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KUALA LUMPUR: Malaysian palm oil price is set to average RM2,410 (US$591) a tonne in 2018, the Malaysian Palm Oil Council (MPOC) has forecast, down about 14% from last year’s average prices, according to Thomson Reuters Eikon data.

PUTRAJAYA: Malaysia and Indonesia will use the emotional element such as the health benefits of palm oil in their campaign to gain the confidence of the European markets, says Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin.

New Delhi, Aug 6 (PTI) Crude palm oil prices fell 0.37 per cent to Rs 589.50 per 10 kg in futures trade today as speculators booked profits at higher levels amid fall in demand at the spot market and on weaker trend overseas.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Aug 6.

KUALA LUMPUR: Malaysian palm oil futures were rangebound on Friday, as weakness in related edible oils and U.S.-China trade friction concerns dented sentiment, but prices edged higher at the end of the trading day.

KUALA LUMPUR: The export prospects for Malaysian palm oil in the second half of 2018 looks positive, as the Ministry of Primary Industries has set its eyes on wooing more buyers from China, the world’s second largest economy and Malaysia’s top three palm oil consumer, says minister Teresa Kok Suh Sim.

The oil palm industry in Malaysia is at a tipping point. It is faced with multi-dimensional challenges that need action and long-term vision. The exponential growth in the cultivation of oil palm has helped feed the world’s growing demand for food, feed, fuel and fibre, and brought many economic benefits. However, oil palm’s success story has raised its international profile, resulting in heightened public scrutiny and criticism.

The export prospects for Malaysian palm oil in the second half of 2018 look positive, as the Primary Industries Ministry has set its eyes on wooing more buyers from China, the world’s second-largest economy and one of Malaysia’s top three palm oil consumers, says minister Teresa Kok Suh Sim.

SINGAPORE (Aug 6): Palm oil may break a support at 2,187 ringgit and drop to 2,149 ringgit per tonne, as suggested by its wave pattern and a projection analysis.

MUMBAI/KUALA LUMPUR, Aug 3 (Reuters) - Edible oil traders are sourcing exports of palm oil and other cooking oils to India from neighbouring countries, designating the supplies as duty-free under a regional free-trade pact and circumventing India’s import tax hike on the oils.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Aug 3

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, snapping three previous days of gains, tracking losses in soyoil and on the back of trade war concerns.