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Malaysia’s trade surplus surged 151.6 per cent year-on-year (y-o-y) to MYR16.82 billion last month, the highest surplus ever recorded for November.

It was recently reported in the newspapers that Nigeria spends five hundred million dollars annually importing palm oil into the country

Malaysian palm oil futures slipped for a second consecutive session on Tuesday, tracking a fall in rival soyoil ahead of talks between Argentina's striking workers and soy byproduct manufacturers that seek to resume normal port operations

The palm oil imports during July-November (2020-21) were recorded at $876.016 million against the imports of $676.977 million during July-November (2019-20), showing increase of 29.40 percent, according to latest data of Pakistan Bureau of Statistics (PBS).

Officials want E20, a mix of 20% ethanol and 80% unleaded gasoline 95, to gradually replace gasohol 91, making gasohol 95 an alternative fuel for drivers, said department chief Nantika Thangsuphanich.

Malaysian palm oil futures reversed early losses on Tuesday, inching up on stronger crude, but gains were capped by weaker rival soyoil ahead of talks between Argentina's striking workers and soy byproduct manufacturers that could resume supply

As global demand for edible oil keeps growing, palm oil has enjoyed unprecedented growth both in consumption and production. Used in everything from chocolate to ice-cream, lipstick to shampoo, palm oil is now the most consumed vegetable oil in the world.

Malaysian benchmark crude palm oil (CPO) spot prices touched USD900/tonne (t) in December 2020 for the first time since 2012 and averaged at around USD810/t in 4Q20 to date.

Palm oil retreated from an eight-year high on concerns that shipments from second-biggest grower Malaysia may dwindle next month amid weaker Chinese demand.

Traders believe the recent move by China’s Dalian Commodity Exchange (DCE) to open its palm oil futures contract to international investors should provide a certain degree of competition, but it will not impact Bursa Malaysia Derivatives Bhd (BMD) in the short term.

SINGAPORE/KUALA LUMPUR- Malaysian palm oil futures ended their three-session winning streak tracking weaker Dalian oils, but stronger December palm oil exports and low output concerns limited losses. The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange ended down 28 ringgit, or 0.78%, at 3,541 ringgit ($874.86) a tonne.

KUALA LUMPUR: Malaysia's exports increased 4.3 per cent to RM84.43 billion in November compared to the same month last year, registering three consecutive months of year-on-year (Y-o-Y) growth.