Archived News

KUALA LUMPUR: Malaysian palm oil futures ended at a more than 8-year high on Monday, gaining for the third straight session, on hopes of improving exports and stronger rival oil prices. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed up 42 ringgit, or 1.23%, to 3,452 ringgit ($851.50) a tonne, marking its highest closing since May 2, 2012.

RAUB, Dec 12 — The government is expected to earn palm oil windfall profit levy of more than RM500 million in 2021 if the price of crude palm oil (CPO) remains stable at RM3,000 per tonne until next year.

KUALA LUMPUR (Dec 11): Some Malaysian palm oil plantations are discouraging foreign workers from going home at the end of their contracts and are asking them to keep working as the novel coronavirus exacerbates a chronic labour shortage, rights groups said.

SINGAPORE: Palm oil may retest a resistance at 3,474 ringgit per tonne, a break above could lead to a gain into 3,504-3,552 ringgit range.

KUALA LUMPUR, Dec 11 - Malaysian palm oil futures rose for a second straight session on Friday on the back of higher prices of rival oilseeds and crude, although the contract was set for a weekly loss as exports slowed.

KOTA KINABALU: Sabah should continue to implement good environment policies and initiatives such as the Sabah Biodiversity Strategy and the Jurisdictional Certification of palm oil to Roundtable on Sustainable Palm Oil (RSPO) standards for the well-being of the state and its people.

DUBAI: – Ambassador of Malaysia to the United Arab Emirates (UAE) His Excellency Mohd Tarid Sufian and Consul General Mr. Mohd Hasril Abdul Hamid today visited the site of the Malaysia Pavilion at Expo 2020 Dubai.

Stock Futures – U.S. soybean ending stocks tighten, USDA says The U.S. is working decrease on soybeans, whereas its corn stocks estimates stay unchanged. On Thursday, the USDA launched its December Provide/Demand and Crop Manufacturing Stories.

KUALA LUMPUR (Dec 10): Malaysia's palm oil end-stocks in November fell to a more than three-year low as production slumped and exports fell more than expected, data from the industry regulator showed on Thursday.

Unpacked soybean oil prices have increased by up to Tk 10 per litre in this period. The retail price of fine quality Miniket rice increased by Tk 400 to Tk 3,100 per sack of 50 kg. Prices of coarse varieties of rice also rose by Tk 1 or Tk 2 per kg.

KUALA LUMPUR: Research houses have maintained a ‘neutral’ rating on the plantation sector as the palm oil supply tightness is expected to remain until year-end, given the weaker output during the post-peak production period.

NEW DELHI – Futures contracts of all components of the edible oil basket fell on domestic exchanges today.