Archived News

SINGAPORE: Malaysian palm oil futures rose more than 3% on Tuesday to their highest closing in one week, tracking strength in rival edible oils and on expectations of tightening supply.

PETALING JAYA: Better palm oil harvests and rising global biofuel demand are expected to keep crude palm oil (CPO) prices stable in the medium term, which bodes well for United Malacca Bhd (UMB), say analysts.

Speculators last week ended their record selling streak in Chicago-traded corn, but they posted a second consecutive week of heavier selling in soybean meal and, to a lesser extent, soybeans.

MUMBAI, March 28 (Reuters) - Palm oil's rare premium over rival rapeseed oil and sunflower oil is likely to be short-lived and it should start trading at a discount once top producer Indonesia eases export curbs after Ramadan, industry participants told Reuters.

Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains.

PETALING JAYA: Crude palm oil (CPO) may be susceptible to a shortage in the US dollars globally if the US banking crisis uncertainty prolongs, says Maybank Investment Bank (Maybank IB) Research.

27/03/2023 (The Malaysian Reserve) - PALM oil expansion looks less promising in the long run as stricter regulations are slowing down growth of new oil palm cultivation thus, lowering yield of fresh fruit bunches (FFB) and pushing up costs.

27/03/2023 (The Malaysian Reserve) - DISCRIMINATION against palm oil has been ongoing for decades, facing Western scrutiny since the 1990s. Allegations upon allegations were thrown against oil palm estates and edible oil, each more daunting than before. Cancer triggers, killing orangutans, deforestation and forced labour are among the accusations made against producing countries.

28/03/2023 (Hellenic Shipping News) - Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange ended up 65 ringgit, or 1.9%, to 3,577 ringgit ($809.46) a tonne.

27/03/2023 (Nasdaq), Singapore - Malaysian palm oil futures climbed on Monday, lifted by stronger March exports so far, setting the contract on course to snap a seven-day decline.

27/03/2023 (Eco-Business) - Palm oil industry veteran Carl Bek-Nielsen has been appointed as the new chairman of the Malaysian Palm Oil Council, an organisation tasked with promoting the market expansion of the country’s palm oil and its products.

27/03/2023 (Fast Company) - On a former sugarcane plantation in Oahu that was abandoned for decades, rows of trees now grow in the degraded soil. The trees—called pongamia—aren’t new to Hawaii. But a company called Terviva is the first to farm them, after discovering a way to process the trees’ beans to make them into food.