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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
Edible oil prices down Rs 8-10 per kg in last 30 days, may fall further: Industry
11/12/2021 (Money Control Online) - Edible oil prices declined by Rs 8-10 per kg in last one month mainly on the back of lower import duties and may fall by Rs 3-4 per kg in coming months on higher domestic output of oilseeds and bearish trend in global markets, according to industry body SEA.
Tanzania eyes edible oils market
11/12/2021 (The East African) - Tanzania is now working closely with Uganda to study best practices that will help boost production of edible oil seeds going by Kampala’s success in producing palm oil.
CPO futures to trade with upward bias next week
11/12/2021 (The Star) - KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, a dealer said.
Palm oil producers adjust to labour shortages, higher recruitment costs
KUALA LUMPUR: Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to Covid-19 and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
EU sees biofuel consumption fall by 2031, palm oil imports slump
PARIS: Biofuel consumption in the European Union is set to fall by 2031 as road transport moves away from fossil fuel, while palm oil imports would plummet, slashed by stricter environment regulation, the European Commission said on Thursday.
Ministry teams up with palm oil think tank to present thorough case to EU
KUALA LUMPUR (Dec 9): The Ministry of Plantation Industries and Commodities is engaging with a think tank in the palm oil industry to present a thorough case to the European Union (EU) in January next year to address the anti-palm oil campaign and forced labour allegations.
Commodity prices to ease in 2022, says Fitch Solutions
KUALA LUMPUR (Dec 10): Fitch Solutions Country Risk & Industry Research expects commodity prices to ease in 2022 from current levels and forecast most commodity prices to average lower on a year-on-year (y-o-y) basis as supply improves and demand growth eases.
Brazil to harvest 142.8m mt of soybeans, 117.2m mt of corn: Conab
Brazil is expected to produce142.8 million mt of soybeans and 117.2 million mt of corn in the 2021/22 marketing year, the country’s food agency Conab showed in its third 2021/22 crop estimates report released Thursday.
CPO futures end lower on weaker soybean oil price
KUALA LUMPUR (Dec 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following weakness in the overnight Chicago Board of Trade's (CBOT) soybean oil market and the Dalian Commodity Exchange during Asian trading hours.
