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Prices of edible oil skyrocket

MSN - 1/17/2021 3:55:00 AM
The abnormal surge in the prices of edible oil in local market has added to the woes of common people amid the ongoing Covid-19 pandemic.The cooking oil prices are rising due to decreased production i

NCDEX Ref. Soya Oil under fresh selling; Resistance seen at 1167

Commodity Online - 1/14/2021 6:35:00 AM
Technically Ref. Soya Oil market is under fresh selling as market has witnessed gain in open interest by 3.87% to settled at 35385 while prices down 18 rupees.<br /><br />Now NC

CPO prices to trade at high levels in first half

The Star - 1/8/2021 1:44:00 AM
Research has raised its CPO average selling price for 2021 to RM3,000 per tonne from RM2,600 per tonne. It said as of Jan 6, CPO future contract for both Jan and Feb hit RM4,000 per tonne due to stronger soyoil price and concerns of weak CPO production continuing in the first quarter of this year (1Q21).

Commodities Buzz: USDA Sees World Oilseeds Production Relatively Unchanged, Expects Modest Drop In Soybean Output

India Infoline - 1/13/2021 4:51:00 AM
USDA noted in a latest monthly update that foreign 2020/21 oilseed production is relatively unchanged, with higher sunflowerseed mostly offset by lower soybean, cottonseed, peanut, rapeseed, and palm kernel output.

Prospects for palm oil bright this year despite pandemic, says board

Free Malaysia Today on MSN.com - 1/11/2021 6:47:32 AM
BANGI: The Malaysian Palm Oil Board (MPOB) foresees improvements in the palm oil sector for the coming year despite the Covid-19 pandemic. MPOB director-general Ahmad Parveez Ghulam Kadi said this included an expected increase in crude palm oil (CPO) production by 2.

Mercaris Delivers Record Organic Trading Growth in 2020

Associated Press - 1/12/2021 9:55:00 AM
Trade of organic commodities did not stop despite the challenges from the global pandemic for the food and agriculture industry in 2020. In fact, Mercaris reports a 48 percent increase in volumes transacted via their online platform in comparison to 2019.

Palm Set for Best Year Since 2011 With La Nina in Spotlight

Bloomberg - 1/15/2021 9:39:00 PM
The “biodiesel subsidy program came under great pressure in 2020 amidst low crude prices and elevated palm oil prices,” said Aurelia Britsch, head of commodities at Fitch Solutions.

Indian farmers fighting government reforms…

LinkedIn - 1/13/2021 12:00:00 AM
Written by Peter McMeekin for Grain Brokers Australia on January 11, 2021. Millions of farmers from the Indian food bowl states of Punjab and Haryana have been protesting against Prime Minister Narend

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