Archived News

KUALA LUMPUR, June 4 - Malaysian palm oil futures took a breather on Thursday after two days of sharp gains, falling on forecast of higher May stockpiles and tracking losses in crude and rival soyoil.

PETALING JAYA: Malaysia’s April exports registered a 23.8% decline year-on-year (y-o-y) to RM64.9 billion, the largest decline since September 2009, due to most sectors of the national economy being shut down since March 18, under the movement control order.

PETALING JAYA: Declines in both exports and imports are expected given that most countries around the world were under some form of lockdown to contain the spread of Covid-19, Senior Minister and Minister of International Trade & Industry Datuk Seri Mohamed Azmin Ali (pix) said today.

KANSAS CITY, MISSOURI, US — Barring unexpectedly heavy Chinese purchases of US soybeans or a weather threat to the 2020 soybean crop, food industry ingredient buyers may expect to see relatively low, which is to say favorable, soybean oil prices continuing into the fall, Paul Meyers, vice president, commodity analysis, Foresight Commodity Services, Inc., told executives participating in the Sosland Publishing Purchasing Seminar webinar on June 1.

SYDNEY, June 4 (Reuters) - U.S. soybeans held steady on Thursday, as signs of strong Chinese demand kept prices at a three-week high.

KUALA LUMPUR: Boustead Plantations Bhd's (BPlant) net loss narrowed to RM9.55 million in the first-quarter (Q1) ended March 31, 2020, from a net loss of RM16.20 million a year ago.

NEW DELHI – Following are the highlights of trading in edible oil markets today:

Soybeans were higher on commercial and technical buying. China bought 132,000 tons of new crop U.S. beans, despite reports Monday Beijing had ordered a pause in purchases from the U.S. China is also reportedly buying beans from Brazil as a hedge against the current political tensions with the U.S. over Hong Kong, coronavirus, and questions about purchases under the Phase One trade agreement. As of Sunday, 75% of this year’s crop is planted with some areas expected to wrap up in the next few days. Barcharts currently projects a yield of 48.8 bushels per acre. The USDA’s next set of supply and demand numbers is out June 11th. Soybean meal and oil followed beans higher. Oil had additional support from the higher overnight move in palm oil and higher trade in crude oil.

PARIS: European Union soybean imports in the 2019/20 season that started last July had reached 13.83 million tonnes by May 31, official EU data showed on Tuesday.

KONTAN.CO.ID - JAKARTA. Pemerintah Indonesia menaikkan tarif ekspor crude palm oil (CPO) atau minyak sawit dari US$ 50 per ton menjadi US$ 55 per ton. Tarif pungutan tersebut dikenakan kepada pelaku usaha perkebunan kelapa sawit yang melakukan ekspor komoditas perkebunan kelapa sawit, CPO, dan/atau turunannya.

InfoSAWIT, JAKARTA - Petumbuhan ekonomi dan konsevasi lingkungan merupakan indikator keberlanjutan yang penting bagi sektor sawit di Indonesia saat ini. Dua kepentingan ini tidak dapat dielakkan dan saling berkompetisi dalam pengembangan sektor sawit di Indonesia.

KUALA LUMPUR: Malaysian palm oil futures rose to their highest level in nearly two months on Monday, supported by a rise in May exports and optimism over a recovery in demand.