Archived News
15-12-2021
Palm oil fluctuates, eyes 4,625-4,676 ringgit range
SINGAPORE: Palm oil may break a support at 4,751 ringgit per tonne, and fall into 4,625-4,676 ringgit range.
15-12-2021
Vegetable oil imports rise 6% in Nov at 11.73 lakh tonnes: SEA
Edible oil imports rose to 11,38,323 tonnes last month from 10,83,329 tonnes in the year-ago period.
15-12-2021
Bursa opens lower in early trade, tracking Wall Street
KUALA LUMPUR (Dec 14): Bursa Malaysia opened lower in early trade on Tuesday (Dec 14), taking its cue from the weaker performance on Wall Street as it took a turn and fell across the board, led by sell-offs of consumer discretionary and energy stocks.
15-12-2021
USDA sees little renewable diesel benefit for soybean oil
Analysts generally concur that the burgeoning renewable diesel industry will result in exploding demand for soybean oil through 2030.
15-12-2021
Anti-palm oil campaigns run counter to principles of free trade, Saifuddin tells G7
PUTRAJAYA: As a country committed to enhancing trade liberalisation through a multilateral trading system centred on the World Trade Organisation (WTO), Malaysia views anti-palm oil campaigns and resolutions as contradictory to the principles of free trade and harmful to trade relations.
15-12-2021
Malaysia’s palm oil producers adjust to labour shortages, higher recruitment costs
Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to the coronavirus and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
15-12-2021
Palm oil firms on stronger crude, tightening Dec supply estimates
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, as crude strengthened and analysts estimated tightening December production and stockpile, although weaker rival oils weighed on prices.
14-12-2021
Palm oil falls 1% MoM on lower production, expected to improve in 2022
The production level is expected to recover in the coming months following the return of foreign workers MALAYSIA’S palm oil inventory edged down slightly by 1% month-on-month (MoM) to 1.82 million metric tonnes (MT) in November 2021 due to lower crude palm oil (CPO) production.
14-12-2021
Malaysia supplies 46% of India's palm oil imports in November
NEW DELHI (Dec 13): India imported 539,639 tonnes of palm oil in November 2021, of which 46.6% was supplied by Malaysia.
14-12-2021
Anti-palm oil campaigns are damaging trade relations, says Saifuddin
PUTRAJAYA, Dec 13 — As a country committed to enhancing trade liberalisation through a multilateral trading system centred on the World Trade Organisation (WTO), Malaysia viewed anti-palm oil campaigns and resolutions as damaging to trade relations and contradictory to the principles of free trade.
14-12-2021
Analysts mixed on plantation sector, expect CPO prices to remain high
KUALA LUMPUR (Dec 13): MIDF Research has maintained a 'positive' stance on the plantation sector with a target price for crude palm oil (CPO) of RM3,300 per tonne in calendar year 2022 (CY22).
14-12-2021
The ESG disconnect
KUALA LUMPUR: Despite the bullish crude palm oil (CPO) prices, the valuations of plantation stocks on Bursa Malaysia will likely remain held back by the environmental, social and governance (ESG) concerns moving forward.