Archived News

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysia's palm oil inventories at the end of March are seen tumbling to below 2 million tonnes to the smallest level in eight months, as exports soared ahead of the month of Ramadan, a Reuters survey showed on Wednesday.

05/04/2023 (The Malaysian Reserve) - PALM oil stockpiles in Malaysia likely plunged the most in more than two years in March, dropping below the 2 million-ton level, as exports jumped and production in the second-biggest grower continued to weaken.

04/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday as traders booked profits after the contract hit a nearly three-week high in the previous session, and was further weighed by a stronger ringgit.

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped more than 2% on Wednesday, ending a sharp two-day climb, although a forecast of shrinking stockpiles limited the losses.

05/04/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped on Wednesday after touching a near three-week high the previous day, although a forecast of shrinking stockpiles limited the losses.

05/04/2023 (The Star Online), Kuala Lumpur - The government is studying to implement a two-tier pricing mechanism to control the market price of cooking oil for domestic consumption.

Malaysian palm oil futures jumped on Tuesday, hitting their highest closing levels in nearly three weeks, as traders covered positions following a surge in crude prices.

Malaysia said on Sunday, April 2, that the country has signed a memorandum of understanding with a Chinese government-backed trade association to enhance palm oil trade and cooperation.

KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) has urged the government to take into consideration the rising cost of production of crude palm oil (CPO) when determining the revised price of the windfall profit levy.

A retracement analysis on the downtrend from 4,425 ringgit reveals a break above the key barrier of 3,853 ringgit. The breaks increased the chance of a gain into 3,963-4,072 ringgit range. However, time is against bulls.

SPECULATORS reduced bullish views in Chicago-traded soybeans last week as last month’s sell-off was bottoming.

Brazil has enough potential to supply up to half of the soybeans that Argentina will import to keep its industrial park running in the face of the historic drought that ravaged the 2022/23 crop in the country, which is usually the largest exporter of soy oil and soy meal in the world.