Archived News
22-10-2019
Malaysian palm oil price snaps 5-session rally on stronger ringgit
SINGAPORE: Malaysian palm oil futures closed slightly lower on Monday as the ringgit crept higher, though gains in rival oils minimised losses.
22-10-2019
Edible oil body advises against import of Malaysian palm oil
As per Commerce Ministry data, India’s vegetable oil imports were valued at Rs 69,023.79 cr in 2018-19 and Rs 27,972.27 cr during April-August 2019.
22-10-2019
Nigeria’s palm oil imports soar to N256.7bn
High demand by consumers has pushed up the price of Malaysian crude palm oil by 68.9 per cent within the last three months.
22-10-2019
Dr M warns of possible trade sanctions on Malaysia
KUALA LUMPUR (Reuters): Prime Minister Dr Mahathir Mohamad said on Monday (Oct 21) his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war.
21-10-2019
MPOA sees business as usual amid India palm oil curbs threat
KUALA LUMPUR: Given the strong bilateral trade relationship with India, the Malaysian Palm Oil Association (MPOA) is of the view that business will be as usual for both countries despite news that India is considering curbing imports of some Malaysian products, including palm oil.
21-10-2019
Palm oil as health food? Experts say to seek new markets
PETALING JAYA: Economists are proposing that Malaysia mount an aggressive campaign to highlight the benefits of palm oil to woo new markets in the event India decides to boycott Malaysian palm oil in a row sparked by criticisms of its actions in Kashmir.
21-10-2019
India's M'sian palm oil boycott may trigger a fire storm
COMMENT | Prime Minister Narendra Modi ought to be congratulated for winning handsomely in his May 2018 re-election campaign. But the plaudits, for now, stop there.
21-10-2019
Indonesia’s Aug palm oil output seen down slightly, exports up – survey
Indonesia’s palm oil output likely slipped in August from a month earlier, while exports were seen about 7% higher, a Reuters survey showed.
21-10-2019
CPO futures likely to trade between RM2,080 to RM2,100
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower at between RM2,080 and RM2,100 per tonne next week, amid fears of import curbs by India.
21-10-2019
Malaysian palm oil price up for 4th session as soyoil gains, ringgit weakens
SINGAPORE: Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India.
18-10-2019
Palm oil rises for third session
Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains
18-10-2019
Oil price rises, supported by US fuel stock draws but weighed by crude build
Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.