Latest News

MARKET DEVELOPMENT
17-08-2021

Palm oil tracks rise in rival soyaoil

Malaysian palm oil futures rose 1% on Monday after closing at a record high in the previous session, tracking stronger rival soyoil prices, but a plunge in August exports so far capped gains

MARKET DEVELOPMENT
17-08-2021

Govt plans to top up commodity reserves up to 20pc to offset high local price

The government will build the strategic reserves by importing 10-20 percent of the total consumption of the staple food items and supply into the market to bridge the supply and demand gap, a minister said on Monday.

MARKET DEVELOPMENT
17-08-2021

Concerns over weak production in coming weeks push CPO futures to end higher

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher due to concerns over weak production in coming weeks, palm oil trader David Ng said.

MARKET DEVELOPMENT
17-08-2021

CPO price upward trend not sustainable as demand expected to be soft â€” Thomas Mielke

The current high price of crude palm oil (CPO) may not be sustainable as demand is expected to be soft in the upcoming months, according to ISTA Mielke GmbH (oil world) executive director, Thomas Mielke.

MARKET DEVELOPMENT
17-08-2021

MPOB, Malaysian Nuclear Agency ink MoU for palm-based research using radiation technology

Malaysian Palm Oil Board (MPOB) and the Malaysian Nuclear Agency, Ministry of Science, Technology and Innovation (MOSTI) today signed a memorandum of understanding (MoU) for cooperation in the implementation of two palm-based research projects using radiation and other potential projects in the future.

MARKET DEVELOPMENT
17-08-2021

Malaysia's Aug 1-15 palm oil exports fall 21%, says AmSpec Agri

Exports of Malaysian palm oil products for Aug 1-15 fell 21% to 540,853 tonnes

MARKET DEVELOPMENT
17-08-2021

Palm oil may retest resistance at 4,587 ringgit

Palm oil may retest a resistance at 4,587 ringgit per tonne, a break above which could lead to a gain to 4,698 ringgit.

MARKET DEVELOPMENT
17-08-2021

India's July palm oil imports plunge 43%, says trade body

India's July palm oil imports plunged 43% from a year earlier to their lowest in five months, a leading trade body said on Monday, as demand was curtailed by prices that rallied to a multi-year high.

MARKET DEVELOPMENT
17-08-2021

Itâ€™s important to talk about sustainable palm oil

Used in everyday items across virtually every fast-moving consumer good (fmcg) category, palm oil can be found in more than half of products on supermarket shelves. It offers multiple benefits over comparable vegetable oils and helps ensure products are available to shoppers with the frequency and quality they demand

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