Archived News

KUALA LUMPUR (Oct 1): Bursa Malaysia Derivatives Bhd will be launching the East Malaysia Crude Palm Oil Futures (FEPO) contract, which aims to meet the evolving needs of the Sabah and Sarawak palm oil market players for greater price transparency and alternative risk management tool.

India's palm oil imports in September more than doubled from a year ago to a record 1.4 million tonnes as buyers increased purchases of refined palm oil ahead of key festivals and to take advantage of newly lowered duties, brokers and dealers said.

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) has identified an efficient treatment for oil palm trees infected with Ganoderma, the fungus that causes upper stem rot.

OKOMU: Standing beside the piles of dark red palm fruits ready for crushing for their essence, Nigerian farmer Micah Ojo hopes to cash in on the government's drive to revive the country's once thriving palm oil business.

The sudden rise in demand for biofuels is causing supply tightness in the soybean oil market, which is likely to persist until 2022. Alternatives such as sunflower oil will benefit from this situation.

KUALA LUMPUR (Oct 2): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is poised for a technical correction next week following the uncertain price movement this week, dealers said.

The Energy Ministry will use the State Oil Fund to keep the retail price of biodiesel B10 from going above 30 baht per litre.

Palm oil futures prices set a new all-time high in Malaysia on Sept. 30 as news of supply concerns and higher exports coincided with Chinese buyers rushing to book palm oil shipments to make up for a potential shortage in soybean oil ahead of China's week-long Golden Week national holiday.

Plant-based biotechnology platform company Calyxt announced a new partnership with an undisclosed ingredients manufacturer in Asia to develop a modified soybean capable of becoming a commercial alternative to palm oil.

Malaysian palm oil futures fell on Wednesday, erasing gains from the previous session, as they tracked weakness in crude oil and U.S. soyoil prices.

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high today as concerns over weak production continued to lift sentiment. The benchmark palm oil contract - December 2021 - jumped RM140 to RM4,595 a tonne.

SINGAPORE, Sept 30 (Reuters) - Malaysian palm oil futures hit a record high on Thursday, and marked its third straight session of gains, after exports of the edible oil surged and as it tracked rival oils elsewhere.