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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm oil gains nearly 4% on weak ringgit, commodities rebound
Malaysian palm oil futures rose on Tuesday to their highest in nearly nine weeks, supported by weak currency and stronger rival vegetable oils and crude oil as traders awaited export shipments data for so far in October.
Palm oil imports: All-time high
September 2022 Pakistan’s highest-ever monthly palm oil import bill. Before this, the highest monthly palm oil imports were recorded just in August 2022. There are suggestions that Afghanistan has come into the equation, as an explanation to the rising imported quantity. That may or may not be true, but the quantity imported is nothing out of the ordinary.
Palm oil still targets 3,958-4,001 ringgit range
SINGAPORE: Palm oil still targets a range of 3,958-4,001 ringgit per tonne, as it remains below a resistance at 4,194 ringgit.
Sime Darby Plantation aims for higher oil yield
PETALING JAYA: Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s GenomeSelect (GS) seeds offer a promising future for the group, even though they are still in its nascent stages.
Funds boost confidence in CBOT soyoil amid global vegoil strength
Speculators last week staged their biggest Chicago soybean oil buying spree in just over a year, lifting their bullish soyoil bets past their soymeal ones for the first time since June.
U.S. agricultural futures close mixed
CHICAGO, Oct. 25 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Tuesday, with corn and soybean rising and wheat falling.
MPOA upbeat on CPO outlook
25/10/2022 (The Star Online), Petaling Jaya - While acknowledging the road ahead may still be bumpy for the palm oil sector, Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek Choon Yee is maintaining a bullish outlook, on the back of sustained global demand as well as plans to cooperate with the government for the benefit of the industry.
Palm oil prices seen ticking up as rains slash output and demand strengthens
24/10/2022 (Malay Mail), Mumbai - Palm oil prices are likely to strengthen further as excessive rain in key producing countries curbs output, while demand increases for its use in food and biofuels, industry officials said.
Medium-term prospects for CPO prices are improving — Analysts
24/10/2022 (The Borneo Post) - KUCHING: The medium-term prospects for crude palm oil (CPO) prices are improving, given the supply risks and improving demand outlook, analysts at RHB Investment Bank Bhd (RHB Investment) viewed in a report.
