Archived News

The palm oil price outlook and its challenges in 2021-2022 will take centre stage at the two-day virtual Palm and Lauric Oils Price Outlook Conference and Exhibition (POC) 2021 starting on March 23.

Vegetable oil imports are likely to be around 13.75 million tonnes (mt) during the current oil year (November 2020 to October 2021) against 13.64 mt in the previous oil year, according to Sudhakar Desai, President of Indian Vegetable Oil Producers’ Association (IVPA) and CEO of Emami Agrotech Ltd.

Malaysian palm oil futures climbed 3% on Monday, snapping a two-day decline, as an uptick in exports during March 1-20 stoked hopes for improving demand.

KUALA LUMPUR (March 19): The government is committed to legal action against the European Union (EU) over the EU’s anti-palm oil stance to protect the interests of Malaysia's palm oil industry, including the smallholders.

March 19 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Jakarta:

KUALA LUMPUR: Malaysian palm oil futures fell to a two-week low on Friday and were set for a near 10% weekly decline, as expectations of increasing palm and rival soybean supplies weighed on prices. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.9%, to 3,727 ringgit ($905.93) a tonne by the midday break, its lowest since March 5.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week as expectations of gains from exports will sustain the positive sentiment in the market.

Regulating the cultivation, pricing and quality of palm oil was a crucial intervention to ensure the sustainability of the oil palm sector in Ghana.

Nepal produces little soybean oil, but it is the country’s largest export with shipments worth billions annually.

CRUDE palm oil (CPO) futures may have reached their highest level in 13 years of RM4,122 per tonne last Wednesday, but for Malaysian palm oil players, there is not much to rejoice about as the industry finds itself in a predicament.

THE peak in crude palm oil (CPO) price is likely to taper off in the second quarter if the industry factors in rising production and inventory levels, said CGS-CIMB Securities Sdn Bhd plantation analyst Nagulan Ravi.

KUALA LUMPUR (March 18): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, mainly due to the prospects of higher production in the coming weeks.