Archived News
20-09-2022
CPO futures ends lower on concern over rising output, Chicago soybean oil weakness
19/09/2022 (The Edge Markets), Kuala Lumpur - The concern over rising output in the country coupled with the weakness in the Chicago bean oil market has dragged crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) lower on Monday (Sept 19).
20-09-2022
Palm oil rebounds on strong demand outlook and weaker ringgit
19/09/2022 (The Malaysian Reserve) - PALM oil bounced back after slumping for two days on expectations of a rise in purchases by top consumers and as a weaker Malaysian currency made the tropical oil cheaper for overseas buyers.
20-09-2022
Palm oil reverses early gains
20/9/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early gains to fall for a third straight session on Monday, as expectations of higher production in September outweighed strong demand.
20-09-2022
Palm oil may retest support of 3,686 ringgit
20/9/2022 (Business Recorder), Singapore - Palm oil may retest a support of 3,686 ringgit per tonne, a break below which could be followed by a further drop into 3,542-3,608 ringgit.
20-09-2022
Indonesia Still Considering Purchases of Russian Oil, Minister Says
19/09/2022 (The Diplomat) - Indonesia remains open to buying cheap oil “from anywhere,” including Russia, in order to keep the domestic price of fuel under control, the country’s energy minister said on Friday.
20-09-2022
CPO futures trading may recover slightly
19/09/2022 (The Star Online) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives may see some trading recovery this week amid the current attractive price levels.
19-09-2022
Analysis: Asian farmers plant to boost palm oil output, seedling shortage slows pace
19/09/2022 (Reuters) - Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up with demand for sprouts and seedlings, risking a delay in the industry's recovery from the COVID-19 pandemic.
19-09-2022
Palm oil's implications on the United Nations Sustainable Development Goals
16/09/2022 (Phys.org) - From the second half of the twentieth century onwards, there has been an exponential increase in the production of palm oil, which has proven to be very versatile; so much so that it has become a common ingredient in many food products, such as margarine, biscuits, bread, cakes, chocolate, ice cream and non-food products such as detergents and cosmetics. Palm oil has also historically been used as a lubricant for machinery and its use as a biofuel in the energy sector has been growing particularly rapidly.
19-09-2022
Engage smallholder oil palm farmers in sustainability criteria, says Solidaridad
16/09/2022 (The Edge Markets), Kuala Lumpur - Smallholder oil palm farmer’s inclusion in sustainability criteria is critical as their contribution to palm oil production is expected to grow, said international civil society organization Solidaridad.
19-09-2022
CPO futures trading may recover slightly next week
17/09/2022 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives may see some trading recovery next week amid the current attractive price levels.
19-09-2022
Cooking oil prices expected to drop further on supply glitch ease
16/09/2022 (The Star.co) - Consumers could be relieved further from the high cost of cooking oil in the coming months as the supply of crude palm regain momentum.
19-09-2022
Govt asked to pass on price fall benefit
18/09/2022 (The Express Tribune), Rawalpindi - Prices of crude oil and palm oil have considerably dropped in global markets and keeping that in view the government should immediately pass its benefit on to the common man, said businessmen.