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Insufficient supply of soybean meal helping CPO prices
KUALA LUMPUR: Global edible oil prices are nearing their peak but may be slow to decline to previous levels due to low stocks, a slow recovery in output and higher global use in biofuel production, leading analysts said on Wednesday.
The POC 2021 conference would be most exciting this year, at a time when the current price of crude palm oil (CPO) is trading above RM4,000 per tonne, which is over a decade-high level
KUALA LUMPUR: Palm oil futures fell for a second day from the highest level in a decade on worries about delays in biodiesel programmes in top growers Indonesia and Malaysia, although a tight supply outlook capped losses.
KUALA LUMPUR: Malaysia's B20 biodiesel mandate will be delayed by about six months to early 2022, said Plantation Industries and Commodities Ministry secretary general Ravi Muthayah.
SINGAPORE/JAKARTA: Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the COVID-19 pandemic push prices up further, analysts told a virtual palm oil conference on Thursday.
However, consumption is likely to increase by 1.6 million tonnes
KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.
KUALA LUMPUR/ MUMBAI: Palm oil prices are likely to jump in the first half of 2021, three leading industry analysts said in a webinar on Thursday, as La Nina weather pattern is set to hit edible oil supplies amid lower soybean crushing in Argentina and rising sunflower oil prices.