Archived News

BUENOS AIRES, Jan 6 (Reuters) - Most of Argentina's agricultural region will be hit in the coming days by a heatwave accompanied by little or no rainfall, adding pressure to adverse conditions that its corn and soybean crops have suffered for weeks, the Buenos Aires Grains Exchange said on Thursday.

At the close Thursday, soybean and wheat futures trimmed today's earlier losses but still ended in the red.

PUTRAJAYA: The palm oil industry, being the fourth largest contributor to Malaysia’s economy, is expected to maintain its 2021 performance in 2022, backed by various marketing and promotional efforts to be conducted by the Ministry of Plantation Industries and Commodities and its agencies.

KUALA LUMPUR (Jan 5): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives climbed higher at Wednesday’s closing on concerns over weak output.

PETALING JAYA: Tight supply is expected to sustain crude palm oil (CPO) prices at current elevated levels in the early part of this year.

KUALA LUMPUR (Jan 5): Maybank Research is positive on regional plantations as fear of supply disruption due to sporadic flooding across the country will continue to support crude palm oil (CPO) prices.

SINGAPORE: Palm oil faces a resistance at 4,948 ringgit per tonne, a break above could lead to a gain into the 4,994-5,069 ringgit range.

KUALA LUMPUR: Malaysian palm oil futures ended Wednesday at a nine-week high, underpinned by forecasts of a drop in December inventory levels and worries over floods disrupting output in the world’s second-largest producer of the commodity.

Crude palm oil futures rose as high as 4% on the Malaysian commodities exchange on Jan. 3, driven by concerns that heavy rains across seven states in Malaysia may slow palm oil production at the world's second largest producer.

Crude palm oil prices rose for the second day supported by concerns about supply following floods in Malaysia and persisted labour shortages.

THE price of crude palm oil (CPO) is expected to remain elevated until the first quarter of 2022 (1Q22), supported by the La Nina phenomenon and seasonally lower production cycle.

KUALA LUMPUR (Jan 4): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives hit a four-week high on Tuesday (Jan 4), on concerns worsening floods in Peninsular Malaysia will disrupt production.