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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
Oil slips as traders expect OPEC+ to ease supply cuts
Oil slipped nearly 1% on Monday as traders eyed an OPEC technical meeting this week which is expected to recommend an easing in supply cuts that have been propping up crude prices.
Commodities support ringgit as equities gain on liquidity
THE latest cut in the Overnight Policy Rate (OPR) rate by Bank Negara Malaysia (BNM) last week will continue to divert money into liquid investments like stocks as the ringgit is lifted by higher crude oil prices as economic activity gains transaction.
As world’s largest importer of palm oil, India has a duty to push for ethical production practices
Consumption of edible oil in India, which is dominated by palm oil, has crashed by nearly 40% since the national lockdown began. Palm oil imports may slump by as much as 25% in 2020, to the lowest levels in at least a decade, experts say.
Analysts stay neutral on plantation sector as June stockpiles decline
Analysts have maintained their "neutral" stand on the plantation sector after the Malaysian Palm Oil Board (MPOB) reported data for June with month-end stockpiles declining slightly more than expected by 6.3% month-on-month (m-o-m) to 1.9 million tonnes.
Palm oil falls on weaker crude, rival soyoil
Malaysian palm oil futures fell on Monday, tracking losses in crude and rival soyoil, while and as higher June production also hurt sentiment.
CPO price to trend lower: MIDF Research
Crude palm oil (CPO) price is expected to trend lower in the third quarter (Q3) of 2020, as output level is expected to outpace demand loss from the possibility of intermittent coronavirus lockdowns, said MIDF Research.
Affin Hwang Capital Research retains Neutral on plantations
For sector exposure (small-mid cap), we prefer Ta Ann as they remained as one of the profitable upstream companies during a depressed crude palm oil (CPO) environment coupled with its undemanding valuation, †it said.
Non-cash impairment expected to be recognised in 2020 interim results
Oil Search expects to recognise a non-cash, pre-tax impairment charge of US$360 -400million (US$250 –300million on a post-tax basis) in its 2020 interim results, which are scheduled to be released on Tuesday 25 August 2020.
Palm oil boycott leads to use of more land for less-efficient vegetable oils, says UN advisor
Boycotting problematic commodities implicated in deforestation will only lead to exports of those same commodities being redirected to regions with far lower environmental standards, says advisor to the United Nations Fazlun Khalid.
