Archived News

SINGAPORE: Palm oil may break a support at 3,761 ringgit per tonne and fall to 3,659 ringgit, as it has completed a bounce from 3,495 ringgit.

PARIS: European Union soybean imports in the 2020/21 season that started last July had reached 11.50 million tonnes by April 11, data published by the European Commission showed on Monday.

KUALA LUMPUR, April 12 - Malaysian palm oil futures fell on Monday for a third straight session, dragged down by weakness in rival soybean oil and expectations of higher production, ahead of March supply and demand data.

KUALA LUMPUR (April 10): Afghanistan can be the 'golden gateway' for Malaysian palm oil to be marketed in Central Asia such as Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan as well as other countries in the region.

[KUALA LUMPUR] - Malaysia's state-owned palm oil company Felda will make another offer to buyout FGV Holdings Bhd, the Edge Weekly reported on Saturday, despite a failed takeover attempt last month.

Crude palm oil futures traded steady at Rs 1,140 per 10 kg on April 9 as participants reduced their position as seen by the open interest. Malaysian palm oil futures slipped 1.47 percent to settle at 3,550 Ringgits on Bursa Malaysia Bhd.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives may see volatile trading next week, ahead of the release of production, stocks and exports data.

LETTERS: Last week, European Union (EU) Ambassador to Indonesia and Brunei, Vincent Piket presented at the INAPalm Talkshow.

KUALA LUMPUR: Malaysian palm oil futures reversed early gains to end lower on Friday, but posted a second straight weekly gain on expectations of tight global supply and strong demand as China, the world’s second-largest importer, increased its purchases. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange closed down 23 ringgit, or 0.61%, at 3,768 ringgit ($911.69) a tonne, after rising as much as 2% during the session.

SINGAPORE: Palm oil may test a support at 3,761 ringgit per tonne, a break below which could cause a fall to 3,659 ringgit.

THE Ministry of Plantation Industries and Commodities (MPIC) and Sabah state government have agreed to jointly develop and empower the state’s agri-commodity industry, in particular, the upstream sector involving bamboo, cocoa, rubber and palm.