Archived News
10-02-2022
Palm oil rally continues despite several measures to check price rise
New Delhi: Despite several attempts by the Centre to cool off prices, crude palm oil has maintained its strong rally from 2021 and has risen about 10-15 per cent in the current calendar year.
10-02-2022
VEGOILS Palm eases ahead of Malaysia Jan production data
JAKARTA, Feb 10 (Reuters) - Malaysian palm oil futures fell in early trade on Thursday ahead of the country's January production data release, taking a step back after a rally triggered by a new export restriction policy by world's biggest palm oil maker Indonesia.
09-02-2022
VEGOILS Palm falls most in three weeks as weaker rival oils weigh
JAKARTA, Feb 8 (Reuters) - Malaysian palm oil futures posted their biggest single-day loss in over three weeks on Tuesday, as weaker rival oils triggered profit-taking and traders digested palm production and export forecasts.
09-02-2022
Ministry predicts palm oil prices to dip
Despite mounting pressure from high oil prices, the Commerce Ministry has found the prices of certain products such as pork are declining.
09-02-2022
CGS-CIMB: Malaysia’s palm oil stock likely fell 1.2% in January on weaker output
KUALA LUMPUR (Feb 8): Malaysia’s palm oil stock likely fell by 1.2% month-on-month (m-o-m) to 1.56 million tonnes in January due to weaker output, CGS-CIMB said Tuesday (Feb 8).
09-02-2022
Palm oil may retest support at 5,484 ringgit
SINGAPORE: Palm oil may retest a support at 5,484 ringgit per tonne, a break below which could cause a fall into 5,366-5,425 ringgit range.
09-02-2022
Palm falls most in three weeks
JAKARTA: Malaysian palm oil futures posted their biggest single-day loss in over three weeks on Tuesday, as weaker rival oils triggered profit-taking and traders digested palm production and export forecasts.
09-02-2022
Forced labour issue can hurt Sime Darby Plantation's credit quality: Moody's
KUALA LUMPUR: Sime Darby Plantation Bhd's (SDP) inability to address forced labour findings by the US Customs and Border Protection (CBP) will hurt its credit quality, said Moody's Investors Service.
09-02-2022
Malaysia’s agri-commodity under focus at Expo 2020 Dubai
The Malaysia Sustainable Agricommodity Week (Food Agricommodities), being held this week (February 7 to 12) at the World Expo 2020, Dubai, is focusing on Malaysia's important food-based agricultural commodities, namely palm oil, cocoa and pepper as well as sustainable initiatives and management in the Malaysian palm oil industry.
09-02-2022
Corn, Soybean Prices Close Lower | Tuesday, February 8, 2022
On Tuesday, the CME Group’s farm markets close mostly lower. At the close, the March corn futures closed 3¢ lower at $6.32. May futures finished 3¢ lower at $6.34. December futures ended 1¢ higher at $5.82. March soybean futures settled 12¾¢ lower at $15.69.
09-02-2022
Trade Ministry to stabilize the price of cooking oil
Jakarta (ANTARA) - Trade Ministry's Director-General of Domestic Trade, Oke Nurwan, confirmed that the government was in the process of stabilizing cooking oil prices by implementing policies, including Domestic Mandatory Obligation (DMO) and Domestic Price Obligation (DPO).
09-02-2022
VEGOILS Palm extends fall on rival oil weakness, traders await output data
JAKARTA, Feb 9 (Reuters) - Malaysian palm oil futures extended losses to a third session on Wednesday, dragged down by lower vegetable oil prices in China, while investors awaited official January production and export data due on Thursday.