Archived News

SINGAPORE: Malaysian palm oil futures ended largely unchanged on Wednesday, with the market torn between concerns over world vegetable oil supplies and demand destruction amid rising coronavirus cases in key importers.

KUALA LUMPUR, May 4 (Reuters) - Malaysian palm oil futures slipped on Tuesday, trimming some of the previous session's gains, due to weakness in rival soyoil and demand concerns as COVID-19 cases surge globally.

India on Tuesday began experimenting with doping diesel with a small portion of biodiesel extracted from leftover cooking oil in kitchens to cut reliance on imports as well as reducing carbon emissions.

On Tuesday, the CME Group's farm markets close double-digits higher. At the close, the July corn futures settled 17 1/4¢ higher at $6.96 3/4. New crop September futures settled 18 1/2¢ higher at $6.10. December corn futures closed 17 1/2¢ higher at $5.80 1/4.

JAKARTA, May 4 (Reuters) - Indonesia's palm oil output is expected to jump 7.1% to 55.69 million tonnes in 2021, on a forecast for more conducive weather conditions, a researcher at the state-owned Indonesia Oil Palm Research Institute (IOPRI) said on Tuesday.

KUALA LUMPUR (May 4): Plantation counters on Bursa Malaysia demonstrated greater interest from investors this morning after crude palm oil (CPO) prices rallied even further.

KUALA LUMPUR: Malaysian palm oil futures ended lower on Tuesday after a volatile day of trade, trimming some of the previous session’s gains, on forecast for higher Indonesian output this year and demand concerns due to a surge in COVID-19 cases globally.

The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 71 ringgit, or 1.75%, to 3,990 ringgit ($971.75) a tonne in early trade, after rising 5% on Monday.

KUALA LUMPUR, May 5 (Reuters) - Malaysia's palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed on Wednesday.

KUALA LUMPUR: Malaysian palm oil futures logged their highest daily gain in 11 months, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.

SINGAPORE: Palm oil may stabilise around a support at 3,855 ringgit per tonne, and rise into a range of 3,967-4,010 ringgit.

KUALA LUMPUR, May 3 (Reuters) - Malaysian palm oil futures logged their highest daily gain in 11 months, buoyed by stronger April exports and a rally in rival soyoil amid worries about global edible oils supply.