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MARKET DEVELOPMENT
15-07-2021

Kim Loong Resources eyes record year amid high CPO prices

AFTER reporting its third-highest profit of RM94.89 million for the financial year ended Jan 31, 2021 (FY2021), Johor-based planter Kim Loong Resources Bhd is confident of delivering another year of strong performance in FY2022, riding on the commodity boom and high crude palm oil (CPO) prices, which have risen 59% from a year ago.

MARKET DEVELOPMENT
15-07-2021

Soybeans close 38Â¢ higher | Wednesday, July 14, 2021

On Wednesday, the CME Groupâ€™s farm markets run higher, as investors eye dry weather forecasts. At the close, the Sept. corn futures finished 17Â¼Â¢ higher at $5.68Â¼. New-crop Dec. futures ended 18Â¢ higher at $5.58Â½. March corn futures closed 17Â¾Â¢ higher at $5.66Â½.

MARKET DEVELOPMENT
15-07-2021

Chinaâ€™s June soybean imports jump 11.6% from May on surging demand

Chinaâ€™s soybean imports in June rose 11.6% from May, customs data showed on Tuesday, continuing the trend of resurgent demand in the worldâ€™s top buyer as it strives to meet meal demand for its burgeoning hog herds.

MARKET DEVELOPMENT
15-07-2021

Germanyâ€™s 2021 wheat and rapeseed harvest seen up on year

HAMBURG, July 14 (Reuters) - Germany's 2021 wheat harvest of all types will increase 3.2% on the year to 22.80 million tonnes although some crops have suffered from a recent heatwave, the country's association of farm cooperatives said on Wednesday.

MARKET DEVELOPMENT
15-07-2021

VEGOILS-Palm retreats from 5-week high, output woes limit fall

KUALA LUMPUR, July 14 (Reuters) - Malaysian palm oil futures dipped on Wednesday after hitting a five-week high, although concerns over slow output growth offered some support.

MARKET DEVELOPMENT
15-07-2021

VEGOILS-Palm oil dips, slow output growth caps losses

KUALA LUMPUR, July 14 - Malaysian palm oil futures eased on Wednesday after hitting a five-week peak, but concerns over slow output growth offered some support.

MARKET DEVELOPMENT
15-07-2021

Palm rises over 1% to 5-week high on output worries

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday, reaching a five-week peak on concerns over slow output growth and anticipation of an uptick in export shipments.

MARKET DEVELOPMENT
14-07-2021

Palm oil stockpile to remain low

PETALING JAYA: Resilient demand from China and growing restocking activities in India should keep palm oil stockpile at low levels generally, in the coming months.

MARKET DEVELOPMENT
14-07-2021

India imports 275,915 tonnes of palm oil from Malaysia in June

NEW DELHI (July 13): India imported 275,915 tonnes of palm oil from Malaysia in June, according to the latest data from an industry group.

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