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SINGAPORE: Palm oil may test a resistance at 4,405 ringgit per tonne, a break above which could lead to a gain into a range of 4,464-4,560 ringgit.

PETALING JAYA: Malaysia’s Producer Price Index (PPI) for local production increased 11.7% year-on-year (y-o-y) in July 2021, mainly supported by prices of primary commodities, namely, crude oil (64.4%), fresh fruit bunches (FFB) (57.3%) and crude palm oil (42.7%).

THE Covid-19 pandemic poses a global threat, disrupting lives and affecting economic growth.

KUALA LUMPUR (Aug 25): Exports of Malaysian palm oil products for Aug 1-25 fell 12.27% to 988,809 tonnes, from 1,127,146 tonnes shipped during July 1-25, according to independent inspection company AmSpec Agri Malaysia on Wednesday.

KUALA LUMPUR (Aug 25): TH Plantations Bhd’s net profit for the second quarter ended June 30, 2021 (2QFY21) surged 255.6% to RM26.57 million from RM8.16 million a year ago, as it recorded stronger revenue, amid higher average realised prices of crude palm oil (CPO), palm kernel (PK) and fresh fruit bunch (FFB), despite lower sales volume for both CPO and PK.

KUALA LUMPUR: Malaysian palm oil futures extended early gains on Wednesday, as the market shrugged off a plunge in August exports and focused on the outlook for tight supply in global edible oils due to hot weather in soybean producers South America and the US

SINGAPORE: Palm oil may test a resistance at 4,358 ringgit per tonne, a break above could lead to a gain into a range of 4,405 ringgit to 4,464 ringgit.

The Oil Palm Development Association of Ghana (OPDAG), representing the entire palm oil value chain actors in Ghana, has appealed to the government to exempt palm oil from the implementation of the 50 per cent benchmark value Policy.

India has cut base import taxes on crude soyoil and crude sunflower oil to 7.5% from 15% for six weeks, a government order showed, as the world’s biggest vegetable oil buyer tries to cool near record high prices.

KUALA LUMPUR (Aug 25): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded to end higher today, taking cue from overnight gains in Chicago Board of Trade (CBOT) soybean oil and ongoing concerns over lower-than-expected output, a dealer said.

KUALA LUMPUR, Aug 25 (Reuters) - Malaysian palm oil futures ticked up on Wednesday, tracking stronger Dalian oils and rival soyoil, but a drop in August exports and estimates of better output capped gains.

IOI Corp Bhd posted a 50.8% year-on-year (YoY) increase in its net profit to RM359.4 million for the fourth quarter ended June 30, 2021 (4Q21), mainly driven by higher palm oil prices.