Archived News
14-04-2021
Palm tracks rival soya oil higher; but gains curbed by inventory, output rise
MALAYSIAN palm oil futures firmed on Tuesday, after three straight sessions of losses tracking rival soya oil higher, though higher-than-expected inventories and production weighed on sentiment and capped further gains.
13-04-2021
Challenging year for palm oil refiners
KUALA LUMPUR: Local palm oil refiners may be in for a tough year as the industry suffers from higher cost of crude palm oil (CPO) and stagnating yields.
13-04-2021
Govt to focus on selling palm oil to East and West Asian countries, says deputy minister
KLUANG (April 12): The government through the Ministry of Plantation Industries and Commodities will be focusing on selling Malaysian palm oil to East and West Asian countries following high demand from those areas.
13-04-2021
Malaysia end-March palm oil stocks rise more-than-expected to 1.45 mln T – MPOB
KUALA LUMPUR, April 12 - Malaysia's end-March palm oil stocks rose 10.7% from the previous month to 1.45 million tonnes, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Monday.
13-04-2021
CPO prices toppish as inventory levels rise
KUALA LUMPUR: Crude palm oil prices could have peaked as further upsides in crude palm oil (CPO) prices is expected to be capped by increases in inventory levels, says Kenanga Research. On the back of March inventory levels that outpaced expectations, the research house predicts further production growth in April as all regions continue their growth trajectory and exports to rise ahead of the Islamic festive season and potential stockpiling activities from China and India.
13-04-2021
HLIB Research: CPO prices to remain above RM3,500 per tonne in 2Q, trend down 'more noticeably' from 2H21
KUALA LUMPUR (April 12): While Hong Leong Investment Bank (HLIB) Research is expecting crude palm oil (CPO) prices to remain elevated at above RM3,500 per tonne in the second quarter of 2021 (2Q21), the research firm sees that CPO prices will trend down more noticeably from the second half of the year (2H21) onwards.
13-04-2021
Malaysia's CPO production to rise to 19.5 million tonnes in year ending September 2021 — US Department of Agriculture
KUALA LUMPUR (April 12): The US Department of Agriculture (USDA) expects Malaysian crude palm oil (CPO) production to rise 245,000 metric tons (MT) year-on-year to 19.5 million MT in the marketing year ending Sept 30, 2021 (MY2020/21).
13-04-2021
Palm oil may fall to 3,659 ringgit
SINGAPORE: Palm oil may break a support at 3,761 ringgit per tonne and fall to 3,659 ringgit, as it has completed a bounce from 3,495 ringgit.
13-04-2021
EU 2020/21 soybean imports at 11.50mn tonnes by April 11, rapeseed 5.32mn tonnes
PARIS: European Union soybean imports in the 2020/21 season that started last July had reached 11.50 million tonnes by April 11, data published by the European Commission showed on Monday.
13-04-2021
VEGOILS-Palm extends falls on soyoil weakness, higher output outlook
KUALA LUMPUR, April 12 - Malaysian palm oil futures fell on Monday for a third straight session, dragged down by weakness in rival soybean oil and expectations of higher production, ahead of March supply and demand data.
12-04-2021
Afghanistan can be 'Golden Gateway' for Malaysian palm oil to Central Asia
KUALA LUMPUR (April 10): Afghanistan can be the 'golden gateway' for Malaysian palm oil to be marketed in Central Asia such as Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan as well as other countries in the region.
12-04-2021
Malaysian palm oil firm Felda pursuing another takeover attempt of FGV: report
[KUALA LUMPUR] - Malaysia's state-owned palm oil company Felda will make another offer to buyout FGV Holdings Bhd, the Edge Weekly reported on Saturday, despite a failed takeover attempt last month.