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KUALA LUMPUR: The value of Malaysia’s palm oil exports increased by 26.9% to RM17.12 billion for the period January-April compared to RM13.49 billion in the same period in 2020.

KUALA LUMPUR (May 21): Plantation giant IOI Corp Bhd expects crude palm oil (CPO) price to stay strong for at least the next few months, despite the upcoming high production season.

KUALA LUMPUR (May 21): China’s palm oil demand is expected to remain flat in 2021.

Palm oil headed for its biggest weekly drop in two months as soy markets continued to slump and investors fretted that a resurgence in coronavirus infections in several countries will dampen demand

Buying interest for palm oil has seen a reduction in Asia markets during the week ending May 21 as traders go into wait-and-watch mode ahead of potential cuts to the $255/mt export levy that Indonesia charges to subsidize its national bio-diesel program, multiple sources told S&P Global Platts.

Crude palm oil futures edged lower to 1,206.20 per 10 kg as participants trimmed their position as seen by the open interest. Malaysian palm oil futures corrected 2.89 percent to settle at 3,993 Ringgits on Bursa Malaysia Bhd.

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and logged an 11% weekly drop, its sharpest in a year, hit by weakening demand and lockdown concerns and estimates of higher production.

KUALA LUMPUR, May 21 - Malaysian palm oil futures were on course for a 10% weekly drop, their biggest in two months, as they fell for a third straight session on Friday, tracking a sell-off in rival edible oils.

Edible oil manufacturers have reinstated a hike of around 2 per cent to take the price per litre to Tk 144, making availing daily essentials even more difficult for pandemic-hit people.

SINGAPORE: Palm oil may fall more into a range of 3,955-4,021 ringgit per tonne, as suggested by the current strong momentum.

Soybean oil, the most-consumed cooking oil, has witnessed a fresh price hike in the past week, a major blow to already battered consumers amid coronavirus pandemic.

Malaysian palm oil futures slumped more than 4% to a two-week low on Thursday as rival soyaoil fell, while demand concerns weighed and record-high coronavirus infections in the country stoked fears of stricter lockdowns.