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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
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Marginal decline likely in palm oil demand
DEMAND for palm oil is expected to dwindle from May onwards as major buyer India grapples to contain the spread of Covid-19 which could impact domestic consumption.
Malaysia maintains May crude palm oil export duty at 8%
KUALA LUMPUR, May 17 (Reuters) - Malaysia has kept its May export tax for crude palm oil at 8% but raised the reference price, a circular on the Malaysian Palm Oil Board website showed on Monday.
High palm oil rates trigger price hikes
Packaged goods companies are considering raising prices of products because of a surge in the price of palm oil, a key input for goods ranging from snacks to soaps.
VEGOILS-Palm declines on easing concerns over global edible oil supply
KUALA LUMPUR, May 17 (Reuters) - Malaysian palm oil futures fell nearly 1.5% on Monday as trade resumed after a long holiday weekend, with easing concerns over dwindling global edible oil supply weighing on the market.
Crude palm oil to continue bullish momentum, up 1.4% during the week
Crude palm oil futures edged higher to settle at a near-record high of Rs 1,249 per 10 kg after touching a fresh lifetime high of Rs 1,253.40 on Friday during intraday. There were no global cues as Bursa Malaysia Bhd (BMD) was closed for the long weekend.
First Resources Q1 net profit falls by 60.5% on higher export taxes
FIRST Resources on Monday reported net profit of US$8.8 million for the first quarter ended March 31, down 60.5 per cent from US$22.2 million the year before.
China to reduce palm oil imports in 2021-22 as it eyes vegoil self-reliance
China is expected to lower its palm oil purchases in the 2021-22 marketing year, spanning October 2021-September 2022, as it looks to ramp up domestic edible oil production — a move that can help reduce reliance on vegetable oil imports.
USDA sees uptick in Indonesia’s palm oil exports in 2021-22
Indonesia’s palm oil exports are set to rise by 1.5 million mt year on year to 29.5 million mt in 2021-22 marketing year (October-September) as higher production and lower prices are expected to encourage demand in China and the EU, the US Department of Agriculture’s Foreign Agricultural Service said.
M’sia to enhance bilateral cooperation with Saudi, UAE
MALAYSIA will further enhance its bilateral cooperation with Saudi Arabia and the United Arab Emirates (UAE) in a more comprehensive and strategic direction, and rebuild the confidence among the business community.
