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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Covid-19 daily cases reach record high
US pending home sales grew 16.6 per cent in June compared with 44.3 per cent growth in the previous month. GDP for the second quarter (2Q) fell 32.9 per cent on an annualised rate.
Putting FGV back on track
It has been a year and a half since Datuk Haris Fadzilah Hassan took the helm at ailing plantation giant FGV Holdings Bhd. The ride thus far has had its fair share of challenges, which include disputes with major shareholder Federal Land Development Authority (FELDA), high operating costs and the need to diversify the group's earnings base.
Indonesia B40 biodiesel plan still on track as Covid-19 cases surge past 111,000 mark
Indonesia's plans to raise the bio-content of its palm oil-based biodiesel to 40% - known as B40 - is back on schedule with a target for implementation by July 2021, Coordinating Minister for Economic Affairs Airlangga Hartarto has announced.
Edible oil trade bodies differ on import restrictions
Recently, Soybean Processors Association of India (SOPA) sought a quantitative quota and higher import duty for crude soybean and sunflower oils citing "unbridled and burgeoning" imports of edible oils in India - hurting interests of the farmers and processors.
Peninsular Malaysia, Sabah lead CPO production growth
Malaysia’s crude palm oil (CPO) production staged an impressive recovery of 35 per cent in the second quarter of the year (2Q20), led by Peninsular Malaysia and Sabah
CPO futures to see range-bound trading next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade range-bound next week at between RM2,650 and RM2,750 per tonne, said a dealer.
Oil consumption poised to see 8.7% drop
Overall oil consumption is likely to contract by 8.7% this year, a record decrease, to 144 million litres per day (MLD) on average, from 157 MLD last year, because of the Covid-19 impact, says the Department of Energy Business (DOEB).
Palm oil players urged to step up game to eradicate haze
THE palm oil industry needs to step up its game to solve the transboundary haze problem that mainly affects three South-East Asian countries — Malaysia, Indonesia and Singapore.
Subdued rubber price reflects poor automotive sales
THE price of natural rubber (NR) is not reflective of its fundamentals, as poor global automotive production and sales led to subdued growth of the commodity.
