Malaysian palm oil futures extended gains for a second day on Thursday, as the ringgit weakened and they tracked higher prices of rivals on the Dalian Commodity Exchange, although weaker crude oil prices capped the gains. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange edged 7 ringgit higher, .
Indonesia’s palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country’s palm oil association (GAPKI) said on Tuesday. The expected decline at the world’s top producer is due to a sharp drop of crude palm oil exports and output issues stemming from .
Indonesia's palm oil exports and production in 2021 are both likely to fall for a second straight year, the vice chairman of the country's palm oil association (GAPKI) said on Tuesday.
Global production of the top four vegetable oils – palm, sunflower, soy and rapeseed oils – is likely to rise the highest in four years, leading analyst Thomas Mielke said on Tuesday. The production of the four oils is estimated to rise by 6.3-6.8 mln tonnes in the 2021/2022 crop year altogether, Mielke said, after .