Archived News

Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed mostly higher, amid concerns over higher production and higher exports moving forward, a dealer said.

Belgium will ban biofuels made from soy and palm oil from 2022 onward as part of its effort to combat deforestation, said the European nation’s Federal Minister of Environment and Climate Zakia Khattabi on Tuesday.

MALAYSIA’S palm oil inventories are expected to show further improvement after rising to their highest level in four months as production rallied the most since 2015.

KUALA LUMPUR: Malaysian palm oil futures climbed 2% on Tuesday, snapping a three-day decline, as stronger rival soyaoil and crude outweighed bearish Malaysian Palm Oil Board data.

PUTRAJAYA – The government is still maintaining a subsidised cooking oil quota of 60,000 tonnes per month despite the increase in the price of refined, bleached and deodorised (RBD) palm oil, says Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Seri Alexander Nanta Linggi (picture).

SINGAPORE: Palm oil may test a support at 3,597 ringgit per tonne, a break below which could cause a fall to 3,544 ringgit.

The US Department of Agriculture’s Kuala Lumpur bureau issued it first estimates for palm oil output in the world’s second largest producing country for the 2021-22 season.

Retail prices of edible oils and pulses are the major contributors to increase in retail inflation since March last year.On Monday, National Statistical Office (NSO) reported that retail inflation based on Consumer Price Index rose 5.52 per cent year-on-year in March to 156.8 points.

New Delhi — Malaysia's key palm oil numbers for March indicated a partial recovery in the industry, but the positive supply data is not expected to diminish a near-term bullish outlook for the markets amid growing concerns around low ending stocks, sources told S&P Global Platts.

American agribusiness Cargill is preparing to start a $25 million expansion project at its soybean crush plant near Fayetteville, NC, local economic development officials announced in a release Monday.

Brazil last week announced it will lower the percentage of vegetable oil blended into petroleum diesel.

RHB Group Research analysts Hoe Lee Leng and Christopher Andre Benas are maintaining their ‘neutral’ rating for the plantation sector as they believe crude palm oil (CPO) prices may potentially decline following improving CPO output in the future.