Archived News
08-09-2017
Malaysian palm oil price rises to 26-week high
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Thursday, rising more than 1 percent on expectations of positive news from the the European Union's (EU) decision on biodiesel anti-dumping duties.
07-09-2017
Malaysian palm oil/Vegoils: Market factors to watch Thursday Sept 7
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Sept 7
07-09-2017
Palm oil stocks rising on robust production
Malaysian palm oil stocks likely rose for a second month in August, inching towards the 2-million-tonne mark as output in the world’s second-largest producer of the commodity remains near its strongest in two years, a Reuters poll showed.
07-09-2017
European vegoils-CBOT soyoil gains underpin palm oil prices
Palm oil prices held steady on Europe's vegetable oils market on Wednesday, underpinned by gains made in CBOT soybean oil prices on concerns that dry weather forecast for the US Midwest could curtail soybean yields.
07-09-2017
Palm oil steadies
Malaysian palm oil futures traded largely unchanged in the first half on Wednesday, after posting its best session in six weeks in the previous session, as traders awaited fresh cues.
07-09-2017
Palm oil may retest resistance at 2,769 ringgit
Palm oil Nov. contract may retest a resistance at 2,769 ringgit per tonne, a break above which could lead to a gain to the next resistance at 2,790 ringgit.
07-09-2017
Crude palm oil prices to average RM2,600 for 2017, says CIMB Research
CIMB Equities Research is maintaining its average crude palm oil (CPO) prices projection of RM2,600 for 2017.
07-09-2017
Indonesia seeks UNDP support for ISPO palm oil standard
The government is seeking support from the United Nations Development Programme (UNDP) for its Indonesian Sustainable Palm Oil (RSPO) standard.
07-09-2017
Swiss retailers called on to remove palm oil from their products
Two Swiss NGOs have started a petition calling for Swiss retailers to reduce or remove palm oil from their products. Present in many processed foods, cosmetics and detergents, the ingredient has a bad reputation.
07-09-2017
Agri-commodity: Crude palm oil, cardamom rise; chana falls
Crude palm oil prices were up by 0.09 per cent to Rs 529.40 per 10 kg in futures trading today as speculators created fresh positions following pickup in demand in the spot market.
07-09-2017
Philippine palm oil plan ‘equals corruption and land-grabbing,’ according to critics
With its renewed promotion of what it calls the “Sunshine Industry,†the Philippine government is looking to increase palm oil production. It is expected to alleviate poverty but critics worry that this will benefit large companies at the expense of small farmers, forests, and water quality.
07-09-2017
Palm oil producers pledge to promote sustainability at UN forum
Amid mounting international pressure, the Indonesian Palm Oil Association (GAPKI) has reassured the United Nations of its “strong commitment†to the sustainable production of palm oil in Indonesia.