# Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
# IOI Corp Bhd group MD and CEO Datuk Lee Yeow Chor : there will be a challenge to meet global demand due to risks including the shortage of workers and the La Nina weather pattern.
# Sentiments in Malaysia is concerning as the market's risk appetite was curbed by renewed concerns over possible lockdowns in certain states and the uncertainties in the local political scene.
# Support seen after forecast of a deep cut in December supply and tracking strength in Brent crude oil and rival Dalian oil.
# Palm prices will remain supported in January due to the projected low inventory and potential supply disruption from floodings in some parts of Malaysia
# Brent oil prices rose to the highest since February after Saudi agreed to make bigger cuts in output than expected during a meeting with allied producers, making palm a more attractive option for biodiesel feedstock.
# MALAYSIA'S CRUDE PALM OIL PRODUCTION PROJECTED TO RISE BY NEARLY 1MILLION TONNES IN 2021
# INDONESIA'S CRUDE PALM OIL PRODUCTION PROJECTED TO RISE BY NEARLY 4.5 MILLION TONNES IN 2021 REUTERS
# Weather disruption and labour shortages mean global palm oil production is unlikely to stay on trend to hit growth projections of more than 6 million tonnes this year
# LMC International: If Indonesia had lowered the palm oil content of its biodiesel from 30% to 20% last year, CPO prices would have declined by between US$100 and US$200 (RM400 and RM800) per tonne.
# Talk that Jakarta may adjust its B30 biodiesel mandate as diesel prices stayed low, while CPO prices were on an uptrend. Lowering of the bio-content would have resulted in an extra 2.5 million tonnes of palm oil entering the market.
# Dry growing conditions in South America are stoking worries of soybean yield losses. oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
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