Archived News

IOI Corporation Bhd is expected to post much stronger results in the fourth quarter ending June 30,2021 (4Q21), underpinned by higher palm oil prices and production, TA Securities Research says.

President of the Artisanal Palm Oil Millers and Out-growers Association of Ghana, Paul Kwabena-Amaning has called on government to commercialize the production of oil palm to boost Ghana's economy.

Malaysia plans to launch a new palm oil futures contract in the third quarter, allowing traders in the nation's two largest palm producing states greater price discovery and a viable option for physical delivery.

Amid concerns over up to 62 percent spike in domestic edible oil prices, Food Secretary Sudhanshu Pandey on Monday discussed in detail the reasons for the "abnormal rise" in local prices, and asked the states and industry stakeholders to take measures to soften the prices.

While the EU is by far the largest market for Bangladesh, our exports would only represent a fraction of the products in the EU market—remember also that the EU no longer includes the United Kingdom because of Brexit. The UK was previously one of Bangladesh's largest markets in the EU, particularly for clothing.

KUALA LUMPUR: The value of Malaysia’s palm oil exports increased by 26.9% to RM17.12 billion for the period January-April compared to RM13.49 billion in the same period in 2020.

KUALA LUMPUR (May 21): Plantation giant IOI Corp Bhd expects crude palm oil (CPO) price to stay strong for at least the next few months, despite the upcoming high production season.

KUALA LUMPUR (May 21): China’s palm oil demand is expected to remain flat in 2021.

Palm oil headed for its biggest weekly drop in two months as soy markets continued to slump and investors fretted that a resurgence in coronavirus infections in several countries will dampen demand

Buying interest for palm oil has seen a reduction in Asia markets during the week ending May 21 as traders go into wait-and-watch mode ahead of potential cuts to the $255/mt export levy that Indonesia charges to subsidize its national bio-diesel program, multiple sources told S&P Global Platts.

Crude palm oil futures edged lower to 1,206.20 per 10 kg as participants trimmed their position as seen by the open interest. Malaysian palm oil futures corrected 2.89 percent to settle at 3,993 Ringgits on Bursa Malaysia Bhd.

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and logged an 11% weekly drop, its sharpest in a year, hit by weakening demand and lockdown concerns and estimates of higher production.