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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
Oil slumps on worries that supply cuts are playing catch-up to falling demand
Global oil-producing nations are expected to reduce production by as much as 19.5 million barrels per day, but those cuts are being implemented slowly and in some cases will not start for weeks
Canadian canola futures fall
Canadian canola futures fell on Monday, caught up in broad sell-off in global vegetable oil markets, traders said.
Soybeans fall further on coronavirus demand risks
Chicago soybean futures slid lower on Tuesday as fears of demand destruction for livestock feed due the closure of several U.S. meat packing plants hung over the market.
CBOT soyabean futures sink
Chicago Board of Trade soyabean futures dropped on Monday as concerns about livestock feed demand dragged down soyameal futures prices, traders said.
FTAs boost 2020 rubber shipments
Thailand is maintaining exports of rubber products and processed rubber as global demand surges, particularly for rubber products relating to virus protection such as rubber gloves and synthetic rubber used to make such gloves.
China, Japan, South Korea should fight crisis together
China, Japan and South Korea should work together to lift all barriers to prevent the collapse of supply chains, restore intraregional tourism and revive cross-border investments.
Palm oil inches down on worries over rising stocks as virus dents demand
Malaysian palm oil futures edged down on Tuesday, weighed by concerns over rising stockpiles as global demand slows due to the coronavirus pandemic.
Palm oil falls on concerns over rising stockpiles as global demand falters
Malaysian palm oil futures dipped on Tuesday as concerns rose over rising stockpiles amid the coronavirus outbreak curbing global demand, but losses were limited by prospects of exports resuming to India.
Order effects start to show as CPO production drops in March
This comes as March 2020’s closing inventory declined 40.8 per cent year on year (y-o-y) primarily due to lower opening stock (minus 44.4 per cent y-o-y) and lower output levels (minus 16.4 per cent y-o-y).
