Archived News
22-04-2021
CPO downside risk, Indonesian tax impact, ESG fears pull plantation stocks down despite high palm oil prices — RHB Research
nvestors pricing in a larger downside risk to crude palm oil (CPO) prices, the impact of Indonesia’s high tax on refined palm oil, and environmental, social and corporate governance (ESG) concerns are the key factors keeping plantation companies' share prices from performing in tandem with the CPO price movement.
22-04-2021
Malaysia’s palm oil yield to continue declining on labour shortage
Malaysia recorded an FFB yield of 16.73 tonnes of oil per hectare last year compared with 17.19 tonnes and 17.89 tonnes in 2018 and 2017 respectively. The indicator peaked in 2017 before the current downward trend.
22-04-2021
Plantation shares fall despite CPO price hitting record high
Shares of plantation companies fell today despite the price of crude palm oil (CPO) hitting a record high of RM4,399 per tonne.
22-04-2021
Palm closes at near two-week peak on tight global edible oil supplies
Malaysian palm oil futures rose as much as 3% on Wednesday, closing at their highest in nearly two weeks on the back of strength in competing oils on the Dalian Commodity Exchange and the Chicago Board of Trade, and fears of a supply squeeze.
22-04-2021
Palm oil neutral in 3,761-3,844 ringgit range
Palm oil looks neutral in a range of 3,761-3,844 ringgit per tonne, and an escape could suggest a direction.
22-04-2021
SPPOMA data, stronger soybean price push CPO to close higher
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward momentum to end higher today driven by lower April output from the Southern Peninsula Palm Oil Millers' Association (SPPOMA).
22-04-2021
How Indonesia plans to benefit from EFTA trade deal
The Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) was approved by the House on April 9 and has been called Indonesia’s doorway to the wider European market
22-04-2021
World Bank hikes price forecast for vegetable oils on supply shortfall
Global vegetable oils and meals prices are expected to rise sharply in 2021, before stabilizing in 2022 due to supply shortfalls and stronger-than-expected consumption patterns, the World Bank said in its semi-annual commodity markets outlook report
21-04-2021
Palm oil climbs 2pc
Malaysian palm oil futures jumped more than 2% on Tuesday, boosted by stronger crude and competing soyaoil prices amid reports of higher April 1-20 exports.
21-04-2021
China’s soyabean imports from US surge in March, Brazilian imports slide
China’s March soyabean imports from Brazil plunged as rain delayed some shipments from the world’s top exporter, but US bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016.
21-04-2021
Palm recoups losses on higher exports, India demand concerns weigh
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was up 2 ringgit, or 0.05%, at 3,712 ringgit ($902.28) a tonne by the midday break, recovering from a 0.8% drop earlier in the session.
21-04-2021
Malaysia to explore other commodities
MALAYSIA can export other commodities to countries that have imposed bans on the usage of palm oil, Plantation Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali said.