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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
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Bearish Trend on Edible Oils
24/02/2017 (Hindu Business Line) - Edible oils witnessed bearish trend on Thursday tracking weak futures, recovery in rupee amid absence of fresh bulk demand. On BCE imported palmolein and soya oil declined by Rs2 each. All other edible oils were steady.
Sluggish Trend Continues in Soya
24/02/2017 (Hindu Business Line) - Sluggish trend continued in oils and oil seeds on slack physical demand, weak global cues and increased arrival of new mustard seeds across the country with soy refineddeclining to ₹662-65 for 10 kg.
Shipping Activity at Port Qasim
24/02/2017 (Pakistan Observer) - Three ships C.V Maersk Stepnica, M.T Maria- III and M.T Chemroad Mega carrying containers, LPG and palm oil were allotted berths at Qasim International Container Terminal, Engro Vopak Terminal and Liquid Cargo Terminal respectively on Wednesday.
HSP Exceeds Expectations, Steady Improvements Ahead
24/02/2017 (Borneo Post) - Sabah-based Hap Seng Plantations Holdings Bhd’s (HSP) financial year 2016 (FY16) performance exceeded expectations and analysts expect the company to continue reporting steady growth ahead.
VEGOILS-Palm Oil Hits Near 4-Month Low on Rising Output, Weak Demand
24/02/2017 (Reuters) - Malaysian palm oil futures fell on Thursday evening, charting a fifth session of losses in six and hitting their lowest in nearly four months as concerns persisted over rising production and weak exports.
Indonesia Jan Palm Output Down for Second Month -Reuters Survey
24/02/2017 (Reuters) - Indonesia's crude palm oil (CPO) output likely declined in January, a second straight monthly drop in the world's top producer of the widely used commodity, a Reuters survey showed.
Russia Decreased Palm Oil Imports By 12%
24/02/2017 (UkrAgroConsult) - Russia purchased 84.4 KMT of palm oil in December 2016, or 27.7% more than in the previous month (66.1 KMT), but 11% less than in December 2015. The rise in palm oil imports reversed their downward trend seen in the first months of 2016/17. In total, palm oil imports dropped almost 12% year-on-year in September-December 2016/17, to 316.4 KMT against 359.4 KMT at the same time a year earlier, reports UkrAgroConsult.
Crude Palm Oil Futures Gain 0.85% on Spot Demand
24/02/2017 (Business Standard) - Crude palm oil prices were up by 0.85 per cent to Rs 531.80 per 10 kg in futures in evening session today as speculators built up fresh position.
VEGOILS-Market Factors to Watch Feb 23
23/02/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
