Malaysian palm oil futures fell for a second straight session on Friday, logging in a total loss of 4.8%, tracking cheaper rival oils and on worries of lower demand from India due to a surge in COVID-19 infections in the world's top vegetable oil importer.
The Ministry of Plantation Industries and Commodities (KPPK) has taken enforcement action against 56 Malaysian Palm Oil Board (MPOB) licensees for manipulation of oil palm weighing scales under the MPOB (Licensing) Regulations 2005.
Indonesia’s crude palm oil production and exports surged in March on-year, while end-stocks remained low, signalling prospects of higher prices in the near future, an official at the country’s palm oil association GAPKI said on Wednesday.
New Delhi — Agribusiness major Wilmar International said April 29 it expects the sustained strong pricing environment in palm oil to boost its palm oil plantation business in the coming months, but that there is likely to be an impact on its manufacturing margins.
BUENOS AIRES — Argentina's stalled soy harvest is set for a boost from a period of expected dry weather, meteorologists and grains analysts said, after recent heavy rains in key farming areas had slowed down farmers gathering in their crops.