Archived News

24/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed earlier losses to close mixed, following a volatile trading session, said Fastmarkets Palm Oil Analytics senior analyst Sathia Varga.

22/12/2024 (The Borneo Post) - It’s that time of year again —the monsoon season in Malaysia, when the entire country seems to morph into one giant splash zone. Floods dominate the headlines, the east coast is practically submerged, and Sarawak and Sabah are gearing up for their share of soggy days.

23/12/2024 (Oils and Fats International) - Palm oil prices could range between RM4,000-5,000/tonne (US$899-US$1,124) in 2025 driven by stagnating production in key markets, particularly Indonesia and Malaysia, according to forecasts by the Council of Palm Oil Producing Countries (CPOPC) reported by New Straits Times (NST).

23/12/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures opened higher on Monday, snapping a six-session losing streak, tracking strength in Dalian palm olein and firmer crude oil prices.

23/12/2024 (ChemAnalyst) - Rapeseed prices are likely to remain uplifted even to the end of December 2024, driven by a combination of increasing demand, reduced supply from major exporting countries, and tightening market conditions. According to recent updates from Strategies Grains, the consultancy has raised its rapeseed inclusion forecasts for the European Union (EU), driven largely by a smaller-than-expected sunflower harvest. This adjustment in forecasts comes at a critical time as demand for vegetable oils, including Rapeseed Oil, has been steadily increasing, particularly in the food processing and biofuel sectors.

23/12/2024 (Barchart) - Soybeans are trading with contracts 1 to 2 cents lower early on Monday. The soybean market took back most of the midweek losses on Thursday and Friday, with the latter session closing up 7 to 13 cents. January was still down 13 ¾ cents on the week. CmdtyView’s national front month Cash Bean price was up 11 1/4 cents at $9.24 ¾. Soymeal futures were up $6.60 to $11.20/ton, as January rallied $8.30 on the week. Soy Oil futures were down 8 to 54 points on the session, with the front month losing 313 points last week.

22/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) market is expected to experience yo-yo price movements next week due to a shortened trading week, said Interband Group of Companies senior palm oil trader Jim Teh.

22/12/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures ended lower on Friday and posted a second consecutive weekly loss, pressured by sluggish export demand.

20/12/2024 (The Star), Kuala Lumpur - Rating Corporation Bhd (MARC Ratings) anticipates the palm oil market to continue to face significant uncertainties heading into 2025, with supply-side challenges exacerbated by adverse weather conditions and a slower replanting pace.

22/12/2024 (Business Today) - Johor Plantations Group Berhad announced that it has awarded Tg. Langsat Development Sdn Bhd a contract worth RM39.04 million through a tender process for earthworks, main infrastructure development, sewage treatment plant construction, and associated works for its Integrated Sustainable Palm Oil Complex (iSPOC) project.

19/12/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended mostly lower on Thursday in line with the weaker soybean oil performance on the Chicago Board of Trade (CBOT), said palm oil trader David Ng.

19/12/2024 (Reuters), Jakarta - Indonesia will increase its export levy for crude palm oil (CPO) to 10 per cent from the current 7.5 per cent to finance higher biodiesel subsidies, its chief economic minister said on Thursday.