Archived News
03-04-2017
MEPs to Vote on Sustainable Palm Oil Report
MEPs will debate a report calling on the European Commission to take measures to phase out palm oil in biofuels and a single certification scheme for the commodity to enter the EU market, later today (April 3), ahead of a vote scheduled for tomorrow.
03-04-2017
Palm oil to test support at 2,638 ringgit
Palm oil is expected to test a support at 2,638 ringgit per tonne, a break below which could cause a further loss to 2,609 ringgit. For a chart: http://tmsnrt.rs/2nMga1G The support is provided by the 100 percent Fibonacci projection level of a downward wave c, the third wave of a bigger wave (5) from the March 6 high of 2,898 ringgit. The bullish divergence on the hourly MACD suggests that the downtrend has become very exhausted. There might be a good chance of the support to hold. Resistance is at 2,665 ringgit, a break above which could lead to a gain to 2,685 ringgit. A further gain above 2,685 ringgit will signal the completion of the wave c.
03-04-2017
Bank of England to use palm oil for £ 20 note?
Move considered after criticism from Hindus, Sikhs and vegetarians of use of animal fat in plastic £ 5 notes
31-03-2017
VEGOILS-Market Factors to Watch Mar 31
31/03/2017 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.
31-03-2017
VEGOILS-Palm Snaps Two Days of Gains, Hits More Than Five-Month Low
31/03/2017 (Reuters) - Malaysian palm oil futures snapped two sessions of gains on Thursday, hitting their lowest in more than five months, dragged down by weaker-performing rival soyoil on the Chicago Board of Trade (CBOT) and China's Dalian Commodity Exchange.
31-03-2017
Malaysia's Palm Oil Stands To Reap Potential Benefits From Brexit
31/03/2017 (Bernama) - Malaysia's food exports, especially palm oil, stands to reap trade opportunities through the changes created by the United Kingdom's (UK) departure (Brexit) from the European Union (EU).
31-03-2017
Perak PPN's Palm Oil Mill Expected To Start Operations At End-2017
31/03/2017 (Bernama) - The Perak Farmers Organisation's (PPN) pioneer palm oil mill in Beruas, is now expected to be operational, the latest by end-2017.
31-03-2017
India Soyoil Futures Fall Tracking CBOT Soyoil, Malaysian Palm Oil
31/03/2017 (Reuters) - Indian soyoil futures fell on Thursday, tracking weakness in soyoil on the Chicago Board of Trade (CBOT) and Malaysian palm oil.
31-03-2017
Import of Soyabean Oil Reduces by 58.1% in Eight Months
31/03/2017 (Associated Press of Pakistan) - Soyabean oil import into the country during first eight months of current financial year reduced by 58.1 percent as compared to the imports of corresponding period of last year.
31-03-2017
Crude Palm Oil Futures Weaken on Profit-Booking
31/03/2017 (Business Standard) - Crude palm oil prices were down by 0.18 per cent to Rs 511.70 per 10 kg in futures trade today as speculators booked profits at prevailing higher levels amid easing demand in spot market against adequate stocks.
31-03-2017
Palm Oil Imports to Russia Decreased By 18% Against Last Year
31/03/2017 (UkrAgroConsult) - Russia purchased 66.7 KMT of palm oil in February 2017, or almost twice as much as in the previous month (34.4 KMT). However, its imports dropped by 33% against February 2016 (99.8 KMT).
30-03-2017
VEGOILS-Market Factors to Watch Mar 30
30/03/2017 - (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets.