Archived News

Malaysian palm oil futures fell on Monday as crude and rival vegetable oil prices weakened on concerns that surging Omicron cases globally would hurt demand, while December export data is likely to remain soft.

India allowed imports of refined palm oil until December 2022, the government said in a notification, as the world’s biggest vegetable oil buyer tries to bring down edible oil prices.

17/12/2021 (https://themalaysianreserve.com) - THE Malaysian Palm Oil Association (MPOA) launched a charter that outlines its members’ commitments to respect labour rights, adopt responsible recruitment practices and provide good working and living conditions for workers, the growers’ group said yesterday.

17/12/2021 (https://www.hellenicshippingnews.com) - Malaysian palm oil futures jumped on Thursday, recovering from the previous session’s steep decline, as it tracked strength in rival soyoil, while concerns about tightening production also supported sentiment.

16/12/2021 (https://www.thehindubusinessline.com) - Cotton prices may continue to rally in the coming quarters and are likely to cool-off in the second half of 2022, while palm oil prices are expected to hit new highs on robust demand and tight supplies in the new year, commodity analyst T Gnanasekar, Director, Commtrendz Research, said on Thursday.

15/12/2021 (Business Recorder) - SINGAPORE: This is the fifth wave of a double-zigzag. A falling channel suggests a target around 4,555 ringgit. After the consolidation in the narrow range of 4,751 ringgit to 4,812 ringgit, the following drop could be full of momentum.

16/12/2021 (https://www.theedgemarkets.com) - KUALA LUMPUR (Dec 16): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped three days of losses to end higher on Thursday, taking the cue from overnight gains in Chicago Board of Trade soybean oil.

16/12/2021 (http://www.biodieselmagazine.com) - The U.K. Trade Remedies Authority on Dec. 15 proposed to keep current anti-dumping and countervailing measures on fatty-acid mono-alkyl esters (FAME) biodiesel in place for an additional five years, but remove similar measures currently in place for renewable diesel produced from paraffinic gasoil obtained from synthesis or hydro-treatment of non-fossil origin (HVO).

15/12/2021 (www.brecorder.com) - More than a third of Pakistan’s food import bill is headlined by palm oil this fiscal year. As early signs of softening emerge in prices of other commodities, particularly energy, hopes were pinned that palm oil will soon follow a similar trajectory. The emergence of Omicron fueled further hope but the production slowdowns being observed among key producing countries, has kept the commodity holding to the highs.

16/12/2021 (www.thestar.com.my) - PETALING JAYA: Nestle (M) Bhd has partnered with Sime Darby Plantation Bhd to plant over one million trees within the latter’s oil palm operation areas.

15/12/2021 (www.malaymail.com) - KUALA LUMPUR, The Malaysian Palm Oil Association (MPOA) has launched a charter that affirms the commitment of its members to respect labour rights, adopt responsible recruitment practices and provide good working and living conditions for workers.

14/12/2021 (www.bloomberg.com) - A Malaysian firm is developing a harvesting tool for palm oil that could accelerate automation in an industry that is known not only for its grueling conditions, but is also suffering from a chronic labor shortage.