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Palm oil consumption forecast to increase
CPO Reference Price Falls 3.9 Percent in December 2025
Palm oil inventories to stay elevated next year
Palm Oil Extends Slide as Stronger Ringgit, Rising Stocks Pressure Prices
Soyabean Drops on Global Cues
17/03/2011 (Commodity Online) - NCDEX April soybean futures fell sharply in the morning hours due to weak overseas market. NCDEX April soyabean prices bounced back after touching a low of Rs 2292/quintal, prices surged sharply higher in NCDEX in tandem with overseas market and touched a high of Rs 2345/quintal and finally mmanged to close at Rs 2317.50 a quintal with a gain of Rs 8 a quintal as compared to previous day’s close of Rs 2309.50 a quintal. There is news that Brazil crop may damage due to two weeks continuous heavy rains.
Palm Oil Advances as Drop to Three-Month Low Attracts Buyers
16/03/2011 (Bloomberg) - Palm oil gained for the first time in four days as investors bought the commodity after the price tumbled to more than a three-month low on concern that the quake and tsunami in Japan may shrink demand for raw materials.
Japan Nuclear Crisis Triggers Massive Commodity Sell-off
16/03/2011 (The Hindu Business Line) - Japan's deepening nuclear crisis, triggered by the March 11 earthquake and tsunami, sent shock waves across the commodities market on Tuesday with prices of crude oil, gold, silver, copper and coffee crashing.
Soyabean Tumbles on Production Estimates
16/03/2011 (Commodity Online) - NCDEX April soyabean futures fell sharply due to weak overseas market as higher production estimates of Brazil amid favorable weather condition for crop. Higher production estimates of China’s soyabean coupled with inflationary concern may decline demand of global oilseeds. Higher production estimates of India’s Rabi oilseeds are also in favour of the bears.
The EU’s Conservative and Cautious Approach
16/03/2011 (The Jakarta Post) - Chairman of the European Union (EU) Delegation for Relations with the countries of Southeast Asia and ASEAN, Dr. Werner Langen, was visiting Indonesia from Feb. 21-25, 2011.
Prices of Basic Commodities Starting to Stabilize, DTI Says
16/03/2011 (Manila Buletin) - From a seemingly endless price increases in the past two months, consumers are now assured of a respite as prices of basic goods are stabilizing including flour, cooking oil, milk and sugar.
Palm Oil Drops as Japan Quake Triggers Slump in Crude, Equities
15/03/2011 (Bloomberg) - Palm oil tumbled to the lowest level in more than three months on concern that Japan’s worst earthquake on record may slow global economic recovery, cooling demand for commodities.
Call to End EU Biofuel Perks
15/03/2011 (The Star Online) - Global environmental organisation Wetlands International has called for an end to incentives for biofuels in the European Union (EU).
Palm Oil Prices Fall After Japan Quake
15/03/2011 (The News International) - Malaysian palm oil futures reversed earlier gains on Monday, falling to a three and a half month low as investors sought safe-haven assets after last week’s earthquake in Japan, and easing unrest in the Middle Eastweighed on crude oil.
