SINGAPORE: Palm oil looks neutral in a range of 4,090-4,267 ringgit per tonne, and an escape could suggest a direction.

A break above 4,267 ringgit could lead to a gain into 4,398-4,588 ringgit. However, the contract’s failure to break this level in its first attempt suggests a completion of the bounce from the July 6 low of 3,735 ringgit. A break below 4,090 ringgit could open the way towards 3,782-3,900 ringgit range. On the daily chart, the…

Higher biodiesel mandate in Indonesia medium-term positive for Indonesian biodiesel producers: CGS-CIMB

The planned higher biodiesel mandate in Indonesia will be medium-term positive for Indonesian biodiesel producers such as Wilmar International, Golden Agri-Resources and First Resources, said CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi. This change in mandate would allow the companies to expand their revenues and earnings base, the analysts said in their June…

Indonesia, Bosnia and Herzegovina agree to intensify trade cooperation

Jakarta (ANTARA) – Indonesia and Bosnia and Herzegovina agreed to enhance economic relations by bolstering trade and investment potentials that both countries possess. “Indonesia believes that the historical bond and good bilateral relations forged by both countries decades ago can be utilised as the capital of every strategic step for further exploration of cooperation potentials…

BRIN creates fruit coating solution from palm oil derivative products

Agriculture and Crop Research Organization’s Agroindustry Research Center at the National Research and Innovation Agency (BRIN) created a coating solution to maintain freshness and increase shelf life of fruits by utilizing palm oil derivative products. “This palm oil-based coating solution is safe to consume and is included within the edible coating category,” BRIN’s Agroindustry Research…

Palm oil stock likely grew 2.8% at end-March

Malaysia’s palm oil inventory grew 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March due to higher output, estimates CGS-CIMB Research. The research house said the likely m-o-m rise in stock level was a divergent compared to historical trends in Malaysia’s March palm oil stock movements. “Our forecast for the March 2022 forecast palm oil…