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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
Palm oil prices extend gains on supply woes after Malaysia floods
Crude palm oil prices rose for the second day supported by concerns about supply following floods in Malaysia and persisted labour shortages.
CPO price to remain elevated in 1Q22
THE price of crude palm oil (CPO) is expected to remain elevated until the first quarter of 2022 (1Q22), supported by the La Nina phenomenon and seasonally lower production cycle.
CPO futures hit four-week high on Jan 4 on concerns over lower output
KUALA LUMPUR (Jan 4): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a four-week high on Tuesday (Jan 4), on concerns worsening floods in Peninsular Malaysia will disrupt production.
Palm oil may retest resistance at 4,873 ringgit
SINGAPORE: Palm oil may retest a resistance at 4,873 ringgit per tonne, a break above which could lead to a gain to 4,948 ringgit.
Ministry to continue market operations for edible oil prices
Jakarta (ANTARA) - The government will continue its market operations in traditional markets as well as for modern retailers in a bid to stabilize the price of edible oil.
VEGOILS-Palm jumps over 3% as floods, labour shortage spark supply concerns
KUALA LUMPUR, Jan 3 (Reuters) - Palm oil futures began the new year on a strong note on Monday, jumping more than 3%, as recent floods in several states in Peninsular Malaysia and shortage of labour caused supply concerns.
Trade Minister Urged to Maintain Cooking Oil Price Stability
TEMPO.CO, Jakarta - President Joko Widodo a.k.a. Jokowi has urged Trade Minister Muhammad Lutfi and ministry officials to maintain domestic cooking oil price stability following the recent commodity price hike.
GRAINS-Soy rallies on South American weather concerns
PARIS/SINGAPORE, Jan 3 (Reuters) - Chicago soybean futures prices rose by about 1.5% on Monday, supported by weather risks for South American crops as well as supply concerns in vegetable oil markets.
Latin America soybean crush set to rise despite headwinds
The Argentinian and Brazilian soybean crush volumes look set to rise in 2022 despite several domestic challenges, according to analysts.
