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Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings’ earlier expectations, due mainly to a slower-than-expected recovery in yields.

Fitch Ratings-Singapore/Jakarta-27 October 2020: Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings' earlier expectations, due mainly to a slower-than-expected recovery in yields. This should result in higher EBITDA and lower leverage for rated companies. We now assume benchmark CPO prices to average around USD600/tonne(t) in 2020 (2019: USD514/t), compared with our earlier forecast of USD520/t.

KUALA LUMPUR (Oct 27): Malaysia's crude palm oil (CPO) prices have shown a significant uptrend at above the RM3,000 per tonne level, the highest level in 2020, driven by high global demand from major buyers including India and China.

AFTER at least three years of speculation, Tan Sri Syed Mokhtar Albukhary has finally made his move on FGV Holdings Bhd.

PETALING JAYA: Palm oil prices are expected to remain relatively elevated in the coming months, before averaging slightly lower than current prices over the rest of the year, according to Fitch Solutions.

Chinese biodiesel exports hit an all-time high of 119,000t in September, narrowly beating the previous record of 113,000t set in April, according to Global Trade Tracker.

Kernel, one of the largest Ukrainian agrarian groups, in the first quarter of 2021 fiscal year (FY), which began in July 2020, reduced sales of sunflower oil by 2% compared to the same period last FY, to 296,240 tonnes.

KUALA LUMPUR (Oct 26): A group of researchers at the Malaysian Palm Oil Board (MPOB) has successfully formulated margarine with palm oil-based structural fats suitable for refrigeration and non-refrigeration.

SINGAPORE, Oct 26 - Malaysian palm oil futures jumped 1.8% on Monday to one-and-a-half-week high, tracking gains in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade.

On Monday, the CME Group’s farm markets close mostly lower. At the close, the Dec. corn futures finished 1½¢ lower at $4.17½. March corn futures ended 1¾¢ lower at $4.18½.

KUALA LUMPUR (Oct 27): Fitch Solutions has revised up its 2020 palm oil price forecast to RM2,580 per tonne, from RM2,450 previously, as global palm oil production decreased and palm oil import demand from India and China recovered strongly.

SINGAPORE, Oct 27 - Malaysian palm oil futures fell on Tuesday as traders booked profits after prices hit a one-month high in the previous session, although losses were limited by more expensive rival oils elsewhere.