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CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Heatwave to hit Argentina, further stressing corn, soybean crops
BUENOS AIRES, Jan 6 (Reuters) - Most of Argentina's agricultural region will be hit in the coming days by a heatwave accompanied by little or no rainfall, adding pressure to adverse conditions that its corn and soybean crops have suffered for weeks, the Buenos Aires Grains Exchange said on Thursday.
Soybeans And Wheat Close Lower | Thursday, January 6, 2022
At the close Thursday, soybean and wheat futures trimmed today's earlier losses but still ended in the red.
Zuraida: Palm oil industry to maintain positive performance in 2022
PUTRAJAYA: The palm oil industry, being the fourth largest contributor to Malaysia’s economy, is expected to maintain its 2021 performance in 2022, backed by various marketing and promotional efforts to be conducted by the Ministry of Plantation Industries and Commodities and its agencies.
Concerns over weak output push CPO prices higher
KUALA LUMPUR (Jan 5): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives climbed higher at Wednesday’s closing on concerns over weak output.
CPO prices to stay high in first quarter
PETALING JAYA: Tight supply is expected to sustain crude palm oil (CPO) prices at current elevated levels in the early part of this year.
Maybank Research: Supply disruption expected to support CPO prices
KUALA LUMPUR (Jan 5): Maybank Research is positive on regional plantations as fear of supply disruption due to sporadic flooding across the country will continue to support crude palm oil (CPO) prices.
Palm oil faces resistance at 4,948 ringgit
SINGAPORE: Palm oil faces a resistance at 4,948 ringgit per tonne, a break above could lead to a gain into the 4,994-5,069 ringgit range.
Palm hits 9-week closing high on tight supply view, flood woes
KUALA LUMPUR: Malaysian palm oil futures ended Wednesday at a nine-week high, underpinned by forecasts of a drop in December inventory levels and worries over floods disrupting output in the world’s second-largest producer of the commodity.
Heavy rains in Peninsular Malaysia drive palm oil supply concerns
Crude palm oil futures rose as high as 4% on the Malaysian commodities exchange on Jan. 3, driven by concerns that heavy rains across seven states in Malaysia may slow palm oil production at the world's second largest producer.
