Archived News
22-05-2023
CPO futures expected to trade upwards between RM3,300 and RM3,700 next week
KUALA LUMPUR: Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives market are expected to trade with an upward bias of between RM3,300 and RM3,700, according to a trader.
22-05-2023
Malaysian Palm Oil Industry Seeks More Trade Collaboration with China at WCIFIT | Insights
Chongqing - During its participation in the 5th Western China International Fair for Investment and Trade (WCIFIT) being held in Chongqing from May 18-21, the Malaysian Palm Oil Board (MPOB) emphasized the potential for increased trade collaboration between Malaysia and China in the palm oil industry.
22-05-2023
How the Ukraine-Russia war affected sunflower oil consumption in India
Global prices of edible oils, which hit an all-time high after Russia’s invasion of Ukraine, have crashed. Sunflower has seen the greatest volatility over the last 1 year — and as India’s oil imports seem set for a record high this Nov-Oct year, sunflower, along with palm, has led the surge.
22-05-2023
Indonesia to launch CPO trade on local exchange by end 2023
Indonesia's plans to launch crude palm oil trade (CPO) on a local futures exchange are expected to come to fruition by the end of the year, Didid Noordiatmoko, the country’s commodity futures regulator (Bappebti), told local news outlets Friday.
22-05-2023
COLUMN-Funds may be bearish CBOT soybeans for first time since April 2020 -Braun
NAPERVILLE, Illinois, May 21 (Reuters) - Speculators have been heavier sellers of Chicago-traded soybeans in recent weeks, and although they retained bullish bets through last Tuesday, late-week liquidation could have funds short in real time.
19-05-2023
Malaysia keeps June crude palm oil export duty at 8%, raise reference price
KUALA LUMPUR: Malaysia has maintained its June export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.
19-05-2023
Malaysia-Indonesia to Send Palm Oil Joint Mission to EU This Month
TEMPO.CO, Kuala Lumpur - Malaysia and Indonesia, the leaders of the Council of Palm Oil Producing Countries, will send a joint mission to Brussels on May 30-31 to discuss diverse issues related to palm oil.
19-05-2023
Palm oil hits 20-day closing low as higher output
KUALA LUMPUR: Malaysian palm oil futures eased on Thursday for a fourth consecutive session, hitting a 20-day closing low amid fears of higher production, and as an extension of the Black Sea export deal raised the prospects of improved global supply.
19-05-2023
Palm oil may retest support zone of 3,344-3,363 ringgit
SINGAPORE: Palm oil may retest a support zone of 3,344-3,363 ringgit per tonne, a break below which could open the way towards 3,288 ringgit. The uptrend from 3,288 ringgit has been so deeply reversed that it is unlikely to extend.
19-05-2023
MPOB closes Belaga research station in Sarawak
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) Belaga Research Station, which conducts agronomy and research activities, has been closed and its staff members have been transferred to the MPOB Sessang Research Station.
19-05-2023
Palm Oil Council Welcomes Honduras as the Third Member
TEMPO.CO, Kuala Lumpur - The Council of Palm Oil Producing Countries (CPOPC) welcomed the third country member that represents the South American region, Hondur
19-05-2023
Palm oil slips as higher output, Black Sea deal extension weigh
KUALA LUMPUR: Malaysian palm oil futures dropped on Thursday for a fourth consecutive session, as hopes of higher production and an extension of the Black Sea export deal raised the prospects of improved global supply.