Archived News

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday Nov 24.

KUALA LUMPUR: Malaysian palm oil futures fell on Thursday evening, charting a fourth decline in five sessions as the edible oil was weighed down by a stronger ringgit and the prospect of rising production, traders said.

BRUSSELS: The proposal to establish a Special Oil Palm Economic & Technical Committee by Malaysia and the European Union (EU) demonstrates Malaysia’s resolve in accelerating efforts to combat discrimination and anti-palm oil campaign.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) and Trimex Industries Pte Ltd have terminated their memorandum of understanding (MoU) to explore the possibility of collaborating to supply and distribute FGV’s palm oil to India.

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has posted its third straight quarter of rising net profit, as the planter’s turnaround plan by group president and chief executive officer Datuk Zakaria Arshad gained new traction.

Former senator Nick Xenophon has called for Australian food regulators to take urgent steps toward mandatory palm oil labelling in Australia.

KUALA LUMPUR, Nov 23 (Reuters) - Malaysia’s Felda Global Ventures Holdings Bhd (FGV), the world’s third-largest palm plantation operator, on Thursday forecast a decline in palm oil prices next year on a likely rise in production.

PUTRAJAYA: The Plantation Industries and Commodities Ministry will set up Special Oil Palm Economic and Technical Committee to deal with palm oil issues in Europe.

Plantation sector Maintain positive: The Australia Bureau of Meteorology (AMB) activated its La Niña Alert (from WATCH) on Tuesday with a 70% chance (previously 50%) of La Niña forming in late 2017.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 28.

Malaysian palm oil futures fell to a four-month low on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The palm oil third month contract still targets a range of 2,519-2,555 ringgit per tonne, as suggested by its wave pattern, a projection analysis and a trendline.