В СФУ создают собственную технологию получения дизельного топлива из фритюрного масла
Сибирский федеральный университет (СФУ) создает собственную технологию утилизации отработанного подсолнечного масла путем его переработки в биодизель, сообщили в четверг в пресс-службе программы Минобрнауки России "Приоритет 2030". Разработка позволит снизить экологические риски, связанные с выбросом пищевых отходов, и одновременно произвести биотопливо, не уступающее по своим эксплуатационным характеристикам нефтяному дизелю.
Сибирский федеральный университет (СФУ) создает собственную технологию утилизации отработанного подсолнечного масла путем его переработки в биодизель, сообщили в четверг в пресс-службе программы Минобрнауки России "Приоритет 2030". Разработка позволит снизить экологические риски, связанные с выбросом пищевых отходов, и одновременно произвести биотопливо, не уступающее по своим эксплуатационным характеристикам нефтяному дизелю.
В Россию запретят ввозить семена подсолнечника компании Syngenta из Испании и Франции
Россельхознадзор с 21 ноября запрещает поставки семян подсолнечника компаний Syngenta Espana S.A. и Syngenta France SAS, сообщило ведомство. В этих семенах обнаружен грибок фомопсис подсолнечника, карантинный объект для России и ЕАЭС, объяснили в ведомстве.
Россельхознадзор с 21 ноября запрещает поставки семян подсолнечника компаний Syngenta Espana S.A. и Syngenta France SAS, сообщило ведомство. В этих семенах обнаружен грибок фомопсис подсолнечника, карантинный объект для России и ЕАЭС, объяснили в ведомстве.
VEGOILS-Palm buoyed by upbeat export data, soft ringgit
JAKARTA, Nov 22 (Reuters) - Malaysian palm oil futures rose on Tuesday, extending a rebound from over a one-month low, as firm exports data and soft ringgit boosted prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.95% to 3,930 ringgit ($859.02) per tonne in early trade. The contract a day earlier hit its lowest level since Oct. 17.
FUNDAMENTALS
Exports of Malaysian palm oil products in Nov. 1-20 rose 8.1% from a month earlier, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Over the weekeend, cargo surveyor Intertek Testing Services said exports in Nov. 1-20 rose 9.6% compared to the same period a month earlier, while independent inspection company AmSpec Agri Malaysia reported a 2.9% increase.
The Malaysian ringgit MYR=, in which the palm benchmark is traded, fell as much as 0.7% against the U.S. dollar on Monday after a general election resulted in a hung parliament, making the edible oil cheaper for holders of foreign currencies. It traded sideways on Tuesday.
Dalian's most-active soyoil contract DBYv1 fell 0.64%, while its palm oil contract DCPv1 rose 1.05%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Shares in the Asia Pacific fell on Tuesday's early trading as the worsening COVID-19 resurgence in China deepened concerns over supply chain disruption and Beijing's slapping strict curbs back again.
Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.
JAKARTA, Nov 22 (Reuters) - Malaysian palm oil futures rose on Tuesday, extending a rebound from over a one-month low, as firm exports data and soft ringgit boosted prices.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.95% to 3,930 ringgit ($859.02) per tonne in early trade. The contract a day earlier hit its lowest level since Oct. 17.
FUNDAMENTALS
Exports of Malaysian palm oil products in Nov. 1-20 rose 8.1% from a month earlier, cargo surveyor Societe Generale de Surveillance said on Tuesday.
Over the weekeend, cargo surveyor Intertek Testing Services said exports in Nov. 1-20 rose 9.6% compared to the same period a month earlier, while independent inspection company AmSpec Agri Malaysia reported a 2.9% increase.
The Malaysian ringgit MYR=, in which the palm benchmark is traded, fell as much as 0.7% against the U.S. dollar on Monday after a general election resulted in a hung parliament, making the edible oil cheaper for holders of foreign currencies. It traded sideways on Tuesday.
Dalian's most-active soyoil contract DBYv1 fell 0.64%, while its palm oil contract DCPv1 rose 1.05%. Soyoil prices on the Chicago Board of Trade BOc2 were up 0.79%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
MARKET NEWS
Shares in the Asia Pacific fell on Tuesday's early trading as the worsening COVID-19 resurgence in China deepened concerns over supply chain disruption and Beijing's slapping strict curbs back again.
Oil prices rose slightly in early Asian trade on Tuesday, a day after Saudi Arabia denied a media report that it was discussing an increase in oil supply with OPEC and its allies.
GRAINS-Wheat firms on U.S. winter crop concerns, Black Sea supplies weigh
SINGAPORE, Nov 22 (Reuters) - Chicago wheat edged higher on Tuesday, as concerns over dryness across the U.S. winter crop regions underpinned the market, although ample supplies from the Black Sea region limited gains.
Soybeans slid on concerns over demand from top importer China, which is facing rising number of COVID-19 cases.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.1% to $8.18-3/4 a bushel, as of 0108 GMT. Soybeans Sv1 lost 0.2% to $14.34-1/2 a bushel and corn Cv1 gained 0.1% at $6.60 a bushel.
The U.S. Department of Agriculture on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week, while analysts on average had expected a 1-point improvement.
The wheat ratings are the lowest for this time of year in USDA records dating to 1986. A year ago, 44% of the winter wheat crop was rated good to excellent.
The newly planted crop has struggled with dry conditions as 75% of the U.S. winter wheat production area is experiencing drought, according to the government.
Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday.
Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note.
Tightened COVID-19 rules in China fuelled worries over the global economic outlook and demand for commodities. Beijing warned it was facing its most severe test of the coronavirus pandemic.
Traders also worried about a potential year-end U.S. rail strike, after workers at the largest rail union voted against a tentative contract deal reached in September.
Winter crops in most of Europe were off to a good start, helped by historically warm weather and sufficient moisture, but a lack of rain is prompting concern in the southern region, the European Union's crop monitor MARS said on Monday.
Commodity funds were net buyers of CBOT soybean, soymeal and soyoil futures contracts on Monday and net sellers of corn and wheat futures, traders said.
MARKET NEWS
Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world's second-largest economy to reinstate lockdowns, triggering worries over the economy.
SINGAPORE, Nov 22 (Reuters) - Chicago wheat edged higher on Tuesday, as concerns over dryness across the U.S. winter crop regions underpinned the market, although ample supplies from the Black Sea region limited gains.
Soybeans slid on concerns over demand from top importer China, which is facing rising number of COVID-19 cases.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 rose 0.1% to $8.18-3/4 a bushel, as of 0108 GMT. Soybeans Sv1 lost 0.2% to $14.34-1/2 a bushel and corn Cv1 gained 0.1% at $6.60 a bushel.
The U.S. Department of Agriculture on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week, while analysts on average had expected a 1-point improvement.
The wheat ratings are the lowest for this time of year in USDA records dating to 1986. A year ago, 44% of the winter wheat crop was rated good to excellent.
The newly planted crop has struggled with dry conditions as 75% of the U.S. winter wheat production area is experiencing drought, according to the government.
Russian wheat prices fell last week amid an extension of the Black Sea deal allowing Ukrainian grain shipments, analysts said on Monday.
Prices for Russian wheat with 12.5% protein content and for supply from Black Sea ports in December were at $314 a tonne free on board (FOB) on Friday evening, down $3.5 from a week earlier, the IKAR agriculture consultancy said in a note.
Tightened COVID-19 rules in China fuelled worries over the global economic outlook and demand for commodities. Beijing warned it was facing its most severe test of the coronavirus pandemic.
Traders also worried about a potential year-end U.S. rail strike, after workers at the largest rail union voted against a tentative contract deal reached in September.
Winter crops in most of Europe were off to a good start, helped by historically warm weather and sufficient moisture, but a lack of rain is prompting concern in the southern region, the European Union's crop monitor MARS said on Monday.
Commodity funds were net buyers of CBOT soybean, soymeal and soyoil futures contracts on Monday and net sellers of corn and wheat futures, traders said.
MARKET NEWS
Global stocks and oil prices slipped on Monday as a spike in COVID-19 cases and newly recorded deaths in China prompted authorities in the world's second-largest economy to reinstate lockdowns, triggering worries over the economy.
Specialty Fats’ Potential in the Maghreb Region
https://mpoc.org.my/specialty-fats-potential-in-the-maghreb-region/
The Maghreb region comprises Algeria, Morocco, Mauritania, Libya and Tunisia. This region is home to more than 100 million people. Among the countries in this region, Algeria, Morocco and Tunisia are the most developed nations in the region as well as on the African continent. The mainstay of the region’s economy is the service and […]
https://mpoc.org.my/specialty-fats-potential-in-the-maghreb-region/
The Maghreb region comprises Algeria, Morocco, Mauritania, Libya and Tunisia. This region is home to more than 100 million people. Among the countries in this region, Algeria, Morocco and Tunisia are the most developed nations in the region as well as on the African continent. The mainstay of the region’s economy is the service and […]
VEGOILS-Palm rises for third day as related edible oils, crude gain
JAKARTA, Nov 23 (Reuters) - Malaysian palm oil futures rose for a third straight session on Wednesday, tracking gains in related oils on the Dalian exchange and crude oil prices, while the ringgit remain soft.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.20% to 4,052 ringgit per tonne in early trade, extending a 4.19% gains over the previous two sessions.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 0.22% higher, while its palm oil contract DCPv1 rose 1.44%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, which the palm benchmark contract is traded in, see-sawed on Tuesday and was little changed in early Wednesday trade, as a political deadlock in the country extended after the election on Saturday resulted in a hung parliament.
Palm oil may test a support at 3,922 ringgit a tonne, a break below which could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices rose in early trade, after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil.
Asian share markets were mostly in positive territory despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world's second-largest economy.
JAKARTA, Nov 23 (Reuters) - Malaysian palm oil futures rose for a third straight session on Wednesday, tracking gains in related oils on the Dalian exchange and crude oil prices, while the ringgit remain soft.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.20% to 4,052 ringgit per tonne in early trade, extending a 4.19% gains over the previous two sessions.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 0.22% higher, while its palm oil contract DCPv1 rose 1.44%. Soyoil prices on the Chicago Board of Trade BOc2 were down 0.21%.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
The Malaysian ringgit MYR=, which the palm benchmark contract is traded in, see-sawed on Tuesday and was little changed in early Wednesday trade, as a political deadlock in the country extended after the election on Saturday resulted in a hung parliament.
Palm oil may test a support at 3,922 ringgit a tonne, a break below which could open the way towards 3,994-4,072 ringgit range, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil prices rose in early trade, after industry data showed U.S. crude stockpiles fell more sharply than expected last week, highlighting supply tightness ahead of a looming European Union ban and G7 price cap on Russian oil.
Asian share markets were mostly in positive territory despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world's second-largest economy.
GRAINS-Wheat slips on more supply prospects; China COVID woes cap soybean gains
KUALA LUMPUR, Nov 23 (Reuters) - Chicago wheat prices slipped on Tuesday, dragged by prospects of more supplies of the grain from the European Union (EU), while a surge in COVID-19 cases in China capped gains on soybeans.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 slipped 0.06% to $8.10 a bushel. Soybeans Sv1 rose 0.16% to $14.32 a bushel, and corn Cv1 rose 0.04% at $6.59-1/2 a bushel.
French wheat sales to China and talk of Polish or German wheat being booked in the United States are creating an unexpected wave of demand for EU supplies after exports had been curbed by Russian competition in recent weeks, traders said.
Brazil's National Association of Grain Exporters said on Tuesday the country's corn exports could jump exponentially next year if farmers harvest a full crop and Chinese demand is strong.
Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel.
The U.S. Department of Agriculture (USDA) on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week - the lowest for this time of the year in USDA records dating to 1986.
Meanwhile, soybean futures gave up some gains on concerns that rising COVID-19 cases in China could dent the country's commodities demand. Authorities are grappling with a spike in cases in major cities, deepening worries about the economy and dimming hopes for a quick reopening.
MARKET NEWS
Global equities rose while U.S. Treasury yields fell as investors awaited the release of the Federal Reserve's meeting minutes for clues on U.S. interest rates and as China's COVID-19 restrictions weighed on sentiment.
KUALA LUMPUR, Nov 23 (Reuters) - Chicago wheat prices slipped on Tuesday, dragged by prospects of more supplies of the grain from the European Union (EU), while a surge in COVID-19 cases in China capped gains on soybeans.
FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 slipped 0.06% to $8.10 a bushel. Soybeans Sv1 rose 0.16% to $14.32 a bushel, and corn Cv1 rose 0.04% at $6.59-1/2 a bushel.
French wheat sales to China and talk of Polish or German wheat being booked in the United States are creating an unexpected wave of demand for EU supplies after exports had been curbed by Russian competition in recent weeks, traders said.
Brazil's National Association of Grain Exporters said on Tuesday the country's corn exports could jump exponentially next year if farmers harvest a full crop and Chinese demand is strong.
Workers at the largest U.S. rail union voted against a tentative contract deal reached in September, raising the possibility of a year-end strike that could cause significant damage to the U.S. economy and strand vital shipments of food and fuel.
The U.S. Department of Agriculture (USDA) on Monday rated 32% of the U.S. winter wheat crop in good to excellent condition, unchanged from the previous week - the lowest for this time of the year in USDA records dating to 1986.
Meanwhile, soybean futures gave up some gains on concerns that rising COVID-19 cases in China could dent the country's commodities demand. Authorities are grappling with a spike in cases in major cities, deepening worries about the economy and dimming hopes for a quick reopening.
MARKET NEWS
Global equities rose while U.S. Treasury yields fell as investors awaited the release of the Federal Reserve's meeting minutes for clues on U.S. interest rates and as China's COVID-19 restrictions weighed on sentiment.
CPO prices to be supported at current levels in near term, say analysts
https://mpoc.org.my/cpo-prices-to-be-supported-at-current-levels-in-near-term-say-analysts/
ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy. Bloomberg data shows that CPO prices, which […]
https://mpoc.org.my/cpo-prices-to-be-supported-at-current-levels-in-near-term-say-analysts/
ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy. Bloomberg data shows that CPO prices, which […]
The 2022 Sustainable Palm Oil Dialogue – a recap
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
https://mpoc.org.my/the-2022-sustainable-palm-oil-dialogue-a-recap/
After two years of being held solely virtually, on 20 October 2022, the 4th Sustainable Palm Oil Dialogue (SPOD) took place in Amsterdam, Netherlands, as an in-person event again. Following the theme: “Securing Sustainability in Turbulent Times,” it was organised by the following three organisations: RSPO – The Roundtable on Sustainable Palm Oil, a not-for-profit […]
Власти Китая приняли решение снова ввести карантин по COVID в столице страны городе Пекине.
VEGOILS-Palm rises on exports data expectations, set for weekly gains
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
JAKARTA, Nov 25 (Reuters) - Malaysian palm oil futures rose on Friday on expectation of solid export data and as prices of rival oils increase, setting up the first weekly palm oil gain in three weeks.
The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange rose 1.14% to 4,086 ringgit ($916.14) per tonne in early trade, recouping some of the 1.58% loss posted a day earlier.
FUNDAMENTALS
Dalian's most-active soyoil contract DBYv1 gained 1.75%, while its palm oil contract DCPv1 rose 1.39%. The Chicago Board of Trade was closed for the Thanksgiving holiday.
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
Exports of Malaysia's palm oil products in the Nov. 1-20 period rose between 2.9% and 9.6% from a month earlier, data from cargo surveyors showed this week. The Nov. 1-25 exports data are expected to be released later on Friday or Saturday.
The Malaysian ringgit MYR= jumped 1.79% on Thursday, its biggest surge in over six years over an end to political deadlock. It extended its gains by 0.67% on Friday. The rise by the currency that the contract is traded in makes palm oil less attractive for holders of foreign currencies.
Palm oil may test a support zone of 3,994-4,019 ringgit a tonne, a break below which could open the way towards 3,992 ringgit, Reuters technical analyst Wang Tao said.
MARKET NEWS
Oil rose in early trade on Friday, trimming some of the week's losses which have been driven by worries about Chinese demand and expectations a high price cap planned by the Group of Seven nations on Russian oil will keep supply flowing.
Shares hit a two-month high and the dollar fell towards a three-month low on Thursday, after signals by the Federal Reserve of smaller interest rate rises from next month were followed by the message that the European Central Bank will plough on.
Украина экспортировала через «зерновой коридор» на $3,5 млрд.
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
Больше всего агропродукции экспортировала компания Kernel Андрея Веревского – 813 500 т, или почти 10%. В пятерку вошли UkrLandFarming Олега Бахматюка (296 800 т), американская ADM (292 700 т), украинская Agroprosperis, принадлежащая американскому New Century Holdings (251 000) и Nibulon Андрія Вадатурського: 210 200 т соответственно. Швейцарская Glencore импортировала 177 500 т, американская Cargill – 163 800 т, китайская COFCO – 156 900 т, французская Louis Dreyfus – 98 600 т, украинская Trepfin – 155 800 т.
Инфляция в РФ с 15 по 21 ноября составила 0,11%, годовая замедлилась до 12,3%
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
INTERFAX.RU - Инфляция в РФ с 15 по 21 ноября 2022 года составила 0,11% - Росстат. С начала ноября потребительские цены в РФ к 21 ноября выросли на 0,18%, с начала 2022 года к 21 ноября цены повысились на 10,86%. Консенсус-прогноз экономистов, опрошенных "Интерфаксом" в начале ноября, по инфляции в 2022 году равняется 12,5%, в 2023 году - 6,1%. Консенсус-прогноз аналитиков по ключевой ставке на конец 2022 года равняется 7,5%, на конец 2023 года - 6,75%.
Palm oil slumps as Malaysian ringgit surges
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
Reuters - Malaysian palm oil futures fell on Thursday, snapping a three-day rally, as the ringgit posted its biggest surge in over six years over an end to a political deadlock, triggering some profit-taking. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 1.44% to end the afternoon trade at 4,046 ringgit ($901.11) per tonne, erasing some of the 6.74% gain over the previous three sessions.
"AAK strengthens its position in southeast India by acquiring Arani Agro Oil - AAK AB"