Archived News
13-08-2021
Palm oil slides almost 1% after sharp gains
Malaysian palm oil futures fell nearly 1% on Thursday, a day after lower stockpiles and tightening production pushed the contract to its biggest jump in 11 years.
13-08-2021
Palm oil may test resistance at 4,587 ringgit
Palm oil may test a resistance at 4,587 ringgit per tonne, a break above which could lead to a gain to 4,698 ringgit.
13-08-2021
US oil may rise towards $70.15-$70.77 range
US oil may break a resistance at $69.30 per barrel and rise towards a range of $70.15-$70.77
13-08-2021
Oil, ghee import on sugar-wheat pattern likely
The government is likely to import edible oil/ghee on the pattern of sugar and wheat aimed at facilitating supply to reduce prices in the local market, well-informed sources told Business Recorder.
13-08-2021
Sime Darby Plantation to complete WRO assessment by early 2022
The planter is facing several challenges in addressing ILO standards and compliance with RSPO standards and exercise
13-08-2021
India gets below-average monsoon rains for second straight week
Monsoon rains in India in the week through Wednesday were below average for the second straight week, the weather office said, raising concerns over production of summer-sown crops such as cotton, soybean, corn and rice.
13-08-2021
25 firms have licences suspended for profiteering in palm oil, cooking gas
The domestic trade and consumer affairs ministry has suspended the licences of 25 companies and withdrawn their subsidy quota for cooking oil and liquefied petroleum gas (LPG) after they were found to be profiteering.
13-08-2021
As UN sustainability deadline looms, Credit Suisse believes palm oil sector's best bet lies in transition support
Support in transitioning towards sustainability would be the best way forward for the palm oil industry, said Credit Suisse after determining that there is a lack of commercially available alternatives to progress as the UN sustainable development goals’ deadline of 2030 looms.
12-08-2021
Palm oil futures rally above RM4,500 - highest in two months
KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,500 per tonne for October benchmark contract -- the highest in two months, on lower July palm oil stocks.
12-08-2021
Weak supply, stocks data from Malaysia may push palm oil prices higher
Palm oil prices could rise in the near term after Malaysia's official July data showed a steep dip in inventories at end-July along with lower production even as most market participants expected stocks to rise marginally or stay flat.
12-08-2021
Crude palm oil price to remain higher on tight supply, say research firms
KUALA LUMPUR, Aug 12 ― Research firms believe the price of crude palm oil (CPO) would stay higher for quite some time given its tight supply situation which would likely remain at least until the third quarter of 2021.
12-08-2021
Palm oil may test resistance at 4,587 ringgit
SINGAPORE: Palm oil may test a resistance at 4,587 ringgit per tonne, a break above which could lead to a gain to 4,698 ringgit.