Archived News

Retail prices of edible oils and pulses are the major contributors to increase in retail inflation since March last year.On Monday, National Statistical Office (NSO) reported that retail inflation based on Consumer Price Index rose 5.52 per cent year-on-year in March to 156.8 points.

New Delhi — Malaysia's key palm oil numbers for March indicated a partial recovery in the industry, but the positive supply data is not expected to diminish a near-term bullish outlook for the markets amid growing concerns around low ending stocks, sources told S&P Global Platts.

American agribusiness Cargill is preparing to start a $25 million expansion project at its soybean crush plant near Fayetteville, NC, local economic development officials announced in a release Monday.

Brazil last week announced it will lower the percentage of vegetable oil blended into petroleum diesel.

RHB Group Research analysts Hoe Lee Leng and Christopher Andre Benas are maintaining their ‘neutral’ rating for the plantation sector as they believe crude palm oil (CPO) prices may potentially decline following improving CPO output in the future.

MALAYSIAN palm oil futures firmed on Tuesday, after three straight sessions of losses tracking rival soya oil higher, though higher-than-expected inventories and production weighed on sentiment and capped further gains.

KUALA LUMPUR: Local palm oil refiners may be in for a tough year as the industry suffers from higher cost of crude palm oil (CPO) and stagnating yields.

KLUANG (April 12): The government through the Ministry of Plantation Industries and Commodities will be focusing on selling Malaysian palm oil to East and West Asian countries following high demand from those areas.

KUALA LUMPUR, April 12 - Malaysia's end-March palm oil stocks rose 10.7% from the previous month to 1.45 million tonnes, data from industry regulator Malaysian Palm Oil Board (MPOB) showed on Monday.

KUALA LUMPUR: Crude palm oil prices could have peaked as further upsides in crude palm oil (CPO) prices is expected to be capped by increases in inventory levels, says Kenanga Research. On the back of March inventory levels that outpaced expectations, the research house predicts further production growth in April as all regions continue their growth trajectory and exports to rise ahead of the Islamic festive season and potential stockpiling activities from China and India.

KUALA LUMPUR (April 12): While Hong Leong Investment Bank (HLIB) Research is expecting crude palm oil (CPO) prices to remain elevated at above RM3,500 per tonne in the second quarter of 2021 (2Q21), the research firm sees that CPO prices will trend down more noticeably from the second half of the year (2H21) onwards.

KUALA LUMPUR (April 12): The US Department of Agriculture (USDA) expects Malaysian crude palm oil (CPO) production to rise 245,000 metric tons (MT) year-on-year to 19.5 million MT in the marketing year ending Sept 30, 2021 (MY2020/21).