|
CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
FEATURE: Brazilian soybean sales expected to remain elevated in 2021
After a year of soaring sales and low ending stocks, the Brazilian soybean farmers are likely to witness another year of high supply and demand scenario in 2021, on the back of a weak currency forecast.
Manitoba increases ethanol, biodiesel blending requirements
The Manitoba government on Dec. 22 announced that it will step up its ethanol and biodiesel blending requirements over the next two years, requiring E10 and B5 blends of gasoline and diesel by the start of 2022.
High CPO prices to stay until Q1 2021
The Malaysian Palm Oil Board (MPOB) expects the current high prices of crude palm oil (CPO) trading above RM3,000 per tonne mark will continue until the first quarter of 2021, given the tight supply situation.
UK, EU reach a post-Brexit deal
UK and European Union (EU) officials reached a post Brexit deal on ‘zero tariff – zero quota’ policy
Traders shift to exporting soybean oil as palm oil loses lustre after India’s restriction
Soybean oil has shot up to the top of the list of Nepal's largest exports, knocking palm oil from the number-one spot, as traders changed tack to keep exploiting trade preferential loopholes after the Indian government squeezed palm oil imports.
Crude palm oil: Tax cut to push up imports from Malaysia
After the Centre reduced the basic import duty on crude palm oil (CPO) from 37.5 per cent to 27.5 per cent last month, the Malaysian government announced that it will start imposing export tax on CPO at 8 per cent with effect from January 2021.
India Not Ready For RCEP – Analysis
With the pandemic, India’s ambition of achieving aUS$5 trillion economy by 2024 is unattainable, requiring GDP to double with herculean average annual growth rates of 23–24 per cent.
Joe Biden as US President may review ‘mini deal’ with India
The US was still unimpressed and its focus of negotiations, before the American election, increasingly shifted to selling more farm goods to India.
China's palm oil futures no threat for now
Traders believe a recent move by China’s Dalian Commodity Exchange to open its palm oil futures contract to international investors should provide a certain degree of competition but it will not impact Bursa Malaysia Derivatives (BMD) in the short term.
