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MARKET DEVELOPMENT
24-01-2019

India Edible Oil: Gives up Tuesdayâ€™s gains; soybean up on CBOT cues

Futures contracts of all constituents of the edible oil basket declined today, giving up gains from the previous session. The February contract of soybean on the National Commodity and Derivatives Exchange settled around 2% lower due to tepid buying at higher price levels, analysts said.

MARKET DEVELOPMENT
23-01-2019

Malaysian palm oil price hits over 4-month high on bullish price forecasts

Malaysian palm oil futures extended gains to a more than four-month high on Tuesday evening, supported by bullish price forecasts at an industry conference over the weekend and strength in U.S. soyoil.

MARKET DEVELOPMENT
23-01-2019

'Irresponsible for WHO Bulletin to compare palm oil with tobacco and alchohol'

The World Health Organisationâ€™s (WHO) recent bulletin is peppered with errors, omissions, assumptions and totally biased, according to theoilpalm.org latest posting.

MARKET DEVELOPMENT
23-01-2019

Palm oil prices to rise to RM2,400/T by end-March â€” analyst Mistry

Benchmark palm oil prices are expected to rise to RM2,400 a tonne by end-March, according to forecasts by industry analyst Dorab Mistry, as the market has "bottomed out".

MARKET DEVELOPMENT
23-01-2019

Indonesia palm prices to rise to US$600/T amid output fall â€” analyst

Indonesian palm oil prices are forecast to rise to as high as US$600 a tonne amid rising demand from the food and energy sector, slowing production growth and falling global palm and vegetables oil stockpiles, said industry analyst Thomas Mielke.

MARKET DEVELOPMENT
23-01-2019

Donâ€™t ignore palm oilâ€™s power to alleviate poverty and improve health

The World Health Organisationâ€™s (WHO) recent bulletin contained an article focused on the palm oil sector. The article was full of errors, omissions, assumptions and other evidence of bias.

MARKET DEVELOPMENT
23-01-2019

Palm oil scrutiny pushes Cadbury-maker Mondelez and others to track sourcing, but pricey sustainable oil finds few buyers

The world's biggest growers of palm oil say they're stepping up efforts to produce the contentious commodity more sustainably, but consumers are unwilling to pay more for environmentally friendly supply.

MARKET DEVELOPMENT
23-01-2019

Palm oil may retrace to RM2,198

Palm oil may retrace to a support at RM2,198 per tonne, as it faces a resistance at RM2,227. The support and the resistance are identified as the 176.4% and the 200% projection levels on an uptrend from RM1,979.

MARKET DEVELOPMENT
23-01-2019

MAHB, Malaysia Airlines, AirAsia and Malindo to help promote palm oil

Malaysia Airports Holdings Bhd (MAHB), Malaysia Airlines Bhd, AirAsia Group Bhd and Malindo Airways Sdn Bhd are supportive of national campaign to promote Malaysian palm oil to air travellers.

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