Archived News

Maintain neutral: Malaysia’s February crude palm oil (CPO) production increased by 6.7% year-on-year (y-o-y) to 1.34 million tonnes due to an improvement after the lagged effect of the El Nino phenomenon that badly affected production in 2016. However, on a month-on-month (m-o-m) basis, production was down for a fourth consecutive month, declining by 15.4% m-o-m in February, due to seasonal factors.

SINGAPORE (March 15): Palm oil may bounce further to 2,459 ringgit per tonne, as suggested by a retracement analysis.

KUALA LUMPUR: Palm oil industrial players have their last chance to prevent the move to phase out palm oil-based biofuels by the European Union (EU) if it were to continue the discriminatory path, said the Malaysian Palm Oil Council (MPOC).

KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in trade on Wednesday, bouncing back from a more than one-and-a-half-year low earlier this week, supported by overnight gains in soyoil on the Chicago Board of Trade.

KUALA LUMPUR: Malaysian palm oil futures hit a one-week high in trade on Wednesday, bouncing back from a more than one-and-a-half-year low earlier this week, supported by overnight gains in soyoil on the Chicago Board of Trade.

KUALA LUMPUR The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday March 14.

KUALA LUMPUR: Malaysian palm oil futures rose on Tuesday evening, lifted by strength in rival edible oils and as demand expectations improved, traders said.

WHILE the European Parliament’s plan to phase out palm oil from member states’ consumption of bio-fuel by 2021 is dominating headlines, a bigger threat to the industry is the issue of food safety.

Palm oil has become synonymous with “unsustainable” as palm oil plantations have encroached on the land of local populations from Papua New Guinea to Colombia to Indonesia, and the lack of regulation for building these plantations has resulted in threats to local biodiversity and wildlife, dangerous carbon emissions, and abhorrent infringement of worker rights. It’s no wonder that so many people avoid palm oil entirely.

India’s palm oil imports probably advanced in February as rising demand before the summer season outweighed higher prices.

SINGAPORE (March 14): Palm oil may bounce more into a range of 2,435-2,449 ringgit per tonne, as suggested by a projection analysis and a wedge.

The presence of parent oil palm trees at Bogor Botanical Gardens in West Java should be better publicized because they were responsible for the country’s vibrant palm oil industry, an expert has said.