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Malaysian palm oil futures extended losses for a second session on Monday, tracking declines in rival vegetable oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).

Malaysia's largest palm oil producing state Sabah will not impose a shutdown on plantations despite a rise in coronavirus infections in the sector, but urged estates to tighten its compliance of Covid-19 prevention measures.

The German confectionery industry has reaffirmed its position of supporting ethically monitored production methods across the value chain, including palm oil processing – which is now reportedly 94% certified from sustainable sources, writes Neill Barston

U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday's steep declines, analysts said.

Palm oil’s bull run will face more headwinds in the coming year as leading importer China buys increasing amounts of soybeans to power an aggressive expansion of the country’s hog industry.

The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market.

The ringgit opened slightly lower against the US dollar today on cautious demand for the local currency, an analyst said.

Malaysian palm oil futures fell for a second consecutive session on Monday, tracking losses in rival vegetable oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo technical correction this week with pessimistic exports outlook.

FIVE of FGV Holdings Bhd’s non-interested directors have advised shareholders to reject Federal Land Development Authority’s (Felda) RM1.30 a share cash offer as the offer price undervalues the planter.

The decoupling between share prices of plantation companies and crude palm oil (CPO) price, in analysts’ view, could be due to several reasons including investors’ concern on CPO sustaining at high level over the longer term, among others.

Red palm oil is produced from pulp of the fruit of the African oil palm (Elaeis guineensis). In its unprocessed state, the oil has an intense deep red colour because of its abundant carotene content.