Ukraine’s sunflower oil and sunflower meal exports in the first half of 2024/25 dropped to a multi-season low, according to the State Customs Service of Ukraine, as ongoing supply constraints, high raw material costs and price imbalances continued to weigh on the market.

Malaysia’s palm oil exports during March 1-20 totaled 569,000 tonnes, down by 18% or 122,345 tonnes from the same period a month earlier, according to data from cargo surveyor Intertek Testing Services (ITS), with the figure excluding shipments of coconut oil, soft oils and used cooking oil.

Argentina crushed 2.6 million tonnes of soybeans in February, lower than the 2.9 million tonnes crushed in the previous month and slightly below trade estimates, data from the country’s Secretariat of Agriculture Livestock and Fisheries SAGyP showed late Thursday March 20.

Investors in the US corn and soybean markets amassed short positions while trimming longs in the week to Tuesday March 18, helping trim the corn net-long to its lowest level in more than three months; meanwhile the soybean net-short rose, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday March 21.

Indonesia’s palm oil exports in February jumped to 2.08 million tonnes, 617,189 tonnes, 42% higher than the 1.47 million tonnes exported in January, according to data from cargo surveyor Intertek Testing Services (ITS), with the figure excluding shipments of coconut oil.

The latest Asia palm oil exchange market commentary and prices on Friday March 21.

Malaysia-based palm oil producer SD Guthrie International (SDGI) has confirmed the arrival of its first shipments of 40,250 tonnes of palm oil that meet the requirements of the new EU Deforestation Regulation (EUDR), according to a press release published on Thursday September 19.

Singapore-based Wilmar International saw a decline in its palm fresh fruit bunch (FFB) production in the first six months of its financial year ending June 30 2024, with FFB output coming in at 1.95 million tonnes, down by 6% from the same period a year earlier, according to the company’s earnings statement released on Tuesday August 13.

The European Bank for Reconstruction and Development (EBRD) has announced a €60 million ($65 million) loan to Ukraine’s Lan Oil to finance the country’s first private biofuels venture since Russia launched its full-scale invasion in February 2022, according to a press release published on Wednesday June 12.

Singapore-based Wilmar International posted its financial results for the first quarter on Monday April 29, with net profit at $302.9 million...

Wilmar International has confirmed one of its terminals was damaged in an "incident" and estimated that it will take up to six months to repair the facilities destroyed after a missile attack on the Ukrainian port of Pivdenny...

Palm oil major Sime Darby Plantation Berhad (SDP) reported a 6% annual increase in its palm fresh fruit bunch (FFB) output for its financial year ending December 31 2023...

Singapore-based Asian agribusiness giant Wilmar International (Wilmar) saw an increase in its palm fresh fruit bunch (FFB) production in the second half of its 2023 financial year...

Palm oil major Sime Darby Plantation Berhad (SDP) recorded a 205.8% year-on-year jump in its net profits for the third quarter...

The European Commission has announced countermeasures affecting a broad range of agricultural and industrial goods following the reintroduction and expansion of US tariffs on steel and aluminium from the European Union that came into force on Wednesday March 12.

The imposition of 25% tariffs on Tuesday March 4 on a wide array of Canadian products, including canola seed, oil and meal, will have a devastating and widespread impact on the Canadian canola industry, according to the Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA).

Palm oil supply in the next two to three months is expected to be tight due to yields being affected by floods in Sabah in Malaysia and by Indonesia starting its newly increased biofuel mandate, palm industry experts said during the annual Bursa Malaysia Palm Oil conference in Kuala Lumpur this week.

Russia’s export duty on sunflower oil reached another all-time high for February, increasing by 11.6% from January, while the export duty on sunflower meal decreased by 18% month on month, according to an update from the country’s Ministry of Agriculture on Friday January 24.

Malaysia lowered its crude palm oil (CPO) reference price for February to 4,817.70 ringgit ($1,072) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Thursday January 16.

Malaysia raised its crude palm oil (CPO) reference price for December to 5,001.72 ringgit ($1,141) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday December 17.

The Turkish government is to further reduce import duties on sunflower seeds from the start of 2025 to bolster support local farmers, according to an announcement in the Official Gazette of the Republic of Turkey.

Malaysia raised its crude palm oil (CPO) reference price for December to 4,471.39 ringgit ($1,059) per tonne, according to a circular issued by the Malaysian Palm Oil Board (MPOB) on Tuesday November 19.