Archived News
07-09-2020
CPO futures to trade lower on weaker demand next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week on the back of weaker demand.
07-09-2020
First-semester biodiesel consumption reached 4.36 million kl: Ministry
The utilization of biodiesel blended fuels reached 4.36 million kiloliters (kl) until mid-2020, constituting almost 68 percent of last year's total consumption, the Energy and Mineral Resources Ministry stated.
04-09-2020
Legislators view palm oil as strategic commodity for national economy
Jakarta (ANTARA) - Several members of the House of Representatives (DPR), in their statements received by Antara, opined that the palm oil commodity holds strategic value as a source of foreign exchange and to support the national economy.
04-09-2020
CPO futures extends uptrend, hits eight-month high
KUALA LUMPUR (Sept 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its upward momentum today, reaching an eight-month high and extending its upward momentum in the last five days.
04-09-2020
U.S. soybean sales to China could lift canola
The market has been waiting for China to live up to its trade deal with the U.S.; analysts think it might be about to happen

04-09-2020
Soybeans fall from 2-yr high, on course for weekly gain of 1.5%
SYDNEY — U.S. soybeans dipped on Friday, retreating from a two-year high touched in the previous session, although the oilseed was on course to post a weekly gain of 1.5% underpinned by strong demand from China.
04-09-2020
Enhanced biodiesel programme, new markets help boost palm price, says deputy minister
KUCHING, Sept 3 — The biodiesel improvement programme and initiatives in the country as well as opening of new markets have contributed to the increase in palm oil price currently, said Plantation Industries and Commodities Deputy Minister Willie Mongin.
04-09-2020
VEGOILS-Palm oil set to end six-day rally on estimates of higher Aug inventories
KUALA LUMPUR, Sept 4 - Malaysian palm oil futures are set to snap six-day winning streak on Friday on forecasts of higher August stockpiles in the world's second-largest producer, although the contract is still set to clock a weekly gain of 4.3%.
03-09-2020
Teck Guan buys 510-acre land for RM12m to boost oil palm output
KUALA LUMPUR (Sept 2): Teck Guan Perdana Bhd's wholly-owned unit Tawau Cocoa Estate Sdn Bhd is buying a 510.6-acre agriculture land in Tawau for RM11.94 million.
03-09-2020
Colombia palm oil production to rise 10% this year, says producers' federation
BOGOTA, Sept 2 (Reuters) - Production of palm oil in Colombia will rise this year to 1.65 million tonnes, a 10% uptick on last year because of increased output, the president of the producers' association said on Wednesday.
03-09-2020
Crude palm oil futures up marginally at Rs 764 per 10 kg
In the futures market, Crude Palm Oil (CPO) for September delivery touched an intraday high of Rs 770 and an intraday low of Rs 758.4 per 10 kg on MCX.
03-09-2020
Palm climbs for 5th day as weaker ringgit boosts
KUALA LUMPUR: Malaysian palm oil futures ended higher for a fifth straight session on Wednesday as a weaker ringgit helped reverse early losses, although a plunge in August exports capped gains.