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Buying interest from India for June and July-September volumes picks up
Palm oil loses share to soft oils
The benchmark CPO futures contract for July delivery on BMD dropped 3.3% to MYR3,455 per tonne
According to data published by the European Commission, soybean shipments to the Netherlands, Spain, Portugal and Germany tripled compared to previous years in March
Tim Worledge reports from the Price Outlook Conference in Malaysia
Soft oils make up for the biggest share, with an increase of 85.5%
Competition from Indonesia and decreased demand from key markets hit Malaysian shipments
Indonesian biodiesel producers had initially started a litigation process against the initial ruling by the EU, alleging failures to consider all data
Prices expected to decline, leading to market uncertainties
According to a report by the International Energy Agency, demand for vegetable oils, waste and residue oils and fats is set to increase by 56% between 2022 and 2027