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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
US meat exports surge as industry struggles to meet demand
U.S. meat exports are surging even as the industry is struggling to meet domestic demand because of coronavirus outbreaks at processing plants that have sickened hundreds of workers and caused companies to scramble to improve conditions.
GRAINS-Corn, soy futures drift lower on favorable U.S. crop prospects
U.S. corn and soybean futures drifted lower on Thursday as generally favorable Midwest crop weather bolstered expectations for large harvests, analysts said.
Cambodia pushes hard on free-trade agreements
Cambodia’s government is pushing for free-trade agreement (FTA) talks with potential partners while seeking Russian’s help for a Eurasian Economic Union (EAEU) free trade agreement.
Blockchain eyed for palm oil
The Energy Ministry has ordered the Energy Business Department to discuss with Thai oil traders the prospect of using blockchain to facilitate palm oil trade.
Malaysian palm oil rises nearly 2pc
Malaysian palm oil futures jumped nearly 2% on Wednesday on forecasts for lower production in May and tracking strength in rival soyaoil prices.
VEGOILS-Palm inches up on hopes of smaller May production
Malaysian palm oil futures edged higher on Wednesday, underpinned by a lower production outlook for the current month, but prices were capped as April inventories were at a five-month high and on worries over a coronavirus-led demand slump
CPO prices to remain under pressure on soft demand outlook
Affin Hwang Capital research has maintained its underweight rating on the plantation sector as it expects crude palm oil (CPO) prices to remain under pressure amid continued weakening demand in producing countries.
Indonesia weighing subsidy options to support biodiesel programme
The Indonesian government is considering alternate plans to increase subsidies for the country’s ambitious biodiesel programme after crude oil prices tumbled, a finance ministry official said on Wednesday.
Anticipation of recovery in exports boost plantation counters
The anticipated gradual recovery in palm oil export demand has driven plantation index on Bursa Malaysia to retain its steady performance.
