Indian Govt. has reduced the Import duty on crude palm oil to 40 per cent from 44 per cent from Southeast Asian (Asean) countries after a request from suppliers, while on refined palm oil is import duty […]
Malaysia palm oil future prices increased more than 1%, on weak fundamentals projections slo wing output in Malaysia and easing stock levels in Indonesia supported the prices. This month MPOB data, Malaysian palm oil production has […]
Malaysian palm oil futures pared some losses on Monday during the second half of trade, as official data showed lower-than- forecast inventory levels, but still ended lower after falling as much as 1 percent. The benchmark […]
The Soybeans Processors Association of India sent a letter to the Indian ministry of Commerce and Industry on Wednesday, which was released late Thursday, urging the government not to reduce the duty on crude palm oil […]
Futures contracts of most components of the edible oils basket, barring soybean, fell on the domestic exchanges on Friday. Soybean futures on National Commodity and Derivatives Exchange settled 0.4% higher in line with gains key contracts on Chicago Board […]
Soybean Processors Association of India has requested the government not to cut import duty on crude and refined palm oils to comply with trade pacts signed with Southeast Asian countries. “We have taken up the matter […]
Malaysia CPO down on strong ringgit, higher stocks
Futures contracts of crude palm oil on Bursa Malaysia Derivatives fell marginally taking cues from soyoil contracts on CBOT. Prices of crude palm oil and soy oil typically move in tandem, as both are used as substitutes for each other.
Malaysia CPO down tracking CBOT soyoil cues.
Futures contracts of crude palm oil on Bursa Malaysia Derivatives up tracking soyoil contracts on CBOT and due to concern about lower output in the coming months. The most-active December crude palm oil contract on the Malaysian bourse at 2,741 ringgits (42,175 rupees) per MT, up 27 ringgits from previous close. A weak ringgit against the dollar is also seen pushing prices of the palm oil higher
Malaysia CPO up on CBOT cues, low output concern.
Malaysia CPO up tracking CBOT soy oil, high exports.