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SINGAPORE: Palm oil looks neutral in a range of 4,676-4,751 ringgit per tonne, and an escape could suggest a direction.

KUALA LUMPUR: Malaysian palm oil futures rose on Friday and were on course for a third straight annual gain, with tight production and robust demand expected to keep prices firm next year.

KUCHING (Dec 31): The Malaysian Palm Oil Board (MPOB) has invited those in the polyol and polyurethane industries to use its polyol pilot plants for pre-commercial trials and research and development (R&D) purposes.

THE supply of foreign workers in oil palm estates amid the ongoing flooding in some of the states in Malaysia, the high cost of fertilisers and the impact of Omicron are three key factors that may threaten the production recovery of crude palm oil (CPO) in 2022, according to the Council of Palm Oil Producing Countries (CPOPC).

Palm oil bulls will likely hold sway into early 2022 as a chronic worker shortage in No. 2 grower Malaysia and unusually heavy rains in key growing areas disrupt production of the world’s most-consumed edible oil.

Palm prices are expected to stay strong next year as production will remain constrained due to soaring fertiliser costs and long-standing labour shortages, the Council of Palm Oil Producing Countries (CPOPC) said on Thursday.

Malaysian palm oil futures fell on Wednesday, as rival oils weakenedand traders booked profits after prices rose to a two-week high in the previous session.

Palm oil may retest a support at 4,676 ringgit per tonne, a break below which could cause a fall into 4,591-4,625 ringgit range.

The Black Sea sunflower oil market faces challenges in 2022 as farmers hold onto seed stocks in the first half of the year, but record sunflower oil production is still expected.

China’s commodities markets suffered through a turbulent year in 2021 as an energy crunch and subsequent government intervention roiled the prices of products from thermal coal to urea, whipsawing them from record highs to monthly lows in weeks.

JAKARTA : Indonesia's crude palm oil output is expected to rise 2.6per cent next year to 51.01 million tonnes from this year's estimate of 49.71 million tonnes, the head of the Estate Crop Fund Eddy Abdurrachman said in a news conference.

KUALA LUMPUR: Kim Loong Resources Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png posted a higher net profit of RM41.09 million for the third quarter ended Oct 31, 2021 (Q3), from RM28.84 million registered in the same quarter last year.