Berita Arkib

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Aug 9.

KUALA LUMPUR: Malaysian palm oil futures rose 1 percent by close of trade on Wednesday, reversing losses from earlier in the day to chart a fourth straight day of gains on expectations that Malaysia's crude palm oil export duty for September could be a zero rate.

Palm oil on the European vegetable oils market continued to ease on Friday on the back of a weak ringgit and because of ongoing worries over the escalating trade dispute between the US and China. Asking prices for palm oil were between unchanged and $7.50 a tonne lower as the weaker ringgit weighed on products priced in dollars. Malaysian palm oil futures closed between eight ringgit per tonne higher and five ringgit lower.

SINGAPORE (Aug 8): Palm oil may break a resistance at RM2,249 per tonne, and rise towards the next resistance at RM2,287, as suggested by its a projection analysis and a double-bottom.

The imports of palm oil into the country witnessed increase of 7.06 percent during the fiscal year 2017-18 as compared to the imports of the corresponding period of previous year.

GLOBAL - Global agricultural food commodity prices fell sharply in July, as all the major traded items posted notable declines, led by dairy and sugar.

KUALA LUMPUR (Aug 8): Malaysian palm oil futures fell at the midday break on Wednesday, in line to snap three previous days of gains, on the back of a firmer ringgit and weaker soyoil.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Aug 8

KUALA LUMPUR: Malaysian palm oil futures jumped by more than 1 percent to its highest in nearly a month on Tuesday, extending gains into a third session on strength in related edible oils and earlier weakness in the ringgit.

PUTRAJAYA: The latest addition to the plantation industry players’ Budget 2019 wish list is for the government to allocate funds for palm oil-based biodiesel subsidies.

PETALING JAYA: RAM Ratings expects crude palm oil (CPO) prices to be sustained between RM2,200 and RM2,400 per tonne in the second half of 2018.

PUTRAJAYA: The Primary Industries Ministry is in the midst of exploring new markets for palm oil via good connections with several nations as Malaysia is striving to tackle anti-palm campaign issues.