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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
CPO futures end lower
KUALA LUMPUR (Oct 28): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower, tracking the overnight soybean oil’s losses on the Chicago Board of Trade (CBOT), Palm oil trader David Ng said.
Palm Falls For Second Day On Weaker Rival Oils, Crude
Malaysian palm oil futures closed lower for a second straight session on Thursday, tracking weakness in rival vegetable oils and global crude oil.
Pakistan backtracks on palm oil import taxes reduction
The government of Pakistan has withdrawn its decision to reduce import duties and taxes of palm oil as previously announced amid signs that a lack of response from the industry has stoked government frustrations, local media reports have indicated.
Palm oil to fall to 4,822 ringgit, shadowed by bearish engulfing
SINGAPORE: Palm oil may fall to 4,822 ringgit per tonne, to complete a correction from the Oct. 21 high of 5,220 ringgit.
Cooking oil prices cool off ahead of festive season
Cooking oil prices in India have started cooling from the previous month’s highs, in part due to the reduction in import duty on edible oils and the Centre’s directive to the states to maintain stocks and prevent hoarding of the essential kitchen commodity. The wholesale price of soyabean oil
Oilseed outlook for next year contains plenty to consider
Assessing the outlook for the coming year’s oilseed market at this early stage is never easy but right now, for every factor that would support prices in 2022, there is another factor that would weigh down the market.
CPO futures fall on weakness in soybean oil on Oct 27
KUALA LUMPUR (Oct 27): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday after recording gains for two consecutive days, tracking the overnight soybean oil’s losses in the Chicago Board of Trade (CBOT), a dealer said.
TDM pays oil palm JV partner RM1.87m as share of profit
PETALING JAYA: TDM Bhd paid out RM1.87 million to Lembaga Tabung Amanah Warisan Negeri Terengganu (LTAWNT) as part of its profit-sharing agreement for their joint venture (JV) in an oil palm plantation.
Jokowi’s proposed CPO export ban infeasible, say experts
JAKARTA: The government is considering banning the export of crude palm oil (CPO) to force the development of a downstream palm oil industry in the country, but experts say economic constraints keep a viable downstream sector a distant dream.
