Archived News
05-11-2020
Crude palm oil futures scales fresh high of Rs 849 per 10 kg
Crude palm oil futures traded firm at Rs 843.30 per 10 kg on November 4 as participants increased their position as seen by the open interest. Malaysian palm oil futures gained 0.71 percent to trade at 3,092 Ringgits on Bursa Malaysia Bhd.
05-11-2020
VEGOILS-Palm oil ticks up on lower stockpiles, production outlook
Malaysian palm oil futures gained on Wednesday, lifted by expectations of tighter October stockpiles and lower production, although gains were capped as U.S. election results made global markets nervous.
05-11-2020
FGV expands palm oil seed market in India, targeting to sell 1.5 million seeds by 2021
FGV Holdings Bhd (FGV) is expanding its presence in India’s oil palm seed market by targeting to sell another 1.5 million seeds by 2021 following growing market demand for premium oil palm seeds in the country.
05-11-2020
The next US administration must rethink a palm oil ban that could worsen plight of smallholder farmers
The recent block on palm oil imports from Malaysian producer FGV holdings by US Customs and Border Protection (CBP) has not only been ineffective, but is more likely to worsen the plight of the smallholder farmers who have been badly hit by the measures
05-11-2020
La Nina contributes to marked upswing in world agri prices
Agricultural markets globally are currently under multiple influences, least of which is weather. From August onwards, a wet weather phenomenon called La Nina has taken hold
05-11-2020
Budget 2021: Nigeria’s proposed funding for oil palm research highest in 10 years
Nigeria’s oil palm research will receive its biggest funding in 10 years if the 2021 budget is passed into law, an analysis of federal budgets since 2010 has shown.
05-11-2020
US biodiesel production capacity fell slightly in 2019
Annual US biodiesel production capacity decreased by 2%, or 49 million gallons, between January last year and the start of this year, according to the latest figures.
05-11-2020
Can CPTPP offer new impetus for growth? — Tricia Yeoh
Having successfully flattened the Covid-19 curve, it is time for Malaysia to begin focusing on longer-term recovery policies.
04-11-2020
Indonesian palm market factoring $120/mt export levy into CPO offers
Sellers of Indonesian crude palm oil have started factoring in an export levy of $120/mt, though an official announcement has not yet been made, sources said Nov. 3.
04-11-2020
Agribusiness positive on crude palm oil prices for now, rally to ease in 1H21: analysts
Agribusiness players are generally positive on crude palm oil (CPO) prices for the remainder of the year with the current rally set to ease with improved supply in 1H21F, note CGS-CIMB analysts Ivy Ng and Nagulan Ravi in an Oct 29 note.
04-11-2020
VEGOILS-Palm oil gains 2% on higher rival oils, tight supply
Malaysian palm oil futures rose 2% and were set to snap a four-session decline on Tuesday, tracking higher rival edible oils and as estimates of higher exports and lower output in October stoked supply worries.
04-11-2020
Crude palm oil futures touch fresh record high of Rs 838.90 per 10 kg
Crude palm oil futures trade firm at Rs 837.50 per 10 kg on November 3 to touch a new lifetime high as participants widened their position as seen by the open interest. Malaysian palm oil futures gained 3.19 percent to trade at 3,070 Ringgits on Bursa Malaysia Bhd