Archived News

KUALA LUMPUR, Aug 24 - Malaysian palm oil futures fell more than 1% on Tuesday after two straight sessions of gains, weighed down by industry estimates of an increase in August production amid weak exports.

Soya bean prices extended their gains on Tuesday, but news about the possibility of lower US biofuel mandates for 2022 put a lid on prices.

CANBERRA — U.S. soybean futures edged lower on Wednesday, though losses were checked by global supply concerns as the condition of U.S. crops suffer from recent adverse weather.

KUALA LUMPUR (Aug 25): The revision of the Malaysian Sustainable Palm Oil (MSPO) certification that will include the latest sustainability requirements and practices solidifies Malaysia’s commitment to elevating the crop’s sustainability game and garner consumer confidence.

KUCHING (Aug 24): The Sarawak government has allocated RM60 million to help oil palm and pepper smallholders statewide to buy fertiliser for their crops, said Deputy Chief Minister Datuk Amar Douglas Uggah.

Faltering monsoon rains in India are posing a risk to domestic soybean and peanut crops, and may prompt the world’s biggest palm oil importer to boost purchases from top growers Indonesia and Malaysia.

Malaysian palm oil futures reversed early losses on Monday, tracking sharp gains in rival oils and crude futures, but expectations of a buildup in August stockpile capped gains.

SINGAPORE: Palm oil may drop to 4,125 ringgit per tonne and stabilise around this level thereafter.

Malaysian palm oil futures recouped most of their early losses on Monday, tracking gains in rival oils and as supply concerns fuelled by rising COVID-19 cases countered weak exports and lower Indian import duties on soyoil and sunflower oil.

KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Monday, heading for a fifth session of drop in six, as cheaper rival Dalian oils and weak exports weighed on the market.

India has cut base import taxes on crude and refined soyoil and 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.

FORT COLLINS, Colo., Aug 22 (Reuters) - Smaller-than-expected supplies forecast by the U.S. government earlier this month helped extend speculators’ buying streak across Chicago grains and oilseeds, but sinking prices since then have gone against those bets and the enthusiasm may be on the decline.