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"Local CPO is expected to trade within the range of RM3,600 to RM3,800 next week with a downward bias, as rising production anticipation continues to weigh on the prices,” palm oil trader David Ng told Bernama.

Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with CPO production reaching 19.6 metric tonnes (MT) in 2021, compared with 19.14 MT last year, the Malaysian Palm Oil Council (MPOC) said.

FITCH Ratings Inc revised the outlook on Sime Darby Plantation Bhd (SDP) to “Stable” from “Negative” and affirmed the long-term foreign-currency issuer default rating (IDR) at “BBB”.

Malaysian palm oil futures opened more than 2% higher on Thursday, tracking gains in rival oils on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange.

• This bullish candlestick followed another one on March 29. Together, they are considered as a trend reversal signal.

FGV Holdings Bhd has appointed Datuk Dzulkifli Abd Wahab as its chairman effective from today.

Ever expanding markets for fuel made from vegetable oil could put pressure on producers to expand palm oil production in Southern Asia and result in significant environmental repercussions. It’s one example of the potential side-effects of overuse of biofuel. | Reuters

One of the final acts of the Trump administration was almost certainly one of the most confounding for Alessandro Bazzoni, a restaurant owner in Verona, Italy.

Estimates by the US Department of Agriculture (USDA) for corn and soybean plantings on Wednesday missed analyst expectations, sending futures prices for both commodities up sharply

The US corn acreage for the 2021-22 marketing year (September-August) has been estimated at 91.1 million acres, while soybean acreage in the country for 2021-22 is seen at 87.6 million acres, the US Department of Agriculture said March 31 in its Prospective Plantings report.

The prices of edible oil are rising steadily since last month and have hit the consumers. Considering the previous few months, the cost of all edible oils has gone up by Rs 40 to Rs 60 per kg, and large imports of edible oil are being made from abroad.

KUALA LUMPUR (March 31): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s losses to end higher on Wednesday, propelled by a solid rise in palm oil exports for March 2021 and stronger soybean oil performance on the US Chicago Board of Trade (CBOT).