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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Indonesia recruits farmers, teachers to battle anti-palm oil sentiment
SINGAPORE — Indonesia’s giant palm oil industry, long a target of global green groups, is shoring up its defenses closer to home as it tries to counter growing anti-palm oil sentiment among a more environmentally conscious generation of young Indonesians.
CPO futures end lower, tracking Chicago Board of Trade
KUALA LUMPUR (Nov 9): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Tuesday (Nov 9), tracking the weakness in the Chicago Board of Trade (CBOT) soybean oil market.
Indonesia mulls hoarding UCO to hit emissions goals
Indonesia may impose restrictions on used cooking oil (UCO) exports from next year to help fuel its own renewable energy targets, according to the Indonesian Palm Oil Association's vice-chairman for trade and sustainability Togar Sitanggang.
GRAINS-Soybeans consolidate after slide ahead of USDA report
PARIS/SINGAPORE, Nov 9 (Reuters) - Chicago soybean futures were little changed on Tuesday after hitting their lowest in nearly a month as traders waited to see if a U.S. government report would support expectations of improved harvest prospects.
SOYBEANS ADD 23¢, REACTING TO FRIENDLY USDA DATA
The U.S. corn, soybean yields do not go up as the trade expected. As a result, the CME Group’s soybean market jumped 51¢ immediately after the release of the report then dropped to 35¢ higher. Corn jumped up a dime, while wheat reacted positively as well.
Russia’s export tax for sunflower oil to rise to $276.7/T in December
Russia has set its export tax for sunflower oil at $276.7 per tonne for December, up from $194.5 per tonne in November, the agriculture ministry said on Tuesday.
USDA maintains forecast for soybean oil use in biofuel
The USDA maintained its forecast for 2021-’22 soybean oil use in biofuel in its latest World Agricultural Supply and Demand Estimates report, released Nov. 9. The estimate for 2020-’21 soybean oil use in biofuel was revised up.
Malaysian palm oil end-Oct stocks above 1.8 million mt on weak exports: survey
Malaysia's stocks of palm oil at the end of October were likely up 3.1% month on month to 1.80 million mt as key buyers China and India bought less, a survey of analysts, growers and traders by S&P Global Platts found.
Palm oil reverse early losses, higher global supply outlook weighs
Malaysian palm oil futures reversed early losses on Monday, but weakness in rival oils in anticipation of higher global edible oil supplies capped the gains.
