|
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
Edible oil imports seen surging 65%: High global prices inflate import bill, over a third goes to govt as taxes
After crude petroleum and coal, edible oils are threatening to strain India’s current account, with imports of these items seen surging 65% on year to $17 billion in the 2020-21 ‘oil year’ (November-October) due to a spike in global prices. The government doesn’t appear to worry much though; it is striking it rich through high import taxes on edible oils by appropriating more than a third of the import value.
COLUMN-Funds dump CBOT soybean longs but are slower to exit corn –Braun
FORT COLLINS, Colo., June 27 (Reuters) - The prospect for bigger U.S. crops and uncertainty over demand have made speculators rethink their heavily bullish bets in Chicago corn and soybeans, but investors are still hesitant to bet against either one.
Strategie Grains raises EU rapeseed crop outlook
PARIS, June 28 (Reuters) - Consultancy Strategie Grains has raised its forecast for this year’s European Union rapeseed harvest while trimming demand expectations, projecting reduced supply tightness next season.
RSPO certified smallholders gain access to sustainable market
Certification to the Roundtable on Sustainable Palm Oil (RSPO) standards bodes well for the future of smallholders and sustainable forestry, as environmentally conscious companies are increasingly turning to them.
Higher CPO prices drive plantation’s strong 1Q performance
PLANTATION companies on Bursa Malaysia posted stronger financial performance in the first quarter of 2021 (1Q21) driven by favourable prices of crude palm oil (CPO). The industry is also set to enjoy strong prices due to labour shortages and strong demand albeit at lower prices, according to MIDF Amanah Investment Bank Bhd.
Palm oil falls on higher-than-expected output estimates.
Malaysian palm oil futures slipped on Thursday, declining for the third time in four sessions, after an industry group estimated a jump in production.
Malaysian palm oil gains over 2pc
KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Friday and logged their first weekly gain in three, lifted by better exports so far in June and a tight supply situation.
CPO futures to trade range-bound next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in range-bound mode next week as the market is lacking movement catalysts, a dealer said.
