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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Small, mid-cap plantation players weighed down by debt, low prices
THE low crude palm oil (CPO) price and Malaysian Sustainable Palm Oil (MSPO) requirement could see an uptick in merger and acquisition (M&A) activities in the plantation industry as some players seek an exit.
Listen to Dr M and cut out the internal bickering
Divided we stand, united we fall. So runs the opening line of the fictional but realistic novel Romance of Three Kingdoms in China.
Palm oil falls on weaker demand outlook
Malaysian palm oil futures ended the trading day in negative territory, pressured by expected slower demand, but remained up on the week. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.6% at 1,972 ringgit ($479.57) by the close, with the weekly gain standing at 1.4%. "The market was weighed by expectations of weaker exports," said one Kuala Lumpur-based futures trader, referring to Malaysian palm oil export data from cargo surveyors for July 1-20.
Export of refined palm oil soars
At a time when the country’s ballooning trade deficit has been generating concerns from all corners, trade of refined palm oil has shown the potential of importing raw materials and exporting it with value addition.
Brazil soybeans lose protein, China sales at risk
The protein content in Brazilian soybeans fell for the first time in four harvests in 2018, according to preliminary government data, a development that has already cost Brazilian companies business with top buyer China.
US sanctions overshadowing Iran-Brazil trade ties: Report
As reported in addition to Iranian vessels, Bavand and Termeh, now stand three of Iran’s bulk carriers, Daryabar, Delruba and Ganj, left with no fuel at the Brazilian ports
Chinese companies looking to buy U.S. farm products: Xinhua
BEIJING (Reuters) - Some Chinese companies are seeking new purchases of U.S. agricultural products, China’s official Xinhua news agency said on Sunday, citing authorities, as Beijing and Washington look for ways to end a protracted trade war.
India’s move on palm oil duty will impact Malaysia
The local palm oil sector is expected to face stiffer competition in India with the country’s Finance and Trade Ministries considering raising the palm oil duty from Malaysia to 50% from 45%.
Palm cuts earlier losses to trade slightly lower
Malaysian palm oil futures recovered from early losses to trade slightly lower on Thursday as stronger trends in the vegetable oil market aided sentiment.
