Berita Arkib

KUALA LUMPUR (May 18): Sime Darby Plantation Bhd’s foreign shareholding rose for the second consecutive month to 9.34% in April 2021 from 9.32% in the preceding month, according to the latest updates on the oil palm planter’s website.

On Tuesday, the CME Group’s farm markets closed mixed. At the close, the July corn futures closed 5¾¢ higher at $6.58¾. New-crop September futures finished 4½¢ higher at $5.71. December corn futures ended 6¢ higher at $5.43¾.

JAKARTA • Palm oil declined amid prospects for weakening demand from India, the top buyer, where large parts of the nation remained under local lockdowns to fight the world’s worst outbreak of Covid-19.

KUALA LUMPUR (May 17): Malaysian palm oil is losing its price competitiveness, said Maybank Kim Eng Research, citing creeping imports and declining exports.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Monday, tracking the weaker soybean oil performance on the US Chicago Board of Trade (CBOT) during the Asian hours trading session.

SINGAPORE: Palm oil may retreat into a range of 4,331 ringgit to 4,393 ringgit per tonne, to fill a gap forming on May 12.

WITH many countries grappling with the worsening pandemic as the number of Covid-19 cases continues to climb across the globe, a commodity boom has emerged amid the chaos.

KUALA LUMPUR, May 17 (Reuters) - Malaysian palm oil futures fell 1% on Monday, retreating from last session's record high, as trade resumed after a long holiday weekend and concerns over dwindling global edible oil supply eased.

PARIS, May 17 (Reuters) - European Union soybean imports in the 2020/21 season that started last July had reached 13.17 million tonnes by May 16, data published by the European Commission showed on Monday.

Nearby soybean future prices have reached their highest levels since 2012, climbing to $16.61 on May 12 from $8.49 a year earlier. China’s recovering hog herd has led to incredible export demand. A surge in corn exports as Brazil has had weather issues has helped strengthen meal demand, and the growth in renewable diesel has supported soybean oil prices.

The potential approval of a draft bill to set a new biofuels law with new blending mandates is likely to increase the volume of soyoil available for export from the country, Victor Castro, director at Argentine biodiesel producers' lobby Carbio, has told Agricensus.

DEMAND for palm oil is expected to dwindle from May onwards as major buyer India grapples to contain the spread of Covid-19 which could impact domestic consumption.