Archived News

Wilmar International Ltd.’s Ugandan unit is establishing the East African country’s second palm oil project, which is expected to double national output to as much as 80,000 tons.

KUALA LUMPUR, March 3 - Malaysian palm oil futures fell on Wednesday for a fourth straight session, pressured by expectations of higher stockpile for end-February as exports dropped over the month.

WHY are plantation stocks not on the radar of investors even though crude palm oil (CPO) prices have gained as much as 18% from RM3,070 per tonne on Nov 3 last year to RM3,632 per tonne last Wednesday?

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Wednesday, snapping a three-day decline tracking rival soyoil, but prices were weighed by expectations of higher stockpiles for end-February after a decline in exports.

The USDA’s Foreign Ag Service has lowered their outlook for Argentina’s soybean crop. The FAS has production at 47.5 million tons, a half a million less than the official February guess, as dry weather for much of January and February in some key growing areas canceled out improved rainfall in other parts of Argentina.

Golden Agri-Resources (GAR) has registered a 15% decline in its net profit for FY2020 to US$230m, the company said in a bourse filing.

KUALA LUMPUR (March 2): Edible oils are becoming an important food source with more than 202 million tonnes consumed from 238 million tonnes produced in 2019.

KUALA LUMPUR, March 2 - Malaysian palm oil futures declined for a third straight session on Tuesday, slipping to a one-week low on weaker soyoil prices and as cargo surveyors said exports in February witnessed a decline.

SINGAPORE: Palm oil may fall into a range of 3,466 ringgit to 3,545 ringgit per tonne, as it could have completed a rally from the Jan. 20 low of 3,160 ringgit.

KUALA LUMPUR, March 2 (Reuters) - Malaysian palm oil futures fell over 1% for a third straight session on Tuesday, slipping to a one-week low on expectations that inventories would rise due to a drop in exports and rising output.

WASHINGTON — Soybeans continued to be crushed for meal and oil in the United States at a record pace that, along with recent strong export demand, especially from China, raised concerns about rapidly diminishing soybean stocks this summer ahead of the 2021 harvest.

Close to 30,000 mt of soyoil traded in Argentina’s Up River hub on Tuesday after a fall in prices tempted Indian importers to switch away from Black Sea sunoil and pick up Argentine supply in one of the market’s busiest trading days for months.