Berita Arkib

Rising blending mandates in Europe and an economic recovery from Covid-19 are set to fuel demand for Asian biodiesel and feedstocks, although liquidity could be neutered by high costs in the short term. Third-month fob Bursa Malaysia crude palm oil (CPO) futures rose to their highest since May 2012 in December, at 3,470 ringgit/t ($852/t), on tight supply, labour shortages and adverse weather.

JAKARTA - Indonesia has raised the crude palm oil (CPO) reference price and export levy for January, an official document on its trade ministry website showed on Monday.

KUALA LUMPUR: Malaysia’s trade surplus surged 151.6 per cent year-on-year (y-o-y) to RM16.82 billion last month, the highest surplus ever recorded for the month of November.

On Monday, the CME Group’s farm markets finish mostly lower. At the close, the March corn futures settled 5½¢ higher at $4.56½. May corn futures closed 5¼¢ higher at $4.57.

Argentina's influential chamber of soy oil manufacturers and exporters on Sunday improved an offer to striking workers, seeking to end a more than two-week standoff that has bogged down exports from one of the world's main breadbaskets.

After a year of soaring sales and low ending stocks, the Brazilian soybean farmers are likely to witness another year of high supply and demand scenario in 2021, on the back of a weak currency forecast.

The Manitoba government on Dec. 22 announced that it will step up its ethanol and biodiesel blending requirements over the next two years, requiring E10 and B5 blends of gasoline and diesel by the start of 2022.

The Malaysian Palm Oil Board (MPOB) expects the current high prices of crude palm oil (CPO) trading above RM3,000 per tonne mark will continue until the first quarter of 2021, given the tight supply situation.

UK and European Union (EU) officials reached a post Brexit deal on ‘zero tariff – zero quota’ policy

Soybean oil has shot up to the top of the list of Nepal's largest exports, knocking palm oil from the number-one spot, as traders changed tack to keep exploiting trade preferential loopholes after the Indian government squeezed palm oil imports.

After the Centre reduced the basic import duty on crude palm oil (CPO) from 37.5 per cent to 27.5 per cent last month, the Malaysian government announced that it will start imposing export tax on CPO at 8 per cent with effect from January 2021.

With the pandemic, India’s ambition of achieving aUS$5 trillion economy by 2024 is unattainable, requiring GDP to double with herculean average annual growth rates of 23–24 per cent.