Vegoils commentary:Futures tumble across markets,regions

Vegoils futures tumbled across markets and regions, with Malaysian crude palm oil (CPO) futures, several vegoils contracts in China and soyoil futures in Chicago all edging significantly lower on the day.  Malaysian CPO contracts fell for the second consecutive day due to profit-taking and deep losses in other vegoil futures.  The most-active CPO futures contract …

Chana prices ease on pick up in arrivals,imports of yellow peas

Trade forecasts 1.5 million tonnes imports of yellow peas by April-end Prices of chana (Bengal gram) have eased a tad during March compared with the previous month. Factors such as the Government’s move to make available Bharat dal at ₹60 a kg, increase in imports of yellow peas and market arrivals of the new chana …

Annapurna Swadisht set to enter edible oil market with acquisition of branded mustard oil The food manufacturer has purchased ‘Arati’ brand mustard oil from RRPAL for ₹28 crore Packaged food manufacturer Annapurna Swadisht is set to enter the country’s  ₹3-lakh crore edible oil market with the acquisition of a branded mustard oil. The Kolkata-based company, …

Sugar,Soy Among Top Crop Products Handled at Port of Baltimore

Sugar, soybeans, and grain products such as corn and wheat, as well as coffee, are among the top agricultural products handled at the Port of Baltimore, according to Mike Steenhoek, the executive director of the Soy Transportation Coalition. The port handled more than 170,000 metric tons of soybean imports via container in 2020, Steenhoek wrote, …

Fitch:Higher global vegetable oil supply to drag CPO prices lower in Q2

KUALA LUMPUR, March 27 — Fitch Ratings foresees that Malaysia’s benchmark crude palm oil (CPO) prices will weaken from the second quarter of 2024 (2Q 2024) due to a higher supply of vegetable oil globally. In its latest Asian Crude Palm Oil Monitor 1Q 2024 report, the rating agency said mild weather conditions and lower …

Indian Minister Jaishankar:India-Malaysia bilateral cooperation relies on mutual trust and reliability KUALA LUMPUR: Fostering mutual trust and reliability as foundational pillars for bilateral cooperation between India and Malaysia holds significant importance, says India’s External Affairs Minister, Dr S.Jaishankar. The minister, who is currently on a two-day official visit to Malaysia starting Wednesday, said as India …