|
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
Plantation companies to enjoy good near-term earnings prospects
This is due to the CPO price that is expected to remain at elevated levels in the near-term and to trend down more noticeably in 2022
Lower import duty likely on edible oils
India is likely to lower the effective import duty on edible oils to provide some respite to households from rising prices.
India's palm oil imports hit yearly high in August: advance estimates
India's palm oil imports in August surged by about 84% from a month before, according to shipping data and advance estimates seen by S&P Global Platts, making it the largest single month purchase of palm oil in the current marketing year 2020-21 (November–October).
EU soybean imports in the 2021/22 campaign fall to 2.46 million tonnes as of September 5
PARIS, Sept 7 (Reuters) – European Union soy imports in the 2021/22 season that began in July fell to 2.46 million tonnes through Sept. 5 from 2.97 million tonnes at the same time. of the previous campaign, according to data published Tuesday by the European Commission.
VEGOILS-Palm oil hits 10-day closing high, rising stock forecast weighs
KUALA LUMPUR, Sept 6 (Reuters) - Malaysian palm oil futures rose for a third straight day on Monday, closing at its highest in 10 days on hopes of better demand in September, even as expectations of an increase in stocks and production capped gains.
Palm oil tracks rivals higher; rising stock outlook weighs
Malaysian palm oil futures ticked up for a third straight session on Monday, tracking rival Dalian oils, although expectations of a jump in stockpile and production capped gains.
CPO futures close higher on solid export data
KUALA LUMPUR (Sept 6): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, as export performance showed strength based on numbers by cargo surveyors, a dealer said.
Palm oil may retreat into 4,155-$4,251 ringgit range
SINGAPORE: Palm oil may retreat into a range of 4,155 ringgit to $4,251 ringgit per tonne, following its failure to break a resistance at 4,358 ringgit.
Strategie Grains trims EU rapeseed crop estimate
PARIS: Strategie Grains has slightly reduced its monthly forecast for this year's European Union rapeseed harvest, to 16.93 million tonnes from 17.03 million, it said in an oilseed report. The latest estimate would be 1.9% above 2020 output of 16.61 million tonnes, the French consultancy said.
