Archived News

05/07/2017 (Reuters) - Malaysian palm oil futures fell on Tuesday from a two-week high hit in the previous session, on profit-taking and as the market tracked a weaker performance in related oils on China's Dalian Commodity Exchange.

05/07/2017 (Bernama) - Malaysia's export of palm oil and palm oil products this year is expected to exceed RM70 billion from the RM67 billion registered in 2016, with Europe, India and China remaining the top three importing countries.

05/07/2017 (Graphic Online) - The government and Unilever have entered into a partnership to transform the Twifo Oil Palm Plantation (TOPP) in the Central Region into a world-class and sustainable oil palm plantation.

05/07/2017 (Hindu Business Line) - Edible oils rules steady on Tuesday on back of thin volatility in futures amid routine physical demand and volumes.

05/07/2017 (Business Standard) - Crude palm oil prices drifted lower by 0.52 per cent to Rs 482.90 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid easing demand at the spot market.

05/07/2017 (The Star) - Malaysian palm oil futures reversed early losses to make gains in the second half of trade, supported by forecasts of declining production which could dent local stock levels, traders said.

05/07/2017 (Pakistan Observer) - Five ships C.V MSC Victoria, C.V Prosper, M.V Eternal Trump, M.T Grand Ace-12 and M.T Bahra scheduled to load/offload containers, Cement, Palm oil and Diesel oil were allotted berths at Qasim International Container Terminal, Multi Purpose Terminal and FOTCO Oil Terminal respectively during last 24 hours, said a report issued by Port Qasim Authority (PQA) here on Tuesday.

05/07/2017 (Outlook India) - In restricted activity,mustard oil softened by Rs 50 per quintal at the wholesale oils and oilseeds market today owing to slackened demand.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday July 4.

Palm oil Sept. contract faces a resistance at 2,503 ringgit per tonne, a break above which could lead to a gain to the next resistance at 2,522 ringgit.

KUCHING: The team behind AmInvestment Bank Bhd (AmInvestment Bank) is pegging an average crude palm oil (CPO) price of RM2,650 per tonne for its full year 2017 forecasts (FY17F), assuming an average CPO price of RM2,900 per tonne in the first half (1H) and RM2,400 per tonne in 2H.

KUALA LUMPUR: Malaysian palm oil futures jumped on Monday, tracking strong gains in soyoil on the Chicago Board of Trade (CBOT) and related edible oils on China's Dalian Commodity Exchange.