optimism over a recovery in demand.

KUALA LUMPUR, June 1 - Malaysian palm oil futures firmed on Monday, tracking gains in rival soyoil and on hopes that export data due later in the day will show a rise in May shipments.

KUALA LUMPUR, June 1 — India’s vegetable oil imports are likely to surge to 1.14 million metric tonnes (MT) this month against the April-May monthly average of 865,000 MT, said Indian Vegetable Oils Producers Association (IVPA) president Sudhakar Desai said.

NEW DELHI – Following are the highlights of trading in edible oil markets today:

The Indonesian government has increased its export levy on palm kernel shell (PKS) to a record $15/t, from $10/t.

NEW DELHI – The government has set up an inter-ministerial committee to consider sale of edible oil only in packaged form in retail markets, primarily to ensure quality, a government official said today.

PARIS, June 1 (Reuters) - Consultancy Strategie Grains has further reduced its forecast for this year's European Union rapeseed harvest, pegging the crop at 16.68 million tonnes compared with 17.02 million estimated a month ago.

KONTAN.CO.ID - JAKARTA. Realisasi penyaluran program campuran biodiesel 30% dengan solar atau B30 juga tak luput terdampak dari adanya wabah virus corona (Covid-19).