|
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
Patchy Indian monsoon set to cheer palm traders 3,000 miles away
Faltering monsoon rains in India are posing a risk to domestic soybean and peanut crops, and may prompt the world’s biggest palm oil importer to boost purchases from top growers Indonesia and Malaysia.
Palm ends over 1% higher on stronger crude, rival oils
Malaysian palm oil futures reversed early losses on Monday, tracking sharp gains in rival oils and crude futures, but expectations of a buildup in August stockpile capped gains.
Palm oil may fall to 4,125 ringgit
SINGAPORE: Palm oil may drop to 4,125 ringgit per tonne and stabilise around this level thereafter.
Palm recoups early losses on COVID-fuelled supply worries
Malaysian palm oil futures recouped most of their early losses on Monday, tracking gains in rival oils and as supply concerns fuelled by rising COVID-19 cases countered weak exports and lower Indian import duties on soyoil and sunflower oil.
Palm drops more than 1% on cheaper Dalian oils, weak exports
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Monday, heading for a fifth session of drop in six, as cheaper rival Dalian oils and weak exports weighed on the market.
India Lowers Soyoil, Sunflower Oil Import Tax To Reign In Prices
India has cut base import taxes on crude and refined soyoil and sunflower oil to 7.5% from 15% for six weeks, a government order showed, as the world's biggest vegetable oil buyer tries to cool near record high prices.
COLUMN-Funds' bullish CBOT bets reach multi-week highs after USDA data –Braun
FORT COLLINS, Colo., Aug 22 (Reuters) - Smaller-than-expected supplies forecast by the U.S. government earlier this month helped extend speculators’ buying streak across Chicago grains and oilseeds, but sinking prices since then have gone against those bets and the enthusiasm may be on the decline.
European RSO spot prices hike on crushing suspensions
European rapeseed oil (RSO) spot prices hit a multi-month high last week, as the suspension of rapeseed crushing at plants in Germany and France curbed supplies.
Oil, ghee manufacturers agree to reduce prices
ISLAMABAD: The PakiÂstan Vanaspati ManuÂfactÂurers Association (PVMA) has agreed in principle to take measures in the next couple of days to bring down prices of edible oil/ghee.
