KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger overnight soybean oil price on the Chicago Board of Trade.
Palm oil trader David Ng said expectation of a higher stockpile in coming weeks may, however, weigh on prices going forward. We locate support at RM3,680 and resistance at RM3,800, he told Bernama.
Meanwhile CGS-CIMB Futures said India s palm oil imports were poised to rebound in March after halving last month when a strong price rally made processing unprofitable.
At the close, the CPO futures contract for March 2021 gained RM39 to RM3,939 per tonne, April 2021 rose RM43 to RM3,884 per tonne, May 2021 added RM53 to RM3,731 per tonne, and June 2021 climbed RM43 to RM3,588 per tonne.
The Crude Palm Oil (CPO) continuous futures contract on the Multi Commodity Exchange of India (MCX) has advanced 0.8 per cent on Monday and trades at around ₹1,049 per 10 kg.Since the contract took su
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Required fields Malaysia s palm oil exports were down 42% on month at 947,000 metric tons in January, the Malaysian Palm Oil Board said. The following are details of the January crop data and revised numbers for December, issued by MPOB: January December Change On Month Crude Palm Oil Output 1,126,629 1,333,639 Dn 15.52% Palm Oil Exports 947,395 1,642,835 Dn 42.33%
Palm Kernel Oil Exports 62,432 145,551 Dn 57.11% Palm Oil Imports 165,198 282,058 Dn 41.43% Closing Stocks 1,324,963 1,265,698 Up 4.68% Crude Palm Oil 640,781 583,811 Up 9.76% Processed Palm Oil 684,182 681,887 Up 0.34% This content was automatically published based on data and/or text from the original source. For feedback, write to singaporeeditors@dowjones.com. (END) Dow Jones Newswires
Read more about Godrej Agrovet Q3 PAT soars 33% to Rs 68 cr on Business Standard. On a consolidated basis, Godrej Agrovet s net profit jumped 33.1% to Rs 68.09 crore on 14.4% decline in net sales at Rs 1,523.44 crore in Q3 December 2020 over Q3 December 2019.
Tuesday, 02 February, 2021, 08 : 00 AM [IST]
Ashwani Maindola, New Delhi
Finance Minister Nirmala Sitharaman has announced expansion of the scope of Operation Greens to boost export of agricultural commodities. She said that to boost value addition in agriculture and allied products and their exports, the scope of âOperation Greens Schemeâ that is presently applicable to tomatoes, onions, and potatoes, will be enlarged to include 22 perishable products.
Also, she announced Agricultural Infrastructure and Development Cess aimed at improving infrastructure for the agriculture sector. The Agriculture Infrastructure Funds would be made available to APMCs for augmenting their infrastructure facilities.
âThere is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently and resulting in enhanced remuneration for the farmers,â she said while tabli