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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 falls on weak rival oils, crude oil prices, April demand concerns
Soybeans Resume Rise With South America Crops In Focus
PARIS/SINGAPORE, Feb 9 (Reuters) - Chicago soybean futures headed back toward an eight-month peak on Wednesday as the market awaited a U.S. government report for a latest indication on weather damage to South American crops.
USDA maintains forecast for 2021-’22 soybean oil use in biofuel
The USDA maintained its forecast for 2021-’22 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Feb. 9. The 2021-’22 soybean outlook is for increased soybean crush and lower ending stocks.
Indonesian 2022 CPO output could hit 49mn t: Gapki
Indonesian crude palm oil (CPO) production is expected to rise by more than 2mn t from 2021 to 49mn t this year, according the national palm oil association Gapki, its most prolific output since at least 2017.
Palm oil rally continues despite several measures to check price rise
New Delhi: Despite several attempts by the Centre to cool off prices, crude palm oil has maintained its strong rally from 2021 and has risen about 10-15 per cent in the current calendar year.
VEGOILS Palm eases ahead of Malaysia Jan production data
JAKARTA, Feb 10 (Reuters) - Malaysian palm oil futures fell in early trade on Thursday ahead of the country's January production data release, taking a step back after a rally triggered by a new export restriction policy by world's biggest palm oil maker Indonesia.
VEGOILS Palm falls most in three weeks as weaker rival oils weigh
JAKARTA, Feb 8 (Reuters) - Malaysian palm oil futures posted their biggest single-day loss in over three weeks on Tuesday, as weaker rival oils triggered profit-taking and traders digested palm production and export forecasts.
Ministry predicts palm oil prices to dip
Despite mounting pressure from high oil prices, the Commerce Ministry has found the prices of certain products such as pork are declining.
CGS-CIMB: Malaysia’s palm oil stock likely fell 1.2% in January on weaker output
KUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8).
Palm oil may retest support at 5,484 ringgit
SINGAPORE: Palm oil may retest a support at 5,484 ringgit per tonne, a break below which could cause a fall into 5,366-5,425 ringgit range.
