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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Malaysian palm oil price drops nearly 2% to one-month low
KUALA LUMPUR: Malaysian palm oil futures fell nearly 2% on Monday to their lowest in a month, weighed down by losses in soyoil on the U.S. Chicago Board of Trade (CBOT) and weaker export demand.
Championing palm oil's cause
A RECENT European Union (EU) plan proposing to restrict palm oil in its biofuel programme has once again put the palm oil industry into public scrutiny, requiring palm oil producers to demonstrate their commitment to sustainable production.
U.S. Reps. Call for Immediate Extension of Biodiesel Tax Incentive
More than 20 members of Congress across 12 states are pushing for an immediate extension of the expired tax incentive for domestic biodiesel production.
China's Soy Imports for May Hit 4-Year Low as Virus Kills Hogs
China’s soybean purchases dropped 24% in May from a year earlier after the spread of African swine fever hurt demand for the animal feed ingredient, and as the trade war with the U.S. led the world’s biggest buyer to halt purchases of American beans.
Palm oil may fall into 1,960-1,997 ringgit range
SINGAPORE: Palm oil may break a support at 2,019 ringgit per tonne and fall into a range of 1,960-1,997 ringgit.
Why the US-China trade war is leaving firms vulnerable to soy risk
Consumers are increasingly aware of the planetary implications of their diets, and only those living under a rock will have failed to notice the market shifting accordingly: Rapidly growing numbers of people are cutting down on meat or identifying as vegetarians or vegans, and food retailers are scrambling to offer more meat and dairy-free products.
More incentives in store for sustainable palm oil
KUALA LUMPUR: The government is ready to dish out additional incentives to encourage oil palm planters to embrace the Malaysian Sustainable Palm Oil (MSPO) certification, which is aimed at boosting the crop’s profile in the global market.
May palm oil stocks easing to 10-month low
KUALA LUMPUR: Malaysia’s palm oil stocks likely hit a 10-month low by end-May, according to a Reuters survey, logging a third straight month of fall due to a dip in output and rise in exports.
CPO futures likely to trade lower next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar.
