Archived News

KUALA LUMPUR (June 14): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, tracking the overnight losses in the soybean oil market on the Chicago Board of Trade.

SHANGHAI, June 15 (Reuters) - China's edible oil futures plunged in early trade on Tuesday, with palm oil DCPcv1 on the Dalian Commodity Exchange dropping by more than 7% at its open.

On Monday, the CME Group’s farm markets close sharply lower. At the close, the July corn futures closed 25¼¢ lower at $6.59. New crop September futures finished 31½¢ lower at $5.98. December corn futures closed 28½¢ lower at $5.81¾.

SAO PAULO (.) – Brazil will export more soybeans and soybean oil than expected in 2021, after the country provisionally reduces the mandatory mix of biodiesel in the composition of diesel, the Brazilian Association of Vegetable Oil Industries said on Monday ( Abiove).

KUCHING: The enforcement of the latest movement control order (MCO) is unlikely to have much impact on palm oil production, analysts opine.

SINGAPORE: Malaysian palm oil futures fell for a fifth consecutive session on Friday, as they tracked losses in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade (CBOT).

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely experience a technical correction next week following high inventory data released by the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR (June 11): Expectations of a tight inventory level in the plantation sector due to slower production growth in the upcoming months could lend support to the crude palm oil (CPO) price, which can average at RM3,000 per tonne level this year, MIDF Research said.

SINGAPORE, June 11 (Reuters) - Malaysian palm oil futures fell 4.8% on Friday to post their biggest drop in nearly a month due to technical selling after the contract broke support.

SINGAPORE: Palm oil may fall into a range of 3,495 ringgit to 3,635 ringgit per tonne, as it has broken a support at 3,888 ringgit per tonne.

SUNGAI BESAR: The Government, through the Domestic Trade and Consumer Affairs Ministry (KPDNHEP), will conduct a study to set a ceiling price for 5kg bottled cooking oil based on the current market price.

FOB basis soybean oil in South America has plunged to record lows on surging Chicago Board of Trade futures and lackluster export demand in Argentina and Brazil, with outright prices in the two producers still at historical high levels.