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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
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
GRAINS-SOYBEANS EXTEND GAINS INTO THIRD SESSION ON STRONG DEMAND
Global palm oil output to grow by 3.5-4 mln T in 2021/22 - analyst Mielke
KUALA LUMPUR, Oct 18 (Reuters) - Global palm oil production will increase by 3.5-4 million tonnes in the 2021/22 crop year to almost 80 million tonnes, leading analyst Thomas Mielke forecast on Monday.
Palm oil caps worst day in 4 weeks as competition tightens
PALM oil posted its biggest daily decline in almost four weeks, retreating from a record as a stronger ringgit and tight competition from rival vegetable oils increased pressure on the market.
Telangana starts raising oil palm seed sprouts from Malaysia
ADILABAD: In a first, the authorities concerned have started raising the oil palm seed sprouts imported from Malaysia in a nursery spread over 10 acres at Madamapur area in Talamadugu. According to sources, the State government has entrusted a private company with the responsibility of managing the nursery and ensuring the proper growth of the plants.
Palm posts biggest loss in nearly a month
Malaysian palm oil futures declined more than 2% on Tuesday, their sharpest intraday fall in nearly a month, as a slump in early October exports outweighed support from tightening inventories.
Entry of foreign workers into M’sia: Timely boost to palm oil industry
Soppoa chief executive officer Felix Moh said this is the most refreshing and welcomed news for the palm oil industry here as Sarawak has very acute shortage of foreign workers which had adversely affected the industry since the Movement Control Order (MCO) was enforced in March 2020.
Rethink palm-oil atmanirbharta
Imports meet 50% of India’s edible oil demand, and over 55% of these imports is palm-oil, making India the world’s largest importer of palm oil. This also makes India vulnerable to price fluctuations, as evident from prices jumping by 60% between June 2020 and June 2021, leading to edible-oil inflation of 32.5% in July 2021
Food prices rise to highest level in a decade amid labor shortage and supply crisis
Food prices have reached their highest level in a decade as the coronavirus continues to wreak havoc on businesses left reeling from a labor shortage and issues within the supply chain.
Rising CPO demand to continue into October
Higher demand from China, India and the European Union (EU) pushed up the crude palm oil (CPO) exports in September 2021 by 36.8 per cent month on month (m-o-m) to 1.60 million metric tonnes (MT) from 1.17 million MT in the previous month.
