Archived News

Malaysia’s end-September palm oil stocks fell more sharply than expected as export demand surged while production stayed flat, according to data by the palm oil board yesterday, supporting prices that are already trading near all-time highs.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mostly lower on Monday, amid profit-taking activities following the recent price rally, a dealer said.

IOI Corp Bhd is aiming to increase its oleochemical earnings by RM100 million, or more than 35%, by FY21, according to a report by Public Invest Research.

For this reason, in 2019 the Roundtable on Sustainable Palm Oil (RSPO) set Shared Responsibility rules aimed at encouraging its members to adopt shared sustainability requirements and obligations. The Shared Responsibility rules have been introduced to ensure that all available certified sustainable palm oil (CSPO) produced by RSPO grower members is met with equal demand from users and consumers.

Oct 8 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Kuala Lumpur:

JAKARTA, Oct 8 (Reuters) - Indonesia's August exports of palm oil, including refined products such as oleochemicals, rose 59% year on year to 4.27 million tonnes, data from the Indonesian Palm Oil Association (GAPKI) showed on Friday.

KUALA LUMPUR (Oct 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives accelerated to close at an all-time high today, setting fresh record prices for the third time this week.

New Delhi, October 10 The Centre on Sunday imposed stock limits on traders of edible oils and oilseeds, barring importers and exporters, till March 31, to check rising domestic prices and give relief to consumers.

FORT COLLINS, Colo., Oct 10 (Reuters) - Despite heavier-than-expected ending stocks for U.S. corn and especially soybeans, speculators in the most recent week were buyers of Chicago corn and moderate sellers of soybeans. That was partially supported by bullish sentiment in other markets including wheat, soybean oil and energy.

Chicago Board of Trade (CBOT) agricultural futures traded flat in the past week as the energy market accelerated on tightening supplies.

Indonesia's palm oil exports fell 33% month on month to 2.241 million mt in September, according to vessel and shipment data seen by S&P Global Platts, as higher prices prompted major buyers India and China to focus on Malaysian shipments.

Malaysian palm oil futures fell on Thursday after a three-day rally to a record high, as crude oil prices declined although worries of tight supply lent some support to the vegetable oil.