Continuing its losing streak for the third day, crude palm oil prices fell by 0.45 per cent to Rs 486.50 per 10 kg in futures trading today as speculators engaged in reducing positions, triggered by easing demand in the spot market.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 16.

14/06/2017 (The Star Online) - PUTRAJAYA: Malaysia initiated a special palm oil mission to the European Parliament in Strasbourg, France, on June 12-13 to discuss the European Union's (EU) resolution on palm oil and deforestation.

15/06/2017 (The Star Online) - KUALA LUMPUR: Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China's Dalian Commodity Exchange.

13/06/2017 (Mongabay.com) - The Norwegian parliament voted today to ban the public procurement and use if palm oil-based biofuel – possibly becoming the first country to do so.

14/06/2017 (Seeking Alpha) - As reported by Chain Reaction Research, the palm oil industry's transformation towards sustainability gained traction in 2013 when major purchaser Unilever engaged SE Asian refiners and traders to embrace 'No Deforestation' policies. As a result, in 2013, Wilmar was the first SE Asian refiner or trader to adopt a No Deforestation, No Peat, No Exploitation (NDPE) policy. Many other trading companies in SE Asia, Europe, U.S., and Latin America followed suit. Currently, most large international palm oil traders and refiners have NDPE policies.

14/06/2017 (The Economic Times) - NEW DELHI: Palm oil import rose 21.58 per cent to 7,99,346 tonnes in May because domestic vegetable oil output fell as farmers were reluctant to sell oilseeds below the minimum support price for processing, industry body Solvent Extractors Association (SEA) said today.

14/06/2017 (Hellenic Shipping News) - Malaysian palm oil exports during rose 17.33% on the month in May to 1.51 million mt, driven by Ramadan and Eid Ul Fitr festival demand from destination markets like Bangladesh, India, Pakistan and Egypt, data from the Malaysian Palm Oil Board showed.

14/06/2017 (Food Ingredients First) - Some of the largest global players in palm oil have teamed up with NGOs to save orangutans endangered because of habitat loss, forming a new alliance to help the animals and other wildlife in landscapes impacted by the ever-increasing industry. The group includes leaders in palm oil such as Wilmar, Sime Darby and Musim Mas, together with the Orangutan Land Trust and a number of wildlife conservation experts and NGOs, to form the PONGO Alliance.

14/06/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.