Archived News

13/06/2024 (Bar Chart) - Soybeans are pushing higher on Thursday, helped by meal strength. Bean contracts are up 9 to 10 cents across the nearby contracts. Soymeal futures are bouncing at midday, with July up $7.30/ton. Soy Oil futures are down 8 points in the July contract.

12/06/2024 (The Edge Malaysia), Kuala Lumpur - Ecoscience International Bhd (KL:EIB), an integrated palm oil milling services provider, has secured a RM61.8 million contract for the construction of a crude palm oil (CPO) pretreatment plant and a plant, machinery, and equipment (PME) plant in Port Dickson.

12/06/2024 (The Business Times) - MALAYSIAN palm oil producer Johor Plantations Group (JPG) and a shareholder expect to raise about RM735 million (S$211 million) in an initial public offering (IPO), putting the group on track to execute the country’s biggest listing in over two years.

12/06/2024 (Reuters), Singapore - Malaysian palm oil futures extended gains onWednesday, tracking highersoyoil and crude oil prices.

13/06/2024 (Nikkei Asia) - Ahmad Munawir Siregar is a member of the research staff of the Purnomo Yusgiantoro Center, a Jakarta-based think tank focused on energy, natural resources and defense. Akhmad Hanan is a researcher at the center.

12/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures extended gains on Wednesday, tracking higher soyoil and crude oil prices.

13/06/2024 (Biomass Magazine) - The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released June 12. The overall 2024-’25 outlook for soybeans includes higher beginning and ending stocks.

11/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures rose Tuesday, reversing midday losses, as lower rapeseed projections overshadowed U.S. soybean ratings, which were as expected.

11/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures reversed course to fall on Tuesday on weaker rival oils and lower export expectations in June, although a weaker ringgit limited losses.

12/06/2024 (The Star Online), Petaling Jaya - The plantation sector will likely see the impact of the hot and dry weather spell more towards the later part of 2024, but total production of the year will likely be higher year-on-year (y-o-y), helped greatly by the availability of adequate supply of labour to the sector.

11/06/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s stockpile of palm oil may continue to swell in the coming months on seasonal strength in production and weigh on prices, analysts cautioned.

11/06/2024 (Farm Ranch Guide) - Cnola prices weakened in early June, dropping three consecutive days up to June 5. Outside markets and competing oilseeds have dragged the market lower. With favorable crop conditions in the U.S. and Canada, markets have been subdued.