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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
VEGOILS-Palm oil set for second monthly loss on higher Indonesian supply
KUALA LUMPUR, April 28 (Reuters) - Malaysian palm oil futures were rangebound on Friday as traders factored in larger supply from top producer Indonesia, setting the contract on course for a second consecutive monthly decline.
Oil palm cultivation paving the way to a self-sufficient India
Palm oil is the most ubiquitous vegetable oil. Present in everything from soaps to ketchup, it is the mainstay of all manner of consumer products. India, as the world’s fifth largest consumer market and now the world’s most populous country, is unsurprisingly a major consumer of the commodity.
Palm hits 1-month closing low on weak exports
KUALA LUMPUR: Malaysian palm oil futures fell for a fourth consecutive session on Wednesday to close at their lowest level in a month, as weak exports and rival oils weighed on market sentiment.
Palm oil may fall to 3,504 ringgit
SINGAPORE: Palm oil may break a support at 3,565 ringgit per tonne and fall to 3,504 ringgit. The bounce triggered by the support has been almost reversed.
Malaysian palm oil board sees higher exports to China
KUALA LUMPUR – Malaysia’s exports of palm oil and palm-based products to China are expected to increase this year following better cooperation between the two countries, the Malaysian Palm Oil Board (MPOB) said on Tuesday.
Egypt soybean imports decline sharply
CAIRO, EGYPT — Egypt’s soybean imports have declined sharply in the 2022-23 marketing year as the country faces a foreign currency crunch and economic challenges amid Russia’s war with Ukraine, according to a Global Agricultural Information Network report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
EU voices optimism on Ukraine grain transit deal
The European Union’s agriculture chief expressed optimism on Tuesday that countries neighbouring Ukraine will shortly accept a deal to allow Ukrainian grain to enter their countries for export elsewhere.
MPOB sees higher palm oil exports to China this year
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) foresees higher exports of palm oil and palm-based products to China this year as it enhances cooperation in the palm oil trade through the recent signing of the memorandum of understanding (MoU) in Beijing.
Palm oil slips to one-week low
KUALA LUMPUR: Malaysian palm oil futures slipped to the lowest close in more than one-week on Tuesday, as the market reopened after the Eid holidays, weighed down by poor exports in April so far.
