|
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Stearic Acid Prices Drop in May Amid Lower Palm Oil Costs and Weak EV Demand
16/05/2024 (Chem Analyst) - In the first half of May 2024, the prices of Stearic Acid (Rubber Grade) in the European market fell by approximately 1.2%. This decline was primarily driven by decreasing feedstock Palm Oil prices and reduced demand from the downstream electric vehicle (EV) segment of the automotive industry.
Indian Edible Oil Imports: April Surge Amidst Overall Decline Sets New Trends
16/05/2024 (Investing.com) - Despite an 11.65% decline in the first half of the 2023-24 oil year, April witnessed a remarkable 27.67% surge in Indian edible oil imports, driven by favorable price trends. Palm oil imports decreased, while soyabean and sunflower oil imports fluctuated, with major suppliers including Indonesia, Malaysia, and Russia.
Brazilian soybean oil export values firm further
16/05/2024 (Hellenic Shipping News) - Soybean oil export values in the Brazilian market have strengthened to nearly two-year highs amid a combination of supportive factors, from improving destination demand to concerns over crop losses from floods in the southern state of Rio Grande do Sul.
India imported 285,829 tonnes of palm oil from Malaysia in April
15/05/2024 (New Straits Times), New Delhi - India imported 285,829 tonnes of palm oil from Malaysia in April, accounting for 21.6 per cent of the country's total vegetable oil imports for the month.
Olive Oil, ‘King of Foods’ for Tourists and Locals in Crete
15/05/2024 (Greek Reporter) - “Olive oil is one of the most important reasons why Crete is known in the rest of the world. Based on this, we can understand that olive oil on our island was and will be the king of foods!” exclaims oil producer Eftychis Androulakis in a perfect example of Cretan passion for a product that is central to the island’s tourism, cuisine, economy, and history.
Soybean Oil Market Faces Uncertainty as second quarter makes its move towards May 2024
15/05/2024 (Chem Analyst) - As anticipation mounts ahead of the forthcoming USDA report, the soybean market is treading cautiously, mindful of two significant factors looming largely: recent flooding in Rio Grande does Sul and a general strike in Argentina witnessed in the end of April. This cautious sentiment is likely to rippled through market activities including the trading concerning the Soybean Oil, particularly evident from Argentina, where soybean prices have seen fluctuations but remained largely stable amidst subdued trading including the downstream Soybean Oil as well.
Palm oil trades lower as market waits for export and production data
14/05/2024 (Reuters), Jakarta - Malaysian palm oil futures reversed gains on Tuesday as the market is awaiting Malaysia's palm oil export and production performance for further cues.
India April palm oil imports rise to 3-month high
14/05/2024 (Reuters) - India's palm oil imports rose to their highest level in three months in April as lower prices lured buyers, while rival sunoil imports slipped, a leading trade body said on Tuesday.
Golden Agri Q1 profit falls 60% to US$37 million on weaker crude palm oil prices
15/05/2024 (The Business Times) - GOLDEN Agri-Resources’ (GAR) net profit for the first quarter ended March stood at US$37 million, down 60 per cent on the year amid continued weakness of crude palm oil (CPO) prices during the period.
