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MARKET DEVELOPMENT
02-06-2021

VEGOILS-Palm gains as dry weather stokes global supply concerns

KUALA LUMPUR, June 2 - Malaysian palm oil futures rose on Tuesday after two straight sessions of declines, as dry weather in the United States and Canada crop belts, and reduced crop expectations in South America stoked worries of global edible oil supply.

MARKET DEVELOPMENT
01-06-2021

WTO agrees on panel to relook EU palm oil rules

KUALA LUMPUR: The World Trade Organisation (WTO) agreed to a request from the Malaysian government to establish a panel examining a European Union law that restricts the use of palm oil-based biofuel, Putrajaya said today.

MARKET DEVELOPMENT
01-06-2021

Palm oil falls 2pc as export pace slows, Indonesia taxes weigh

KUALA LUMPUR: Malaysian palm oil futures fell over 2% on Monday as the pace of exports slowed and Indonesia raised its export taxes for June, with a nationwide lockdown in Malaysia further dampening sentiment.

MARKET DEVELOPMENT
01-06-2021

Malaysiaâ€™s exports increase to RM106b in April

MALAYSIAâ€™S exports increased by 63% year-on-year (YoY) in April to RM105.6 billion, driven by exports of manufactured goods which were up 65.5% YoY to RM91.6 billion.

MARKET DEVELOPMENT
01-06-2021

Frankly Speaking: Higher CPO prices unable to save FGV

Almost all major plantation companies have been raking in the profits from the record high crude palm oil (CPO) prices. However, FGV Holdings Bhd recorded a loss in the latest quarter.

MARKET DEVELOPMENT
01-06-2021

SEA demands govt to check import of soybean oil via Nepal flouting rules of origin

Edible oil trade body SEA on Monday urged the government to check huge import of soybean oil at zero duty from Nepal flouting rules of origin, saying this may lead to an annual revenue loss of Rs 1,200 crore to the exchequer and hurt domestic refiners.

MARKET DEVELOPMENT
01-06-2021

VEGOILS-Palm oil firms, slow rise in May exports and lockdown hurt demand outlook

KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures inched up on Tuesday, underpinned by concerns over supply of rival edible oils, but a fresh coronavirus lockdown in Malaysia and a slow rise in May exports hurt demand outlook.

MARKET DEVELOPMENT
01-06-2021

India palm oil imports from Thailand spike as price pressures mount: sources

Indiaâ€™s palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin.

MARKET DEVELOPMENT
01-06-2021

CPOPC Objects To The Draft Royal Decree Of Belgium

Islamabad- May 31st, 2021: The Council of Palm Oil Producing Countries (CPOPC) expressed its disappointment over the notification of the Kingdom of Belgium to the European Commission which proposed a ban on palm oil as a renewable source of biofuel in the near future. The CPOPC, which comprises of Indonesia and Malaysia, and soon of the countries of Colombia, Ghana, Honduras and Papua New Guinea, reminded Belgium of the key economic and social development role that the palm oil plays in the development of these countries and in meeting the UN SDGs.

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