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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
FAO vegetable oil price index falls to 8-month low
Decreases in prices of palm, soybean and rapeseed oils show through more strongly in the Food and Agriculture Organization of the United Nations’ price index than do increases in asking prices for sunflower oil. Consequently, the index declined for the third month running.
India resumes purchase of Malaysian palm oil, ending diplomatic row
KUALA LUMPUR: India has resumed purchasing Malaysian palm oil following a four-month gap sparked by a diplomatic row over the former Malaysian government administration's comments on the Jammu-Kashmir issue.
New dates set for B20 biodiesel programme implementation in Sabah, Sarawak
PUTRAJAYA: The implementation of the B20 biodiesel programme in Sabah and Sarawak’s transportation sector will be rescheduled to start from later dates in the wake of the Covid-19 pandemic and the Movement Control Order (MCO), said Primary Industries and Commodities Minister Datuk Dr Mohd Khairuddin Aman Razali.
FGV to invest in RE projects
FGV Holdings Bhd is planning to focus on renewable-energy (RE) projects in an effort to boost its recovery strategy from the impact of the Covid-19 pandemic.
Palm market seeks clarity on date of higher Indonesian CPO export levy
Market participants are seeking clarity on the implementation date of the higher Indonesian export levy.
KLCI up, underpinned by higher CPO prices
KUALA LUMPUR (May 19): The FBM KLCI today closed 13.81 or 0.98% higher as world equities cheered positive developments of a Covid-19 vaccine trial and as Malaysian shares reacted to speculation that India buyers had resumed buying Malaysian crude palm oil (CPO) after a four-month interval due to a diplomatic row.
Soybean outlook is for higher supplies, crush, exports
OTTUMWA — The 2020-21 outlook for U.S. soybeans is for higher supplies, crush, exports and lower-ending stocks compared to the previous year.
Palm oil up nearly 3pc as Indonesia keeps biodiesel program alive
KUALA LUMPUR: Malaysian palm oil futures rallied nearly 3% on Monday, helped by Indonesia's plan to maintain an ambitious biodiesel programme and signs of growing demand on the back of more countries easing coronavirus restrictions.
Palm oil prices jump 2% on signs of demand revival, bullish rivals
KUALA LUMPUR: Malaysian palm oil futures rallied 2 per cent on Monday, tracking gains in crude and soybean oil, while signs of growing demand as more countries ease coronavirus restrictions helped boost sentiment.
