Articles By Regina Koh

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.

India’s palm oil imports comprising of crude palm oil (CPO), refined bleached deodorized (RBD) palm olein and crude palm kernel oil (CPKO) fell sharply to 275,241 tonnes in January, marking the lowest in 13 years, according to figures released by industry group Solvent Extractors Association of India (SEA) on Wednesday February 12.

China’s agriculture outlook committee (CAOC) has kept its 2024/25 outlook for the country’s corn, soybeans and vegoils supply and demand estimates broadly unchanged from last month in the latest Chinese Agricultural Supply and Demand Estimates (Casde) report released on Tuesday February 11.

China crushed processed 470,000 tonnes of soybeans in the week to Friday February 7, as more crushing plants reopened following the Lunar New Year Holiday break, according to data from the China National Grains and Oils Information Centre (CNGOIC).

A South Korean flour buyer CJ has purchased around 30,000 tonnes of US-origin milling wheat of various grades for April shipment in a tender that concluded on Tuesday February 11, sources told Fastmarkets.

Malaysia’s crude palm oil (CPO) production in January was reported at 1.237 million tonnes, according to figures released by the Malaysian Palm Oil Board (MPOB) on Monday February 10.

A correction has been issued for this report.

South Korean feed buying group Korea Feed Association (KFA) has purchased around 63,000 tonnes of corn for April arrival in a private deal done late on Thursday night, sources told Fastmarkets on Friday February 7.

South Korean feed importer Major Feedmill Group (MFG) has passed on making any purchases in its corn tender that concluded on Thursday February 6, with offers deemed too high, sources have told Fastmarkets.

South Korean feed buyer Major Feedmill Group (MFG) has issued an international buy tender for up to 140,000 tonnes of feed corn for arrival in May, sources told Fastmarkets on Wednesday February 5.

Two South Korean flour millers have purchased a total of 85,000 tonnes of US-origin milling wheat of various grades in a tender that closed on Wednesday February 5, sources have told Fastmarkets.

Indonesia has set its crude palm oil (CPO) reference price for February at $955.44 per tonne, down by $104.10 per tonne from January’s $1,059.54 per tonne, according to a decree by the trade ministry late on Friday January 31.

Chinese state agencies held an auction for imported soybeans from its reserves on Monday January 27, where 79,026 tonnes of soybeans were offered for sale, trade sources told Fastmarkets.

Malaysia’s palm oil exports during January 1-25 were at its lowest level for the period in two years at 837,683 tonnes, as demand from destination markets shifted to cheaper rivals, according to figures from cargo surveyor Intertek Testing Services.

Indonesia’s palm oil exports in November 2024 were estimated at 2.637 million tonnes, according to figures from the Indonesian Palm Oil Association (Gapki) released on Friday January 24.

South Korean feed importer Nonghyup Feed Inc (NOFI) has purchased up to 136,000 tonnes of corn and 65,000 tonnes of feed wheat for arrival in April and June via tenders that closed on Wednesday January 22, sources told Fastmarkets.

Malaysia’s palm oil exports totaled 653,338 tonnes during January 1-20, down by 188,071 tonnes or 22% from 841,409 tonnes during the same period a month earlier, due to lackluster demand from key destination markets amid higher palm prices against its nearest rivals, according to data from cargo surveyor Intertek Testing Services (ITS).

China imported 6% less soybeans from the United States in 2024 amid ongoing trade tensions with the North American country and the availability of competitively priced South American soybeans, but Chinese imports still grew by 7% last year.