Asking prices for rapeoil on the European vegetable oils market dropped slightly on Monday, pressured by renewed weakness in energy markets. "It was a slow Monday with tropical oils uneventful due to a Malaysian public holiday. Otherwise the only lead was
Malaysian palm oil futures stretched their losses into a second straight session on Thursday to hit a four-day low, tracking weak crude and competing vegetable oil prices. Palm oil prices have come under pressure in the absence of an expected pick-up in i
Malaysian palm oil futures staged a turnaround on Tuesday to notch modest gains as traders grew bullish on more pronounced forecasts of lower production. The palm oil contract for April on the Bursa Malaysia Derivatives Exchange rose 0.3 percent to 2,477
Growth in China's palm oil imports, under pressure due to a slowing economy, will suffer another setback this year as the country taps into ample global supplies of the rival oilseed soyabean to feed its expanding livestock sector.
A lag in sowing in India's parched farms and the warmest winter in some areas in at least five years could hit rapeseed production and reduce its oil content, farmers and traders said, raising the prospect of higher vegetable oil imports. Prices of rapese
Palm oil prices on the European vegetable oils market rose on Wednesday following a recent run of bullish news, including lower stocks for both US soyabeans and Malaysian palm oil.
Malaysian palm oil futures fell on Thursday to reverse its morning session of gains as demand for the vegetable oil wanes on slowing exports. The palm oil contract for March on the Bursa Malaysia Derivatives Exchange lost 0.4 percent to 2,402 ringgit ($54
India has developed a new variety of rapeseed as part of Prime Minister Narendra Modi's push to cut imports of vegetable oils, the country's third-biggest import item after crude oil and gold. The new rapeseed variety will have higher oil content and lowe
Malaysian palm oil futures fell on Tuesday as global crude oil prices tumbled to 12-year lows this week, with declining production data from a government body doing little to boost market sentiment. The palm oil contract for March on the Bursa Malaysia De