Archived News

SINGAPORE (March 1): Palm oil may fall further in a range of RM2,034-2,091 per tonne, as it has cleared a support at RM2,144.

Coordinating Maritime Affairs and Fisheries Minister Luhut Binsar Pandjaitan has said the government plans to hire foreign law firms to negotiate with the European Union on its restrictive policies on palm oil.

KUALA LUMPUR: Malaysian palm oil futures declined for a fourth day on Wednesday, falling to their weakest levels since the start of the year on expectations of weaker demand, a stronger ringgit currency and weaker related edible oils.

KUALA LUMPUR (Feb 27): FGV Holdings Bhd (FGV) rose as much as 6.89% in active trade today after International Trade and Industry Minister Datuk Darell Leiking met his Norwegian counterpart in talks that would include a sustainable palm oil deal.

KUALA LUMPUR/JAKARTA (Feb 27): Palm oil futures fell after a technical hitch at CME Group Inc. spilled over to Malaysia, causing an hour-long delay in the opening of the Bursa Malaysia Derivatives exchange.

KUALA LUMPUR (Feb 27): Malaysian palm oil futures declined in early trade on Wednesday, in line to chart a fourth straight day of losses, weighed by appreciation in the ringgit and weaker related edible oils on China's Dalian Commodity Exchange (DCE).

The European Union (EU) said it has not placed any ban on palm oil importation from Nigeria.

SINGAPORE: Palm oil may slide further into a range of 2,142-2,154 ringgit per tonne, as suggested by its wave pattern and a Fibonacci ratio analysis.

India imported 1.23 MMT of vegetable oils in January 2019, or just 3 KMT less than in the same month last year (1.24 MMT), reports UkrAgroConsult.

English (press release) (blog)) - Ghana is failing to utilise a $300 million opportunity in the oil palm plantation sector due to the challenge of land acquisition, APA learns here.This was because palm oil played a major role in the industrial set up of the country, where it was mainly used for personal care products and processed foods.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Feb 27.

MUMBAI: India's rapeseed mustard production in 2018/19 could jump nearly 19 percent from a year earlier to a record 8.5 million tonnes due to conducive weather and as higher prices prompted farmers to expand areas under planting, a leading trade body said on Tuesday.