Archived News
24-05-2023
Palm oil may retest resistance at 3,498 ringgit
23/05/2023 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,498 ringgit per tonne, a break above which could lead to a gain to 3,563 ringgit.
24-05-2023
4,400kg of subsidised cooking oil seized in Sandakan
23/05/2023 (New Straits Times), Sandakan - The Domestic Trade and Cost of Living Ministry busted a subsidised cooking oil syndicate following the seizure of 4,400 kilogrammes of the oil in a raid at Batu 9, near here, yesterday.
24-05-2023
Marine cops foil cooking oil, fuel smuggling bid in Semporna
23/05/2023 (The Star Online), Kota Kinabalu - The marine police foiled an attempt to smuggle out over 1,000kg of subsidised cooking oil and petrol by three men to the Philippines in Sabah’s east coast Semporna district.
23-05-2023
Palm oil ends lower
23/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Monday, down for a fifth session in six, as subdued demand, rising production, and losses in rival edible oils weighed on the market.
23-05-2023
Fitch group research house sees further downside ahead for palm oil prices in Malaysia
22/05/2023 (New Straits Times), Kuala Lumpur - BMI Industry Research, a Fitch Solutions unit, today projected further downside ahead for palm oil prices in the country before a slight recovery in the second half, reported Xinhua.
23-05-2023
TSH Resources optimistic about 2023 performance
22/05/2023 (The Star Online), Kuala Lumpur - TSH Resources Bhd is optimistic of achieving satisfactory performance for the year 2023.
23-05-2023
CPO price to rise in 2024, as El Nino reduces output
22/05/2023 (New Straits Times), Kuala Lumpur - Affin Hwang Investment Bank Bhd forecasted a rise in crude palm oil (CPO) prices, particularly in 2024, since the output will be hampered by the climatic phenomenon of El Nino.
23-05-2023
Palm oil drops on losses in rival cooking oils and poor demand
22/05/2023 (The Malaysian Reserve) - Palm oil tumbled in Kuala Lumpur, dragged down by losses in competing cooking oils as well as weaker-than-expected demand from key buyers.
23-05-2023
VEGOILS-Palm oil tumbles over 2% on lacklustre demand, higher output fears
22/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped more than 2% on Monday, surrendering the previous session's gains, as subdued demand, rising production, and losses in rival edible oils weighed on the market.
23-05-2023
BMI: CPO futures to average at RM3,800 per tonne this year
22/05/2023 (Malay Mail), Kuala Lumpur - BMI, a Fitch Solutions company, is maintaining its view that the average crude palm oil (CPO) third-month futures prices will trade at a mean value of RM3,800 per tonne through 2023.
23-05-2023
Palm oil ends lower on lacklustre demand, higher output fears
22/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Monday, down for a fifth session in six, as subdued demand, rising production, and losses in rival edible oils weighed on the market.
22-05-2023
Palm oil gains on renewed Chinese buying
KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday, lifted by renewed buying by key importer China, even as prices clocked their first weekly drop in three.