Archived News

Traders who increase the price of goods indiscriminately have been warned of facing stern action under the Price Control and Anti-Profiteering Act (AKHAP) 2011.

Countries get an early start on banning biofuel made from palm oil; in one case, the restrictions also include soybeans

Palm oil may test a support at 3,844 ringgit per tonne, a break below which could cause a fall to 3,761 ringgit.

After lower production and tight inventory fueled a 10-month rally in prices of palm, soy, rape and sunflower oils, industry watchers expected prices to cool by March -- seasonally the time when production of palm and soybean oils picks up.

CBOT May wheat is poised to break a resistance at $6.79-1/4 per bushel and rise to $6.93.

Brent oil may fall to $63.84, as it has cleared a support at $65.46 per barrel.

Malaysia’s crude palm oil (CPO) price stood at RM4,306.50 per tonne on April 21, surpassing the previous peak of RM4,270 per tonne recorded on April 9, 2021, the Malaysian Palm Oil Board (MPOB) said.

nvestors pricing in a larger downside risk to crude palm oil (CPO) prices, the impact of Indonesia’s high tax on refined palm oil, and environmental, social and corporate governance (ESG) concerns are the key factors keeping plantation companies' share prices from performing in tandem with the CPO price movement.

Malaysia recorded an FFB yield of 16.73 tonnes of oil per hectare last year compared with 17.19 tonnes and 17.89 tonnes in 2018 and 2017 respectively. The indicator peaked in 2017 before the current downward trend.

Shares of plantation companies fell today despite the price of crude palm oil (CPO) hitting a record high of RM4,399 per tonne.

Malaysian palm oil futures rose as much as 3% on Wednesday, closing at their highest in nearly two weeks on the back of strength in competing oils on the Dalian Commodity Exchange and the Chicago Board of Trade, and fears of a supply squeeze.

Palm oil looks neutral in a range of 3,761-3,844 ringgit per tonne, and an escape could suggest a direction.