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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.
SHANGHAI: China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday.
KUALA LUMPUR: The French government wants to be fair to palm oil and soybean oil producers, said France’s Ambassador to Malaysia, Christophe Penot.
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.
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.
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.