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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm Oil Firms Ditch 'No Deforestation' Pact in Indonesia
04/07/2016 (Reuters) - Major palm oil producers and traders, including Wilmar and Cargill ditched a "no deforestation" private agreement in Indonesia, saying the government's recent efforts to strengthen its certification standards were sufficient.
Canadian Canola Futures Rise
04/07/2016 (Reuters) - ICE Canadian canola futures rose on Wednesday for the third straight session, lifted by short-covering ahead of a US government crop report due on Thursday. Statistics Canada estimated canola plantings of 20 million acres, in line with trade expectations. The report had little market impact, a trader said.
Palm Oil Regaining its Competitiveness Against Soybean Oil
04/07/2016 (Borneo Post) - Palm oil is regaining its competitiveness level against soybean oil and it will likely win global market share of vegetable oils going forward, analysts say.
VEGOILS-Market Factors to Watch July 4
04/07/2016 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
VEGOILS-Palm Oil Rises on Lower-Than-Forecast Output, Short-Covering
04/07/2016 (Reuters) - Malaysian palm oil futuresrose to a one-week high on Monday, lifted byweaker-than-expected output and short-covering before publicholidays.
Village off Dudhnoi Takes to Palm Oil Cultivation
04/07/2016 (Assam Tribune) - For the first time in the State, farmers in Dudhnoi and Boko have taken to oil palm cultivation. Started last year under the Centrally-sponsored National Mission for Oil Seeds and Oil Palm, the cultivation today covers a total area of 409 hectares.
Palm Oil up 0.5% on Rising Demand
04/07/2016 (Business Standard) - Extending its gain for the third straight day, crude palm oil prices advanced by 0.50% to Rs 502 per 10 kg in futures trading today as traders engaged in enlarging positions, taking positive cues from spot market on strong demand.
Palm Oil to Test Resistance, Dip
04/07/2016 (Hindu Business Line) - Malaysian palm oil futures on the Bursa Malaysia Derivatives rose to a one-week high in early trade on Monday, lifted by weaker-than-expected output and short-covering ahead of public holidays. CPO active month September futures are moving in line with our expectations. As mentioned earlier, a fall below MYR 2,420/tonne could see prices testing the next crucial support around 2,330-35 levels in the short-term, where it is expected to find a possible near-term bottom. Prices have bounced exactly higher from there. The present recovery could see prices testing the important resistance around 2,475-80 levels ideally. As illustrated earlier, a possible head-and-shoulder pattern has been confirmed on a break below 2,475 , which is quite a bearish sign. Resistances are at 2,475 followed by a strong one at 2,550 levels now. The chart picture indicates a possible near-term bottom made at 2,317 . Since the momentum still favours further declines, our favoured view expects prices to edge lower again after the pullback fails to cross near-term resistances. This is our favoured expectation. Only an unexpected rise above 2,575 on a closing basis could hint at resumption of the uptrend, which could potentially stretch to test 2,790-2,800 levels, or even higher.
Cottonseed Oil up on Scattered Demand
01/07/2016 (Business Standard) - Barring a rise in cottonseed oil prices on mild demand from retailers, movements in other edible and non-edible oils remained restricted at the wholesale oils and oilseeds market today in the absence of any worthwhile activity.
