Articles By Regina Koh

Malaysia has set its crude palm oil (CPO) reference price for April at 4,547.79 ringgit ($1,024) per tonne, an increase of 157.42 ringgit from March’s 4,390.37 ringgit per tonne, according to a circular by the Malaysian Palm Oil Board (MPOB) on Wednesday March 19.

South Korean feed importer Major Feedmill Group (MFG) concluded its two buy tenders for corn on Friday March 14, picking up 136,000 tonnes of the grain, sources have told Fastmarkets.

South Korean feed importer Korea Feed Association (KFA) purchased another corn cargo in a private deal late on Thursday March 13 for its Incheon unit, sources have told Fastmarkets.

South Korean feed buyers continued the corn buying spree seen this week with Nonghyup Feed Inc (NOFI) and Feed Leaders Committee (FLC) both making purchases via a tender and private deal on Thursday March 11, sources have told Fastmarkets.

South Korean feed buyer Major Feedmill Group (MFG) is in the market for up to 210,000 tonnes of feed corn arriving in June and July, issuing two buy tenders on Thursday March 13, sources told Fastmarkets.

South Korean feed buyer Nonghyup Feed Inc (NOFI) is back in the market for animal feed corn after picking up around 134,000 tonnes earlier this week, issuing a buy tender for up to 138,000 tonnes of the grain on Thursday March 13, sources told Fastmarkets.

South Korean feed buyer Korea Feed Association (KFA) purchased one 65,000 tonne cargo of feed corn for its Busan unit via a private deal late on Wednesday March 12, sources told Fastmarkets.

A berth and vessel loading at the “Brooklyn-Kyiv” grain terminal at Odesa port in southern Ukraine was damaged in a Russian missile attack late on Tuesday March 11, Louis Dreyfus Co (LDC) told Fastmarkets on Wednesday March 12.

India’s vegetable oil imports in February fell to its lowest since May 2020, to come in at 899,565 tonnes, comprising 885,561 tonnes of edible vegoil and 14,004 tonnes of non-edible oil, according to figures released by industry group Solvent Extractors Association of India (SEA) on Tuesday March 11.

South Korean feed buyer Nonghyup Feed Inc (NOFI) is in the market for June-arrival corn, issuing a buy tender for up to 138,000 tonnes of feed corn of optional origin on Tuesday March 11, sources told Fastmarkets.

Chinese rapeseed futures on the Zhengzhou Commodity Exchange (ZCE) surged on Monday March 10, after China imposed fresh tariffs on imports of Canadian rapeseed oil, oil cakes and other food products.

Malaysia’s palm oil inventories at the end of February were reported at 1.512 million tonnes, according to figures from the Malaysian Palm Oil Board (MPOB) released on Monday March 10.

Indonesia’s crude palm oil (CPO) production came to an estimated 3.88 million tonnes in December 2024, 10.6% or 457,000 tonnes lower than the 4.33 million tonnes produced in November, according to figures released by the Indonesian Palm Oil Association (Gapki) on Thursday March 6.

China has suspended the soybean import qualifications of three US exporters, citing phytosanitary issues, according to a notice issued by the General Administration of Customs (GACC) on Tuesday March 4.

China has announced additional tariffs of up to 15% on imports of US goods from March 10 with the new measures covering largely agricultural products, alongside restricted exports to 15 US companies, according to a notice posted by the country’s Ministry of Finance and Ministry of Commerce on Tuesday March 4.

Malaysia’s palm oil exports in February fell for a fourth consecutive month to 1.01 million tonnes, according to data from cargo surveyor Intertek Testing Services (ITS), with the figure excluding shipments of soft oils and used cooking oil (UCO).

Indonesia has set the crude palm oil (CPO) reference price for March at $954.50 per tonne, marginally lower from February’s $955.44 per tonne, according to a regulation issued by the trade ministry on Friday February 28.

Taiwanese feed buyer MFIG has concluded its buy tender for corn, picking up around 65,000 tonnes of the grain for April-May shipment on Wednesday February 19, sources told Fastmarkets.

Malaysia has set its crude palm oil (CPO) reference price for March at 4,390.37 ringgit ($987) per tonne, down from February’s 4,817.70 ringgit per tonne, according to a circular released by the Malaysian Palm Oil Board (MPOB) on Wednesday February 19.

Indonesia is expecting its B40 biodiesel program to be fully rolled out in March following some initial delays earlier this year, a senior energy ministry official told local reporters on Friday February 14.