Archived News
11-10-2021
CBOT agricultural futures trade flat in past week
Chicago Board of Trade (CBOT) agricultural futures traded flat in the past week as the energy market accelerated on tightening supplies.
08-10-2021
Indonesia's Sep palm oil exports fall 33% on month as India, China favor Malaysia
Indonesia's palm oil exports fell 33% month on month to 2.241 million mt in September, according to vessel and shipment data seen by S&P Global Platts, as higher prices prompted major buyers India and China to focus on Malaysian shipments.
08-10-2021
Palm tracks crude to snap three-day rally, supply fears cap losses
Malaysian palm oil futures fell on Thursday after a three-day rally to a record high, as crude oil prices declined although worries of tight supply lent some support to the vegetable oil.
08-10-2021
This festival season, cooking oils may pinch consumers’ pockets
Global shortage of edible oils due to a slew of factors likely to keep prices firm
08-10-2021
KLK major shareholder Batu Kawan rises to record high
KUALA LUMPUR (Oct 7): Kuala Lumpur Kepong Bhd's (KLK) major shareholder Batu Kawan Bhd's share price climbed to a record high on Thursday (Oct 7) after rising as much as RM1.18 or 5.57% to RM22.38 as crude palm oil (CPO) prices at above RM5,000 a tonne fuel investor interest in shares of the plantation group.
08-10-2021
World food prices hit 10-year peak –FAO
PARIS (Reuters) -World food prices rose for a second consecutive month in September to reach a 10-year peak, driven by gains for cereals and vegetable oils, the United Nations food agency said on Thursday.
08-10-2021
Brazil's soybean crush 3.3% down in August: Abiove
Brazil's soybean crush reached 3.3 million tons in August 2021, an annual decrease of 3.3%, according to monthly statistics from the Brazilian Association of Vegetable Oil Industries (Abiove) on the country's soy complex, which were updated this Thursday.
07-10-2021
Crude palm oil futures on Bursa Malaysia cross MR5,000/mt mark
The front-month October palm oil contract on the Bursa Malaysia crossed the MR5,000/mt mark Oct. 6 on short covering activities.
07-10-2021
Indonesia conducts test flight using jet fuel mixed with palm oil
JAKARTA, Oct 6 (Reuters) - Indonesia conducted its first test flight using jet fuel partially from palm oil on Wednesday, a senior minister said, as the country plans to commercialise the fuel as it seeks creative ways to use the edible oil domestically.
07-10-2021
Malaysia's CPO futures rise past RM5,000 a tonne to new record high
KUALA LUMPUR (Oct 6): Bursa Malaysia crude palm oil (CPO) futures prices rose past RM5,000 a tonne for the first time to a record high on Wednesday (Oct 6) after the CPO price for October 2021 rose as much as RM75 to RM5,050.
07-10-2021
Lifting of foreign labour ban on oil palm plantations offers sector slight relief
WHILE Putrajaya’s lifting of its foreign labour freeze on the plantation sector marks a silver lining for players, there is still some way to go before the strained industry sees any meaningful impact.
07-10-2021
Plantation stocks at multi-month highs as CPO futures breach RM5,000
KUALA LUMPUR (Oct 7): Plantation stocks such as Kuala Lumpur Kepong Bhd (KLK), Genting Plantations Bhd and Sime Darby Plantation Bhd rose to multi-month highs on Wednesday, as crude palm oil (CPO) futures breached the RM5,000 per tonne mark for the first time.