Archived News

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.

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.

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.

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.

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.

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.

Chinese biodiesel exports hit a monthly all-time high of 135,000t in June with surging demand for waste-based fuel in Europe.

FORT COLLINS, Colo., July 25 (Reuters) - Speculators have generally been selling Chicago corn since U.S. farmers began planting efforts this spring, but uncertainty over U.S. crop conditions and weather outlooks have recently prevented fund selloffs

CANBERRA, July 26 (Reuters) - U.S. soybean futures fell 1% to hit a two-week low on Monday as updated weather models called for more favourable weather in the coming weeks, easing concerns over crops.

The association has developed an app for both the app store and the play store which would be launched on Wednesday 28th July 2021 at the MENSVIC Grand Hotel at 10 am to enable consumers to track the source of the palm oil and the producers before purchasing for consumption

Palm oil is one of the most versatile oils used for cooking. It contains monounsaturated fats which are proven to be beneficial for health and is free from cholesterol and trans-fat which are considered unhealthy and detrimental to the body.

It maintained its 3-5% sales growth forecast for the year, but rising prices of everything from crude to palm and soybean oil made the company cut its operating margin outlook to "about flat" from "slightly up" earlier and flag greater uncertainty surrounding that forecast.