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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
FG to Lose N24Bn Subsidising Crude Palm Oil Importers
10/12/2014 (BusinessDay) - The Federal Government will be losing N24 billion annually by virtue of its 75 percent import duty waivers to importers of Crude Palm Oil (CPO) operating in the Free Trade Zone (FTZ).
Bearish Cues Drag Edible Oils
10/12/2014 (Hindu Business Line) - The edible oils market weakened on Tuesday, tracking bearish overseas and domestic palm and soya oil futures. However, on the Bombay Commodity Exchange, groundnut, soya, rapeseed and cotton oil registered a gain of ₹5-10 for 10 kg. Palmolein declined by ₹1 and sunflower oil ruled steady. Liberty was quoting palmolein for ₹481/483, super palmolein ₹503 and soyabean refined oil ₹591. Ruchi traded palmolein at ₹478, soyabean refined oil ₹588 and sunflower refined oil ₹635. Allana rates: palmolein ₹480, super palmolein ₹505, soyabean refined oil ₹595 and sunflower oil ₹635.
Palm Oil Shipment Tax in Malaysia Seen at Zero Next Month
10/12/2014 (Bloomberg) - Palm oil exports from Malaysia, which waived a levy on shipments for the final four months of 2014, will probably remain duty-free in January as average prices stay below a threshold for a tax to be imposed.
VEGOILS-Palm Gives up Gains, Ends Down After Crude Drops to 5-yr Low
09/12/2014 (Reuters) - Malaysian palm oil futures ended lower on Monday after crude markets dived to five-year lows, forcing the tropical oil to give up earlier gains which had stemmed from the ringgit plunging to its weakest since Sept. 2009.
Vegoils: Market Factors to Watch Dec 9 Tuesday
09/12/2014 (Reuters) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday.
Rotterdam Vegetable Oil Prices
09/12/2014 (Reuters) - Monday's Rotterdam vegetable oil prices at 1700 GMT.
Palm Oil to Test Supports, Rise
09/12/2014 (Hindu Business Line) - Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives were marginally lower on Monday after rising to their highest in nearly two-weeks after the Malaysian ringgit plunged to a five-year low, making dollar-priced palm cheaper for overseas buyers. However, continuous fall in energy markets is weighing on the edible oil complex. CPO active month February futures moved lower as expected. As cautioned in the previous update, break of important support at Malaysian ringgit (MYR) 2,180/tonne could see prices testing next important support near MYR 2,135-40 levels immediately followed by MYR 2,100 levels. Though a smart pullback was seen from the lows of MYR 2,083 levels, the bigger picture still looks weak and further downside pressure can be seen in the coming sessions. Resistances are seen near MYR 2,200-25/tonne levels now. Immediate support is at MYR 2,145-50 levels and failure to hold support here could drag prices further to recent lows or even lower to MYR 2,075 levels being a trend line support point.
New Malaysian Envoy To NZ Vows To Take Bilateral Ties To Higher Level
09/12/2014 (Bernama) - New Malaysian High Commissioner to New Zealand Datuk Lim Kim Eng hopes to take trade and investment linkages between Malaysia and New Zealand to a higher level.
Five NGOs File Memorandum Against Child Labour Allegations
08/12/2014 (Bernama) - Five non-governmental organisations (NGOs) have objected to a report by the United Sates (US) Department of Labor alleging child labor was used in the palm oil sector of the country and described it as inaccurate.
