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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Edible oil prices on the rise
Local consumers now have to spend more on edible oil as prices are rising in the international market almost every week due to decreased production in exporting countries, weakening of supply chain and stockpiling amid the pandemic.
Palm Oil Prices Likely to Decline from Multi-Year Highs
Fitch Ratings expects crude palm oil (CPO) prices to decline in 2021 on higher supply and assumes they will average USD560/tonne over the year, despite some upside risk, such as a strong La Nina weather pattern.
UPDATE 2-U.S. blocks palm oil imports from Malaysia's Sime Darby over forced labour allegations
VEGOILS-Palm rises for second day; firmer ringgit, cheaper U.S. soyoil cap gains
Malaysian palm oil futures edged higher for a second day, tracking higher prices of rival vegetable oils on the Dalian Commodity Exchange rose, although the gains were capped due to a stronger ringgit and cheaper U.S. soyoil.
After 8-year high, lower CPO prices expected
Expects the prices to average at US$560 (RM2,268) per tonne over the year.
Britain, Turkey reach post-Brexit free trade agreement
The deal, which will come into effect on Jan. 1, aims to support trade between the two countries which was worth more than $25 billion in 2019.
Japan teams with RCEP allies to push China on data free flow
Beijing chose to promote trade with its Asian neighbors through RCEP, even if it meant pain for its domestic industry through a reduction or elimination of tariffs.
CPO futures end marginally higher
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed marginally higher today in anticipation of lower output and stock, a dealer said.
CPO prices to decline in 2021: Fitch
The firm assumed the prices would average US$560 per tonne over the year, despite some upside risks such as a strong La Nina weather pattern
