calvintaneng

Post removed.Why?

2022-01-07 13:55

calvintaneng

Post removed.Why?

2022-01-07 14:51

Johnzhang

(Jan 7): More bad weather for the world’s oilseed growers is pushing rapeseed and canola prices to fresh records and adding to food-inflation worries.

Futures have been on a tear for a while, after last year’s harvests in Canada and Europe were plagued by scorching drought and planting cutbacks, cutting global rapeseed stockpiles to a four-year low. Now, worries are mounting about supplies of rival vegetable oils, with hot and dry weather hurting South American soybean prospects and flooding hitting palm oil farms in Malaysia.

As the recent crude oil rally also aids demand for the crops to make biodiesel, Paris rapeseed futures and North American canola notched new all-time highs on Friday. Their oils are also used for everything from frying French fries to mixing salad dressings. Rapeseed prices have nearly doubled in the past year.

“The situation is really tight, and the buyers are still there,” said Arthur Portier, an analyst at Paris-based farm adviser Agritel.

Paris rapeseed futures surged as much as 5.9% on Friday, the biggest intraday gain since 2009, and North American canola gained as much as 1.5%.

Europe has become increasingly reliant on oilseed imports in recent years, after phasing out crop chemicals that rapeseed growers used to deter pests. That’s exacerbating local prices, as supplies shrink across key exporters, according to Michael Magdovitz, senior analyst at Rabobank in London.

2022-01-08 06:16

stockraider

By the time q4 result for palmoil Co is out....alot of naysayers will be very jealous loh!

ESG is not a good excuse not to invest loh!

2022-01-10 12:50