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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Malaysia says palm oil dispute with India is 'temporary'
KUALA LUMPUR: Malaysia said on Tuesday that India’s move to cut back on palm oil purchases is “temporary†and will be resolved amicably between the two nations.
India’s import tax on crude palm oil from ASEAN unchanged
NEW DELHI (BERNAMA) – India’s Finance Ministry has issued a notification that said the import tax on crude palm oil (CPO) will be 44 per cent, but trade sources point out there is no change in the existing duty structure on cargoes from ASEAN.
Sabah produces cooking oil
TAWAU: Chief Minister Datuk Seri Panglima Mohd Shafie Apdal said the plan to make Sabah a downstream industrial state has become a reality with the launch of Sabah’s own BESS brand cooking oil here yesterday.
Factbox: Coronavirus hits demand for commodities and energy
SINGAPORE/LONDON (Reuters) - A fast-spreading coronavirus in China has sent shockwaves through global commodity markets, prompting OPEC and its allies to consider deepening crude supply curbs and Asia’s largest oil refiner to slash over a tenth of its output.
Indonesia biodiesel group says more capacity in 2020 could help exports
JAKARTA, Feb 3 - The Indonesian Biofuel Producers Association (APROBI) is expecting 3.62 million kilo litres (KL) of additional production capacity this year, which could support biodiesel exports, it said on Monday.
Soybeans reverse directions to close higher Monday
DES MOINES, Iowa -- On Monday, the CME Group’s farm markets end mostly higher. At the close, the March corn futures finished 2 1/2¢ lower at $3.78 3/4. May corn futures settled 2¢ lower at $3.84 3/4. March soybean futures ended 4 1/4¢ higher at $8.77. May soybean futures settled 4¢ higher at $8.90 3/4. March wheat futures finished 1 3/4¢ higher at $5.55 1/2. March soymeal futures closed $1.20 per short ton lower at $289.80. March soy oil futures settled $0.35 cents higher at 30.29¢ per pound.
GRAINS-Soybeans edge higher after hitting 2-month low amid virus scare
SYDNEY, Feb 3 (Reuters) - U.S. soybeans edged up on Monday after hitting a two-month low earlier in the session as fears that an outbreak of coronavirus will reduce demand from top consumer China.
‘India’s import tax on crude palm oil from Asean unchanged’
NEW DELHI: India’s Finance Ministry has issued a notification that says the import tax on crude palm oil (CPO) will be 44 per cent, but trade sources point out there is no change in the existing duty structure on cargoes from Asean.
Tight supply to boost palm oil prices despite virus fear – Oil World
Declining production and rising demand should push palm oil prices higher in the coming months, outweighing current fears about a virus outbreak in China that fuelled a sell-off in recent days, Oil World said.
