Archived News

KUALA LUMPUR: Malaysian palm oil futures rose more than 1 percent to a one-week high on Tuesday evening, supported by a bullish price outlook by an analyst at an industry conference in Kuala Lumpur.

KUALA LUMPUR: Malaysia’s palm oil output is expected to drop to 19.8 million tonnes in 2018 as compared to 19.92 million tonnes recorded in 2017 due to lower yields, said Oil World executive director Thomas Mielke.

SINGAPORE (Aug 29): Palm oil may rise to RM2,277 per tonne, as it has cleared a resistance at RM2,224.

KUALA LUMPUR (Aug 28): Indonesia's plans for more widespread use of biodiesel could reduce its exports and global palm oil supplies, leaving Malaysia to fill in the gap in the export market, said industry analyst James Fry on Tuesday.

KUALA LUMPUR (Aug 27): Palm oil inventory in the world's top producer, Indonesia, may hit a high of 5.5 million tonnes by the end of this year despite the Indonesian government's push for its biodiesel mandate.

KUALA LUMPUR (Aug 27): Wah Seong Corp Bhd (WSC) has teamed up with Japan's Saito Separator Ltd to manufacture accessories and equipment under the Saito brand for disc bowl centrifuge and decanters for the palm oil industry.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Aug 28.

KUALA LUMPUR: Malaysian palm oil futures slipped to a more than one-week low on Monday evening, tracking weakness in related edible oils and as the ringgit strengthened

JAKARTA: Indonesia will keep the export tax for cocoa beans at 5 percent and for crude palm oil (CPO) at zero in September, the trade ministry said on Monday.

SINGAPORE (Aug 28): Palm oil may test a support at RM2,192 per tonne, a break below which could cause a loss into the range of RM2,140-2,165.

ROTTERDAM: Palm oil on the European vegetable oils market was offered in a tight range in slow trade on Monday as weaker Malaysian palm oil futures were offset by technical strength in CBOT soyoil and due to a weaker dollar

KUALA LUMPUR: Crude palm oil (CPO) prices are expected to trade sideways given that Indonesia’s palm oil inventory may hit a high of 5.5 million tonnes by year-end, despite its government’s push for the biodiesel mandate, according to an analyst.