Latest News

MARKET DEVELOPMENT
11-08-2021

Traders selling palm cooking oil above maximum price will face action from today

He said a few traders were still selling above the price set by the government with the excuse that they were not aware of the price control and they would immediately revert to the price recommended by the government.

MARKET DEVELOPMENT
11-08-2021

PM Modi announces palm oil initiative to make India self-sufficient in edible oils

Government sources said one of the other key aims of the move is to harness domestic edible oil prices that are dictated by expensive palm oil imports.

MARKET DEVELOPMENT
09-08-2021

Palm oil futures up on bullish production data

KUALA LUMPUR (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives finished the week mostly higher today after volatile trading from lower Malaysian Palm Oil Association (MPOA) production data.

MARKET DEVELOPMENT
09-08-2021

CPO futures likely to see profit-taking activities next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.

MARKET DEVELOPMENT
09-08-2021

The CPO price and stock disconnect

SINCE the start of the year, the plantation sector, as measured by the Kuala Lumpur Plantation Index (KLPI), has underperformed the FBM KLCI by 8.4%, as the former is down 16.5% year-to-date while the latter is lower by 8.1% for the same period.

MARKET DEVELOPMENT
09-08-2021

Malaysian palm oil gains on forecast of output drop

KUALA LUMPUR: Malaysian palm oil futures edged higher on Friday, underpinned by a forecast for a decline in July production, although the contract was set for its first weekly loss in seven.

MARKET DEVELOPMENT
09-08-2021

Palm and rubber commodities remain mainstay for West Kalimantan

Pontianak, West Kalimantan (ANTARA) - Palm and rubber commodities remain the mainstay for West Kalimantanâ€™s businesses amid the COVID-19 pandemic, according to Prof. Dr Eddy Suratman, academic for economic studies of Tanjungpura University in Pontianak, West Kalimantan.

MARKET DEVELOPMENT
09-08-2021

Latam soybean oil basis jump on steady demand, logistic issues, biodiesel blending

Argentina and Brazilâ€™s FOB soybean oil basis levels rose to more than two-month highs, amid steady demand for exports and local biodiesel blending as well as transportation bottlenecks in ParanÃ¡ river.

MARKET DEVELOPMENT
09-08-2021

RPT-China's July soybean imports fall on year on weak crushing margins

BEIJING, Aug 7 (Reuters) - Chinaâ€™s soybean imports fell in July from the same period the previous year, customs data showed on Saturday, as poor crushing margins weighed on demand.

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