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Morning round-up, Tuesday February 4


* The Malaysian Palm Oil Council said on Tuesday that the country’s palm oil dispute with India will be cleared up soon.


Citing Primary Industries Minister, Teresa Kok, a statement from the council said “the two nations will overcome the current challenges, and prevail towards mutual and beneficial outcomes”.


India in December restricted crude palm oil imports, specifically targeting Malaysian sources after that country criticized its new citizenship law and actions in Kashmir.



* According to Indonesia’s statistics agency, the country’s output of unhusked rice in 2019 reached 54.6m tonnes, down 8% from 59.2m in 2018.


The agency said that the drop in output was down to extreme weather conditions, including flooding and a long drought.



* Data from Refinitiv showed that exports of soft wheat from French ports reached 1.33m in January, the country’s highest for the month since 2014.


This comes despite continued pension reform strikes in the country which have affected rail and dock services.



* The absence of rain last week is adding to Ivorian cocoa farmers’ crop worries.


Growers in Soubre, Agboville, Divo, Daloa Abengourou, Bongouanou and Yamoussoukro told Reuters that if the lack of rain continues into February it might result in a slow start to the mid-growing season.


"It’s not yet a catastrophe but the leaves are starting to dry in some plantations. We need rain fast," one Daloa farmer told the news service.



* Official data from the European Commission showed that soybean imports for the 2019-20 season had reached 8.07m tonnes by February 2.


That is 4% lower than the volume brought in by January 27 last year.


Rapeseed imports for the same period had reached 4.04m tonnes, up 51%.


Soymeal imports stood at 10.90m tonnes, up 7%, and palm oil at 3.17m tonnes, down 18%.



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