Archived News

Malaysian palm oil futures closed higher on Monday, tracking strong gains in soyoil on the Chicago Board of Trade (CBOT) and related edible oils on China’s Dalian Commodity Exchange.

Malaysia has its work cut out for it in its goal to reclaim the country’s position as the biggest exporter of palm oil to China.

Heated debates have surrounded the palm oil sector in Indonesia and its access to export markets, including the European Union

Prices of soyabean and crude palm oil prices rose by Rs 50 per quintal at the wholesale oils and oilseeds market today on pick up in demand from vanaspati millers and retailers.

03/07/2017 (Hellenic Shipping News) - While Malaysia, the world’s second largest producer of crude palm oil (CPO), is seeking to export more palm oil to China following Prime Minister Najib Razak’s visits to China, it may be a tall order this year, as soybean supplies remain ample and Indonesia, another major CPO producer, still has its competitive advantage over Malaysia.

03/07/2017 (The Star Online) - PETALING JAYA: Rising production, which is projected to linger to the third quarter of the year, will weigh on crude palm oil (CPO) price outlook.

03/07/2017 (Astro Awani) - JASIN: The Malaysian Palm Oil Board (MPOB) has urged consumers in the country to switch to the use of palm milk as an alternative to reduce the dependency on coconut milk, besides increasing the use of palm in the country.

01/07/2017 (The Star Online) - KUALA LUMPUR: Malaysian palm oil futures fell from a near two-week high on Friday, reversing gains made earlier, as they were weighed down by weaker exports and expectations of rising production.

29/06/2017 (Live Mint) - New Delhi: India is likely to raise import duty on refined and crude vegetable oils, like palm and soyoil, as local oilseed prices slumped below the government support levels, a government official told Reuters on Thursday.

30/06/2017 (Business Standard) - Crude palm oil prices were up by 0.62 per cent to Rs 483.40 per 10 kg in futures trade today as speculators indulged in enlarging positions, driven by a firm demand at the spot market.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 30.

There are mixed views on how plantation companies’ earnings will fare in the coming months given the weaker crude palm oil (CPO) prices and the solid recovery in palm oil production from the first quarter of this year.