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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
MPOB proposes additional cess payment for CPO starting Jan 2021
KUCHING (Nov 25): Malaysian Palm Oil Board (MPOB) is proposing an additional cess payment of RM5 for every metric tonne of crude palm oil to be imposed for one year starting January 2021.
Budget 2021: RM400 mln injection to empower COSS – Nanta
KUALA LUMPUR: The RM400 million injection for the Cooking Oil Price Stabilisation Scheme (COSS) through Budget 2021 is expected to have an impact on the B40 target groups, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi.
TDM leaps into 3Q profit on higher plantation income
KUALA LUMPUR (Nov 25): TDM Bhd reported today that its third-quarter profit after tax from continuing operations stood at RM22.37 million, versus a loss after tax of RM3.81 million a year earlier, as group revenue rose on higher plantation income.
USDA raises ag export forecast by $11.5b
Higher soybean and corn export values led the U.S. Department of Agriculture to raise its fiscal year (FY) 2021 agricultural export forecast to $152.0 billion, up $11.5 billion from the August forecast.
Chinese buyers look to cancel U.S. soybean orders as processing margins shrink
SINGAPORE/BEIJING (Reuters) - Some Chinese soybean importers and processors are looking to cancel deals signed for U.S. cargoes for December and January shipment, after crushing margins collapsed following a steep rally in Chicago futures, three trade sources said.
Palm gains as stronger crude, rival oils off weigh demand slump
KUALA LUMPUR: Malaysian palm oil futures ended 1pc higher on Wednesday despite a slump in November exports, boosted by higher crude and tracking a rally in competing edible oils due to concerns over global supplies.
China vows to expand global free trade area network
China will step up efforts to expand the free trade area network across the world to enlarge its “circle of friendsâ€, according to China’s Commerce Minister Zhong Shan.
India-EU step up ties—is an FTA in the offing?
In May next year, prime minister Narendra Modi will meet the heads of 27 member nations of the European Union (EU) bloc in Portugal, which will head the EU Council for six months beginning 2021. Portugal’s foreign minister, Augusto Santos Silva, announced the news during a virtual conversation organised by think tank Carnegie India with Indian foreign minister, S. Jaishankar, on November 23.
Palm oil industry adapting to new norm, business model despite Covid-19 — MPOB
KUALA LUMPUR (Nov 24): The palm oil industry seems to have quickly adapted to the new norm and new business model driven by the Covid-19 scenario after experiencing a slowdown in exports and prices in the first quarter of 2020 due to the pandemic.
