Global production of seven major oilseeds will be larger than forecast last month as consumption is set to lag behind output for a third year, Oil World said.
ICE raw sugar futures fell for the second straight session on Monday, dropping to the lowest level in seven months on selling by day traders, while arabica coffee nudged higher in rangebound trade.
Malaysian palm oil futures ended higher on Monday, snapping an eight-day losing streak, as short-covering reversed losses from the morning session and helped the tropical oil stay above 2,000 ringgit.
Palmkernel oil on the European vegetable oils market rose sharply on Thursday because of technical support after trading as low as $840 a tonne cif Rotterdam.
Malaysian palm oil lost more ground on Wednesday, falling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record US soybean production weighed on the market.
Indian soyaoil, soyabean and rapeseed futures fell on Thursday, in line with the overseas markets where benchmark palm oil futures slipped to a five-year low.
Indian soyoil, soybean and rapeseed futures rose on Wednesday, shrugging off falls in overseas markets where benchmark palm oil futures stayed near their lowest levels in more than a year.
Indian soyoil futures fell on Monday in line with overseas markets where palm oil futures dropped, but soybean edged up, extending last week's gains, as planting lagged last year's acreage.
Wilmar International Limited, Asia’s leading agribusiness group, posted a 22% decline in net profit to US$170.7 million for the quarter ended June 30, 2014 (“2Q2014”).
Golden North, a South Australian ice cream maker says that it is disappointed that Zoos SA has dropped its palm oil free product in favour of Street Ice Cream.
Indian oilseeds and soyaoil futures fell following losses in Malaysian palm oil prices and on good rainfall in soyabean growing areas in the last few days.
Europe's vegetable oil market again saw active rapeseed oil trade on Monday, with buyers taking advantage of lower prices caused by falling US soyabean and soyaoil prices in Chicago, traders said.
Malaysian palm oil futures fell on Monday as fears of rising output amid slackening overseas demand piled pressure on to the tropical oil, while weaker comparative soyoil prices weighed.
