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Palm falls nearly 10% on cheaper US soyoil

SINGAPORE: Malaysian palm oil futures fell nearly 10% on Monday, on track for their biggest drop in more than 16 months, as rival Chicago Board of Trade soyoil declined amid worries over a possible U.S. move to reduce biodiesel production.

Malaysia May palm oil exports, stocks miss market expectations | Hellenic Shipping News Worldwide

Malaysia’s palm oil production and exports missed industry expectations in May, while domestic consumption surged, data released by the Malaysian Palm Oil Board or MPOB showed. Palm oil exports fell 6% month on month to 1.265 million mt in May. This was well below the median estimate of 1.345 million mt, according to a Platts .

India palm oil imports from Thailand spike as price pressures mount: sources | Hellenic Shipping News Worldwide

India’s palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin. More than 90,000 mt of Thai palm oil arrived in India by May 21, a market source told S&P .

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