Archived News

India's retail inflation likely slowed to a three-month low in July, bringing it back within the central bank's target range, on falling food prices and an easing of supply chain disruptions, a Reuters poll found.

The Prime Minister has been for a while emphasising that the forex savings from reduced edible oil imports can be spent on encouraging farmers to take up palm and oilseeds cultivation in a big way.

Malaysian palm oil end stocks in July could rise slightly on the month, with production and exports expected to retreat by around 5%, an S&P Global Platts survey showed

A market survey conducted by our reporter showed that the price of palm oil has increased by about 20 per cent compared to last week

Finance Minister Shaukat Tarin has directed Secretary Ministry of National Food Security and Research to work out modalities for establishing commodity warehouses, storage facilities and agri-malls on the basis of Public-Private Partnership (PPP) and present to the committee.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives swung between positive and negative territory today but ended lower on mounting concerns over weaker exports amid recently high prices which deter short-term demand.

He said a few traders were still selling above the price set by the government with the excuse that they were not aware of the price control and they would immediately revert to the price recommended by the government.

Government sources said one of the other key aims of the move is to harness domestic edible oil prices that are dictated by expensive palm oil imports.

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives finished the week mostly higher today after volatile trading from lower Malaysian Palm Oil Association (MPOA) production data.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

SINCE the start of the year, the plantation sector, as measured by the Kuala Lumpur Plantation Index (KLPI), has underperformed the FBM KLCI by 8.4%, as the former is down 16.5% year-to-date while the latter is lower by 8.1% for the same period.

KUALA LUMPUR: Malaysian palm oil futures edged higher on Friday, underpinned by a forecast for a decline in July production, although the contract was set for its first weekly loss in seven.