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CPO price discount to soybean oil widening, may result in demand for CPO
PETALING JAYA: Crude palm oil (CPO) price discount to its main competitor, soybean oil, is expected to widen by about US$70 to US$100 per tonne after trading at almost zero discount in February, say analysts. Should the price discount gap gets bigger, analysts project that demand for CPO could increase in the coming months.
China to remove soybean oil, rapeseed oil, palm oil import quotas
SHANGHAI: China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday.
CPO price falls in line with soybean oil
The price of crude palm oil (CPO) fell below RM1,900 per tonne yesterday, tracking the sharp downturn in the price of soybean oil overnight on the Chicago Board of Trade (CBOT) as well as lower crude oil prices.
Palm oil futures jump, tracks soybean oil
Crude palm oil (CPO) futures for third month delivery rose to a high of RM3,056 on Wednesday, tracking gains in soybean oil, the highest since July 17.
France wants to be fair to palm oil, soybean oil producers
KUALA LUMPUR: The French government wants to be fair to palm oil and soybean oil producers, said France’s Ambassador to Malaysia, Christophe Penot.
China soybean oil hits 4-month low, tracks Malaysia
SINGAPORE: China's soybean oil futures fell to a 4-month low on Monday after trade resumed following a week-long holiday and in line with steep losses on the Malaysian palm oil market last week.
CPO futures drop on weak Chicago soybean oil, ringgit
KUALA LUMPUR: Palm oil for January 2018 delivery drops as much as 0.7% to RM2,778 a tonne on Bursa Malaysia Derivatives on Monday.
Palm falls, following weakness in soybean oil
KUALA LUMPUR: Malaysian palm oil futures dropped on Thursday, tracking weak soyoil prices and as traders awaited price forecasts from an industry conference.
CPO rebounds on widening discount to soybean oil
PETALING JAYA: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded to close higher after falling to its lowest level in almost one year at RM2,905 per tonne on Monday.
Crude palm oil rises on dry weather fears, set for 4th straight gain
SINGAPORE: Malaysian palm oil futures edged up on Monday and were set for a fourth straight session of gains, tracking higher soybeans and soybean oil on persistent concerns over dry weather in Argentina.
