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South American soybean oil hits more than 3-year lows amid sluggish demand, lower futures

South American soybean oil hits more than 3-year lows amid sluggish demand, lower futures
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Flat demand and overflowing tanks pressure Indonesia s palm oil exports | Hellenic Shipping News Worldwide

Flat demand and overflowing tanks pressure Indonesia s palm oil exports | Hellenic Shipping News Worldwide
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Malaysia s palm oil stocks above expectations on higher-than-projected output in May

Malaysia’s palm oil stocks were better than expected in end-May as the monthly fall in production was lower than was projected, data from the nation’s official palm oil body showed June 10. Crude palm oil production fell to 1.46 million mt in May, down 0.07% from April according to the Malaysian Palm Oil Board, or .

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Latin America soybean oil prices retreat 9% from record highs | Hellenic Shipping News Worldwide

Soybean oil prices in South America have lost nearly 9% since the April 28 record high, as sluggish demand from destinations and increasing supplies from Argentina and Brazil impacted market sentiment. Both Argentinian FOB Up River and Brazilian FOB Paranagua front-month outright prices were assessed at $1,745.40/mt on May 23, down 8.6% and 8.3%, respectively .

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Indonesia to lift ban on palm oil exports from May 23, trade reactions vary | Hellenic Shipping News Worldwide

Indonesia, the world’s largest palm oil producer and exporter, will lift a late April ban on the exports of palm oil products from May 23, President Joko Widodo said in a live broadcast, May 19. “The national demand for cooking oil is 194,000 mt per month and in March before the export ban was imposed .

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