Archived News
15-02-2021
CPO inventory up 4.8pc to 1.33mil tonnes
KUALA LUMPUR: Malaysia's crude palm oil (CPO) inventory rose 4.8 per cent month-on-month (m-o-m) to 1.33 million tonnes in January, more or less within consensus' estimate of 1.29 million tonnes, with significantly lower-than-expected exports.
15-02-2021
VEGOILS-Palm reverses losses, up 2% on crude oil jump
SINGAPORE, Feb 15 (Reuters) - Malaysian palm oil futures climbed 2% on Monday, bouncing back from the last session's losses, as a spike in crude oil prices made the vegetable oil a more attractive feedstock option for biodiesel.
15-02-2021
E20 plan put on hold due to higher biofuel prices
A plan to make gasohol E20 the primary fuel for motorists in July has been postponed indefinitely because of higher biofuel prices, creating a financial burden for the Oil Fuel Fund.
15-02-2021
Egypt gets offers in soyaoil, sunflower oil
HAMBURG: The lowest offer in an international tender on Thursday from Egypt's state agency GASC to purchase at least 30,000 tonnes of soyaoil was said to be $1,072 a tonne c&f on immediate payment terms, traders said in initial assessments.
11-02-2021
Palm oil export earnings in 2020 highest in 4 years
MALAYSIA’S export earnings from palm oil and palm oil products amounted to RM72.8 billion last year, the highest since 2017, said Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.
11-02-2021
Strong palm oil exports push CPO futures higher at close
KUALA LUMPUR (Feb 10): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today on the back of stronger exports, a trader said.
11-02-2021
Indonesian Palm Oil Goods Exports Up 13.6% to US$22.97bn in 2020
TEMPO.CO, Jakarta - Indonesia's exports of palm products managed to increase amid the pandemic Covid-19. Last year, the export value reached US$22.97 billion or around Rp321.5 trillion.
11-02-2021
Malaysia end-Jan palm oil stocks rise to 1.32 mln tonnes - MPOB
KUALA LUMPUR, Feb 10 - Malaysia's palm oil stocks at the end of January rose 4.68% from previous month to 1.32 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) data showed on Wednesday.
11-02-2021
VEGOILS-Palm oil snaps 4-day rally as USDA reports upbeat soybean stock estimates
KUALA LUMPUR, Feb 10 - Malaysian palm oil futures snapped a four-day rally on Wednesday, as the U.S. Department of Agriculture (USDA) reported higher than expected soybean stocks estimates, but hopes of higher exports during Feb. 1-10 limited losses.
11-02-2021
MPOB develops palm-based extruded snack
KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) researchers have produced red palm-based extruded snack formulation, which is more nutritious as well as free from synthetic colourant and animal fats.
11-02-2021
Zeelandia sets target of 100% sustainable palm oil
The target was set out in a recent case study published by the World Wide Fund (WWF) for Nature.
11-02-2021
Palm oil may retreat to 3,503 ringgit
SINGAPORE: Palm oil may retreat to 3,503 ringgit per tonne, as it faces a strong resistance at 3,584 ringgit.