Archived News

SINGAPORE: Palm oil may test a resistance at 3,856 ringgit per tonne, driven by a wave C.

KUALA LUMPUR (Jan 5): Total Malaysian palm oil production is expected to increase slightly by 200,000 tonnes to 19.6 million tonnes in 2021, versus 19.4 million tonnes a year ago, according to the Malaysian Palm Oil Council (MPOC).

Malaysian palm oil stockpiles are expected to remain low in 2021 because of strong demand from China and a lower Indian import duty amid sluggish output gains, the Malaysian Palm Oil Council (MPOC) said on Tuesday. “The market outlook for Malaysian palm oil in 2021 looks bright despite the pandemic,” Kalyana Sundram, MPOC chief executive told a virtual conference.

KUALA LUMPUR, Jan 5 — The palm oil industry is encouraged to come forward for early consultation following new European Union (EU) or United Kingdom (UK) regulatory initiatives on sustainability to minimise the impact of products placed on the EU market.

MALAYSIA is likely to see 500,000 tonnes of supply deficit in crude palm oil (CPO) production year-on-year, with the country expected to produce 19.6 million tonnes of the vegetable oil in total this year.

KUALA LUMPUR (Jan 5): While smallholder farmers make up 40% of the global palm oil output, they only account for 8.8% of certified sustainable palm oil production (CSPO).

KUALA LUMPUR, Jan 5: The Malaysian government and palm oil industry players will continue to work hand-in-hand to guarantee that palm oil is sustainably produced and recognised as such around the globe, said the Malaysian Palm Oil Council (MPOC) chairman Datuk Osman Sapian.

Jan 5 - Malaysian Palm Oil Council CEO Kalyana Sundram told a virtual palm oil conference on Tuesday:

KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Tuesday, climbing to 10-year highs, as survey showed December stockpiles tumbling to their lowest in over a decade.

KUALA LUMPUR (Jan 5): Crude palm oil (CPO) prices are expected to remain above RM3,000 per tonne in the first quarter (1Q) of this year, propped up by limited supply of major edible oils, low inventory levels in the larger edible oil consuming countries and the La Nina phenomenon, which has slowed soybean planting in Brazil and reduced yield in the US, said HLIB Research.

SINGAPORE: Palm oil still targets 3,757 ringgit per tonne, as suggested by its wave pattern and a projection analysis.

New Delhi — Brazil's soybean crush volumes are expected to remain elevated in 2021 on high demand, while the outlook for Argentina's crushing industry is precarious as Buenos Aires grapples with recession and more than $323 billion of mounting debt. Brazilian crushers' sales soared for most of 2020 due to high domestic and export demand, while Argentina's crushers grappled with labor strikes, high taxes, negative margins, tight raw beans supply and logistical bottlenecks, analysts said, predicting similar trends for the two nations in 2021.