Archived News

SINGAPORE, June 22 (Reuters) - Palm oil Sept. contract may fall more to 2,420 ringgit per tonne, as suggested by its wave pattern and a Fibonacci ratio analysis.

Palm oil import from Malaysia dropped by 34 per cent in the first five months of the current calendar year.

Palm oil on the European vegetable oils market continued lower on Wednesday on follow-through selling in global commodities and vegetable oils markets.

Malaysian palm oil futures fell to their lowest in a week on Wednesday, their sharpest daily fall in a week, tracking related oils on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange

Six Malaysian lawmakers will leave for Europe next month to seek support for palm oil usage in the European Union said Minister of Plantations Industries and Commodities Datuk Seri Mah Siew Keong.

21/06/2017 (The Star Online) - KUALA LUMPUR: Malaysian palm oil futures snapped four consecutive sessions of gains on Tuesday to record their sharpest daily drop in a week as the market tracked a weaker performance in rival oils and on the back of slow export demand.

20/06/2017 (The Times Of India) - Palm oil on the European vegetable oils market dropped on Tuesday following weakness in other commodities and profit-taking in Malaysian palm oil futures.

17/06/2017 (The Sundaily) - KUALA LUMPUR: The Belgian Court of Appeal has ruled that the "No Palm Oil" labels and other associated claims were misleading and without merit nor based on proven scientific facts.

21/06/2017 (The Times Of India) – SINGAPORE: Palm oil Sept. contract may test a support at 2,441 ringgit per tonne, a break below which could cause a further loss to the next support at 2,421 ringgit.

21/06/2017 (The Bangkok Post) - Oil retailers have been urged to stock up on biodiesel to help absorb more palm crude supply from the market, which would indirectly push up the price of palm fruit and support farmers, says to the Commerce Ministry.

20/06/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.

20/06/2017 (Hindu Business Line) - Malaysian palm oil futures closed higher on Monday, but gave up most of the gains on expectations of falling stocks. Exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan.