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MARKET DEVELOPMENT
16-06-2021

Vegetable Oil Imports Spike In May

India's import of vegetable oils (including edible oils and non-edible oils) rose to 1.24 million tonnes (mt) during May 2021 compared with 0.74 mt in May last year, up 68%, media reports noted. The overall import of vegetable oils during November-May stood at 7.67 mt compared with 7.06 mt in the year-ago period, recording a rise of around 8.60%.

MARKET DEVELOPMENT
15-06-2021

Palm oil output at risk as virus lockdown worsens labour shortage

(June 15): A resurgence of Covid-19 infections in No. 2 palm oil grower Malaysia is set to exacerbate a labor shortage and curb production of the worldâ€™s most-consumed cooking oil.

MARKET DEVELOPMENT
15-06-2021

India May palm oil imports nearly doubles, soyoil jumps-trade body

Indiaâ€™s palm oil imports nearly doubled in May from last yearâ€™s low base to the highest level in 4-months as refiners bought aggressively to replenish inventory, a leading trade body said in a statement on Monday.

MARKET DEVELOPMENT
15-06-2021

CPO futures end lower, tracking weakness in soybean oil

KUALA LUMPUR (June 14): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, tracking the overnight losses in the soybean oil market on the Chicago Board of Trade.

MARKET DEVELOPMENT
15-06-2021

China's edible oil futures plunge in early trade

SHANGHAI, June 15 (Reuters) - China's edible oil futures plunged in early trade on Tuesday, with palm oil DCPcv1 on the Dalian Commodity Exchange dropping by more than 7% at its open.

MARKET DEVELOPMENT
15-06-2021

Soybeans close 43Â¢ lower, corn falls 31Â¢ | Monday, June 14, 2021

On Monday, the CME Groupâ€™s farm markets close sharply lower. At the close, the July corn futures closed 25Â¼Â¢ lower at $6.59. New crop September futures finished 31Â½Â¢ lower at $5.98. December corn futures closed 28Â½Â¢ lower at $5.81Â¾.

MARKET DEVELOPMENT
15-06-2021

Abiove raises forecasts on exports of soybeans and soybean oil from Brazil in 2021

SAO PAULO (.) â€“ Brazil will export more soybeans and soybean oil than expected in 2021, after the country provisionally reduces the mandatory mix of biodiesel in the composition of diesel, the Brazilian Association of Vegetable Oil Industries said on Monday ( Abiove).

MARKET DEVELOPMENT
14-06-2021

MCO 4.0 unlikely to have much impact on palm oil production

KUCHING: The enforcement of the latest movement control order (MCO) is unlikely to have much impact on palm oil production, analysts opine.

MARKET DEVELOPMENT
14-06-2021

Palm oil falls for fifth straight day as rival oils decline

SINGAPORE: Malaysian palm oil futures fell for a fifth consecutive session on Friday, as they tracked losses in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade (CBOT).

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