Archived News

KUALA LUMPUR: Malaysian palm oil futures rose as much as 3.2% on Tuesday, touching its highest in five weeks, on persisting concerns over tight supply of palm and rival edible oils amid hopes of an improvement in export shipments.

Palm oil prices in India have risen more than six per cent even after the government cut import tax and allowed shipments of refined palm oil as its price overseas jumped in anticipation of strong demand from the world's biggest buyer, industry officials said.

India's imports of vegetable oils fell by 20% month on month in June to 996,014 mt due to a build-up of stocks at its ports, the Solvent Extractors' Association of India (SEAI), a national trade body, said in its monthly release July 13.

KUCHING (July 11): Sarawak’s palm oil industry is teetering on the brink of collapse because of crippling labour shortage and restrictions of the standard operating procedure (SOP) imposed to curb the Covid-19 pandemic. Labour shortage is a perennial problem besetting the industry, because locals generally shun jobs in the industry forcing refineries, oil palm estates and smallholders to depend heavily on foreign workers.

[KUALA LUMPUR] Malaysian palm oil futures rose 2 per cent on Friday, set for a third consecutive weekly gain, as a weaker ringgit made edible oil cheaper for holders of foreign currency, while expectations of tight production further buoyed trader sentiment.

BUSINESS entities that run any used cooking oil collection activities in the market require a licence from the Malaysian Palm Oil Board (MPOB), as the board regulates such activities, especially if they involve palm oil.

KUALA LUMPUR: A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.

KUALA LUMPUR (July 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended the week higher, rebounding from three straight days of losses, tracking the steadier performance on the soybean oil market and crude oil prices, said palm oil trader David Ng.

KUALA LUMPUR, July 9 — CGS-CIMB Futures Sdn Bhd projects crude palm oil (CPO) price to remain firm at RM3,400 to RM4,000 per tonne in July 2021, amid low global edible oil inventories and workers shortage in Malaysia.

Malaysian palm oil futures eased for a third straight session on Thursday, pressured by profit-taking and position-squaring ahead of official data release, but a weaker ringgit and production constraints underpinned prices.

A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.

The US Department of Agriculture predicts that Indonesian biodiesel exports will remain stifled at just 100mn litres this year as the country concentrates on meeting its ambitious 30pc mixture of renewables in its transport (B30) mandate.