Archived News

KUALA LUMPUR (Oct 18): Malaysian palm oil futures fell more than 1% at the midday break on Thursday, after two winning sessions, as it tracked weaker crude oil prices as well as US soyoil on the Chicago Board of Trade.

SINGAPORE (Oct 18): Signals are a bit mixed for palm oil as it faces a resistance at RM2,262 per tonne.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Oct 18.

KUALA LUMPUR: The European Commission's (EC) palm oil expert panel will make its first visit to Malaysia at the end of this month to address concerns over the sustainability of the palm oil industry.

KUALA LUMPUR: Malaysian biodiesel production is likely to hit record levels this year and next, with 2018 exports on track to double from 2017, pushed up as higher oil prices boost the appeal of biofuels, the head of an industry

WHEN you think of palm oil, the likelihood is you conjure up distressing images of felled forests, dead orangutans, and displaced indigenous people.

Across Africa, planting oil palm is a lifeline for millions of small farmers, and palm oil development is key to the future of countries including Nigeria, Liberia, Gabon, Burkina Faso, and many others. However, new threats are rising from Europe that will undo the progress made across the African continent.

Palm oil is an important commodity in a huge market that spans food and nutraceutical applications, but it is also controversial. Environmental concerns of deforestation and social concerns of human rights abuses in harvesting the crop have turned off consumers from the product, and encouraged suppliers to change the way they do business by closely monitoring the supply chain and employing higher standards that protect the environment and laborers. Cargill (Wayzata, MN), for example, has been working toward sustainability for 14 years, joining the Roundtable on Sustainable Palm Oil (RSPO) in 2004. The company’s consistent progress provides an example for how the palm oil industry can operate and provides hope for a sustainable future.

Every Thursday in the morning the USDA releases the Export Sales Report. It includes how many bushels or metric ton of corn, soybeans, wheat, soybean meal and oil were sold to foreign buyers. Every Monday morning the USDA releases the Export Inspections Report. That is how many bushels or metric ton of those ag commodities were actually loaded on a ship and left the United States. This report also includes the buyer and destination of the commodities.

MUMBAI: India's palm oil imports dropped 1.4 percent to 918,675 tonnes in September from a year earlier as higher duties and a depreciating rupee made imports more expensive, a leading trade body said on Tuesday.

KUALA LUMPUR: Malaysian palm oil futures ended the trading day higher on Tuesday evening, after earlier striking a 5-week high following overnight gains in soyoil on the Chicago Board of Trade.

Prices have fallen by 11-25% abroad over the past year, due to excess supply and also reduced demand from India, one of the largest players