Archived News

01/08/2024 (Business Recorder), Jakarta - Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange lost 6 ringgit, or 0.15%, to 3,909 ringgit ($851.26) a metric ton at closing. The contract is down 0.18% for the month.

01/08/2024 (People Daily) - Manufacturers of vegetable oil now want the government to remove the 10 per cent duty on crude palm oil.

01/08/2024 (Bar Chart) - Soybeans are feeling some pressure this morning as front months are down 4 to 6 cents at midday. September Soymeal futures are up $1.90/ton so far on the session. Soy Oil futures were are facing weakness, with September down 90 points.

31/07/2024 (Reuters), Jakarta - Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price

31/07/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower due to concern over rising output in the coming weeks, a dealer said.

31/07/2024 (Bernama), Kuala Lumpur - Malaysia should conduct a comprehensive economic study on sustainability criteria, commercial availability, and technology readiness of multiple potential technology pathways to boost the production of sustainable aviation fuel (SAF), said experts.

31/07/2024 (Financial Express) - The revenue of domestic edible palm oil refiners is predicted to increase by around 10 per cent this fiscal year due to consistent demand and greater realisations, as per a report by CRISIL. It further highlights that the operating profitability is expected to increase by 40-50 basis points (bps) to around 3.5 per cent due to favourable prices and continued duty-free imports.

31/07/2024 (Successful Farming) - Soybeans close in the green while wheat is mixed.

31/07/2024 (Oils & Fats International) - China should introduce mandatory standards for edible oil transport to reduce rising food safety concerns among consumers, according to experts quoted in a China Daily report.

30/07/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Tuesday, supported by a stronger palm oil contract on the Dalian Commodity Exchange, and the Chicago soyoil.

30/07/2024 (The Edge Malaysia), Kuala Lumpur - Indonesia’s palm oil supply is expected to remain tight and that may augur well for Malaysia, say industry experts.

31/07/2024 (The Star), Beijing - China’s trade tensions with the European Union (EU), which have been fuelled by a string of tariff increases and protectionist actions by Brussels against Chinese enterprises, could intensify further as the bloc is set to levy provisional duties of up to 36.4% on biodiesel imports from the nation.