Archived News
27-07-2021
Palm oil targets 4,344 ringgit
SINGAPORE: Palm oil may break a resistance at 4,274 ringgit per tonne and rise to 4,344 ringgit per tonne, as it has pierced above a lower resistance at 4,260 ringgit.
27-07-2021
CBOT soybeans rise after traders see market as oversold
NEW YORK, July 26 (Reuters) - U.S. soybean futures rose on Monday, as traders worried the market was oversold after earlier reaching a two-week low and as a palm oil rally spilled over into the market, traders said.
27-07-2021
VEGOILS-Palm oil reverses losses, jumps over 2% on declining production
SINGAPORE, July 26 (Reuters) - Malaysian palm oil futures reversed earlier losses to jump more than 2% higher on Monday, as palm production fell more than 10% in July, traders say.
27-07-2021
GRAINS-Soybeans, corn rise after days of losses
NEW YORK, July 26 (Reuters) - Chicago soybeans and corn rose on Monday after traders fretted that both markets were oversold, while continued dryness in the northern Plains helped boost futures further.
27-07-2021
Rising prices felt by corporations, consumers alike as commodities surge globally
Tired of traveling from store to store in search of the best prices, Renad Wafi is increasingly shopping online for basic items in an attempt to balance the household budget.
26-07-2021
CPO futures may see technical correction after rally
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to experience a technical correction after a strong rally recently.
26-07-2021
Sri Lanka, tea, palm oil farms to be hit by fertilizer ban: Fitch
ECONOMYNEXT – Sri Lanka’s tea and oil palm farming companies are likely to be hit from a fertilizer ban Fitch Ratings said though prices may rise to compensate, Fitch Ratings said as imports were curtailed after money printing created forex shortages.
26-07-2021
CPO futures rally to breach RM4,200, highest level in two months
KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,200 a tonne for October benchmark contract, the highest level in two months.
26-07-2021
Malaysia keeps August crude palm oil export duty at 8%
KUALA LUMPUR, July 23 - Malaysia has maintained its August export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed on Friday.
26-07-2021
Palm oil may fall to 4,009 ringgit
SINGAPORE: Palm oil may fall to 4,009 ringgit per tonne, as it failed a few times to break a resistance at 4,164 ringgit.
26-07-2021
Palm rises over 2%, set for fifth weekly climb on India buying
Malaysian palm oil futures jumped more than 2% on Friday and were set for a fifth consecutive weekly gain, buoyed by strong demand from top buyer India amid concerns over tight production.
26-07-2021
China's UCO, biodiesel exports keep rising
Chinese biodiesel exports hit a monthly all-time high of 135,000t in June with surging demand for waste-based fuel in Europe.