Page 2 - Latest Updates on Crude Palm Oil
Palm oil has a severe image problem in India, and it is ruining sales
India, home to more than $5 billion in palm sales a year and the top export market, is no longer enthralled with the oil.
 "Palm oil has a severe image problem in India, and it is ruining sales")
Better Malaysia's relationship with India may boost crude palm oil prices
The newly appointed MPOB Chairman Ahmad Jazlan Yaakub said in a statement the rally will come as a relief to industry participants
 "Better Malaysia's relationship with India may boost crude palm oil prices")
Malaysian palm oil down 1.03% on heightened concerns over demand
The contract marked its third session of losses on Thursday
India raises import tax on crude palm oil to 44% from 37.5% earlier
The hike in import duty on palm oil could prompt buyers to increase purchases of rival edible oils such as soya oil and sunflower oil, traders said
Govt slashes import duty on crude, refined palm oil, move to hurt refiners
A notification in this regard has been issued by the finance ministry. The duty cut has been made under the ASEAN agreement and the India-Malaysia Comprehensive Economic Cooperation Agreement, it said
 "Govt slashes import duty on crude, refined palm oil, move to hurt refiners")
Sharp spike in agro commodities over tepid farm output, high import prices
Threat of poor weather conditions looms. Cold wave and pest attack could damage standing Rabi crops and elevate prices across the board in 2020
 "Sharp spike in agro commodities over tepid farm output, high import prices")
Edible oil gets costlier due to kharif crop damage, global price rise
Floods in key producing regions resulted in major damage to standing kharif soybean crop
 "Edible oil gets costlier due to kharif crop damage, global price rise")
Prices of crude palm oil are set to rise sharply in December quarter
This is due to a forecast of decline in production and expectation of a revival in biodiesel demand in Indonesia, one of the largest producers
 "Prices of crude palm oil are set to rise sharply in December quarter")
Palm oil hits fresh 6-month high on lower output forecast
Data released by a state millers association earlier this week showed slower output growth for the first 20 days of August compared with a month earlier
 "Palm oil hits fresh 6-month high on lower output forecast")
Muted demand drags down crude palm oil futures by 0.66%
Market analysts said offloading of positions by traders influenced crude palm oil prices at futures trade
 "Muted demand drags down crude palm oil futures by 0.66%")
Crude palm oil futures up 0.25% as demand picks up
At the MCX, crude palm oil for delivery this month edged up by Rs 1.30, or 0.25% to Rs 518.40 per 10 kg
 "Crude palm oil futures up 0.25% as demand picks up")
Palm oil up 0.3% on uptick in demand
Oil for delivery in August gained Re one, or 0.20%
Crude palm oil down 0.8% on profit booking
Oil for delivery in August traded lower by Rs 1.60 or 0.33%
Crude palm oil down 0.3% on low demand
Offloading of positions by participants owing to slackened demand in the spot market influenced the commodity prices
Crude palm oil up 0.3% on positive global cues
Oil for delivery in July contracts traded higher by Rs 1.20, or 0.24%
Palm oil up 0.3% as demand picks up
Oil for delivery in far-month July contracts edged up by 40 paise, or 0.08%
Crude palm oil edges higher on pick up in demand
Oil for delivery in June contracts edged up by 40 paise or 0.08%
Uptick in demand lifts crude palm oil futures by 0.92%
Oil for delivery in June contracts traded higher by Rs 4.50 or 0.89%
Palm oil down 0.7% on profit-booking
Oil for delivery in June traded lower by Rs 1.90 or 0.36%
Crude palm oil extends losses in futures trade on muted demand
Analysts said offloading of positions by participants is due to sluggish demand in the spot markets
