Berita Arkib

BEIJING/SINGAPORE (Reuters) - A cargo of soybeans from the United States bought by China’s state grain stockpiler will arrive in China next Thursday, the last delivery before stiff import tariffs threaten supplies from one of China’s top suppliers, according to shipping data and two sources familiar with the matter.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 29.

Malaysian palm oil futures rose more than 1 percent to its highest in over two weeks on Thursday, gaining on the back of a weaker ringgit and a favourable palm oil-to-gasoil spread.

Nestle's membership of industry watchdog the Roundtable on Sustainable Palm Oil (RSPO) has been suspended as the Swiss food group failed to submit a report detailing how it would ensure the use of certified sustainable palm oil, the RSPO said.

The earnings of local plantation group United Malacca Bhd(UMB) took a steep plunge by nearly 71% year-on-year (y-o-y) in its fourth quarter ended April 30, primarily on the back of lower average prices of crude palm oil (CPO) and palm kernel (PK).

Palm oil on the European vegetable oils market continued to rise on Thursday, tracking stronger Malaysian palm oil futures on the back of a weaker ringgit which makes palm oil cheaper for foreign buyers.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday June 28.

OSLO: The world lost tree cover the size of Italy in 2017 as forests were cleared using fire to make way for farms from the Amazon to the Congo Basin, an independent forest monitoring network said on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures jumped to their highest in over a week on Wednesday evening, supported by forecasts of weaker output and stronger related edible oils.

In Indonesia, a two-week break has led to a backlog of farmers trying to sell their fruit, while in Malaysia, many workers have yet to return from Indonesia.

Palm oil production is “disastrous” for endangered species including orangutans and tigers - but the alternatives could be even worse, a new report has found.

KUALA LUMPUR: Malaysian palm oil futures jumped to their highest in over a week on Wednesday evening, supported by forecasts of weaker output and stronger related edible oils.