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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
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
Ringgit to remain strong on positive fundamentals
THE ringgit is expected to continue strengthening to the 4.00 level next year on the back of a recovering economy helped by the distribution of vaccines to combat the Covid-19 pandemic, stronger energy prices and fund inflows.
Palm oil demand will be limited if prices continue to rise, say analysts
Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the Covid-19 pandemic push prices up further, analysts told a virtual palm oil conference on Thursday.
Crude palm oil futures up 0.72% to Rs 880.20 per 10 kg in evening trade
Crude palm oil (CPO) futures traded firm at Rs 880.20 per 10 kg on December 3 as participants increased their long position as seen by the open interest. Malaysian palm oil futures gained 0.39 percent to settle at 3,329 Ringgits on Bursa Malaysia Bhd
Malaysia's palm oil likely down 2% m-o-m to 1.54 million tonnes at end-November as production fell, says CGS-CIMB Research
Malaysia's palm oil inventory was likely to have fallen 2% month-on-month (m-o-m) to 1.54 million tonnes at end-November, the lowest for the month since 2004, due to lower production, said CGS-CIMB Research.
SEA urges govt to regulate excess import of edible oils from Nepal
Huge import of soybean oil from Nepal is hurting the domestic refiners and farmers and is causing revenue loss to the government, the Solvent Extractors'' Association of India (SEA) said on Thursday.
Indonesia raises export levy on crude palm oil to $180/mt effective Dec 10
The move follows the rise in CPO export duty on Nov. 30. The export duty was raised to $33/mt from $3/mt, as the reference price on CPO exports in December was calculated higher at $870.77/mt.
New Indonesia palm oil levy seen hurting demand, smallholder farms
Indonesia will impose higher levies on crude palm oil (CPO) starting Dec. 10, an official document showed on Thursday, a move that could impact demand next year as it seeks to generate funds for its ambitious palm-based biodiesel programme.
Malaysian palm oil falls
Malaysian palm oil futures ended 1% lower on Wednesday as weaker rival Dalian oils eclipsed support from forecasts of tight supply, with lower-than-expected biodiesel consumption in Indonesia further hitting sentiment. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange closed 34 ringgit, or 1.02%, lower to 3,313 ringgit ($813.01) a tonne, declining for a second session in three.
CPO prices likely to decline in 2021 as production rises
FITCH Ratings Inc expects crude palm oil (CPO) prices to decline from current levels and assumes an average of US$560 (RM2,280) per tonne for 2021, although CPO prices are performing above expectations this year.
