Archived News
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.
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.