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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
GRAINS-Soybeans fall for first time in eight sessions
SYDNEY, Nov 24 (Reuters) - U.S. soybean futures fell for the first time in eight sessions on Tuesday as traders booked profits after prices hit a more than four-year high, although concerns about global production provided a floor to losses.
Palm oil ends higher
KUALA LUMPUR: Malaysian palm oil futures reversed early losses to rise 1% on Monday, as concerns over declining output outweighed shrinking November exports and losses in rival Dalian oils. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange rose 42 ringgit, or 1.28%, to 3,330 ringgit ($814.58) a tonne.
CPO to trade up to RM2,600 next year
MOODY’S Investors Service has raised its medium-term price sensitivity range for crude palm oil (CPO) to between RM2,200 and RM2,600 per tonne over the next 12 months, with a midpoint of RM2,400 due to continued supply constraints.
APAC countries form largest trading bloc via RCEP
CHINA and 14 Asia-Pacific countries signed a major trade pact known as Regional Comprehensive Economic Partnership (RCEP). Chinese President Xi Jinping said China will not seek to disassociate itself with US economy and pledges to cut tariffs. He reassured of gradually opening the door for China to integrate with its global bilateral partners.
Cargill Shifts NC Plant to Provide RSPO-Certified Palm Oil
Global food corporation Cargill is significantly expanding its segregated palm oil capacity in order to help its customers meet their sustainability commitments, the company says. Previously, Cargill offered its North American customers mass-balanced sustainable palm oil, but its new offering in North America meets stricter certification standards for Roundtable for Sustainable Palm Oil (RSPO).
Oil palm plantations seek consignment of relief foreign workers
KUCHING: The Sarawak Oil Palm Plantation Owners Association (Soppoa) has called upon the state and federal governments to allow for a consignment of relief foreign workers to enter the state.
Claims of the European Union’s Discrimination against Indonesian Palm Oil
Retno Marsudi, the Indonesian Foreign Minister, has highlighted the issue of product discrimination against Indonesian palm oil by the European Union.
MPOA slams AP report as exaggerated and anti-palm oil propaganda, says planters provide safe working conditions for female workers
KUALA LUMPUR (Nov 20): The Malaysian Palm Oil Association (MPOA) today slammed a recent news report by the Associated Press (AP), which detailed instances of sexual abuse and exploitations of female plantation workers at palm oil estates in both Malaysia and Indonesia, saying it was exaggerated and the stuff of anti-palm oil propaganda.
Edible Oil Prices Rise in India as Demand Recovers, But Production Weakens in Other Nations
New Delhi: Edible oil prices such as groundnut, soybean, sunflower and palm oil have risen by 20-30% over the last one year in India, due to recovery in demand in the country and labour shortage in producing countries due to the coronavirus pandemic, said reports.
