CPO futures extend decline amid weaker edible soft oils

KUALA LUMPUR (May 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its decline on Thursday, weighed down by weaker edible soft oils and cautious trading ahead of April’s palm oil data on Friday. Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa said the decline reflects cautious positioning ahead of the …

PepsiCo India trialing oil blend to replace palm oil in Lay’s chips

The statement comes amid increasing criticism regarding the use of palm oil, a cheaper but considered unhealthy ingredient, in packaged foods across India. PepsiCo India also aims to decrease salt in its snacks to less than 1.3 milligrams of sodium per calorie by 2025. PepsiCo India began trials last year to replace palm oil and …

Vietnam soybean meal use on upswing

HANOI, VIETNAM — A recovering economy in Vietnam will see the country boost its consumption of soybean meal for feed use to 5.85 million tonnes during marketing year 2023-24, which would be 200,000 tonnes over the previous year, and up to a projected 6 million tonnes in 2024-25, according to a report from the Foreign …

Argentina grains exchange warns it may cut soybean crop estimate

BUENOS AIRES, May 9 (Reuters) – Argentina’s Buenos Aires grain exchange warned again on Thursday it may cut its forecast for the 2023/24 soybean crop, currently at 51 million metric tons, as warm weather and a lack of rain in the country’s north have led to lower-than-expected yields. Argentina, along with neighboring Brazil, is one …