Berita Arkib

Crude palm oil prices went down by 0.50 per cent to Rs 620.60 per 10 kg in futures market today as speculators cut down positions in line with weak international prices and on muted spot demand.

NANJING, China, July 12, 2018 /PRNewswire/ -- The 2018 China Sustainable Palm Oil Supply Chain Forum & the Second RSPO China Forum was held on July 11 in Nanjing, China. The China Sustainable Palm Oil Alliance was jointly launched by the China Chamber of Commerce of Foodstuffs and Native Produce (CFNA), Roundtable for Sustainable Palm Oil (RSPO) and World Wildlife Fund (WWF) to create a platform for win-win cooperation among stakeholders in the palm oil supply chain and promote sustainable palm oil in China.

Plantation sector Maintain neutral: Malaysian palm oil inventories were unexpectedly up for the first time in six months as a sharp decline in exports outpaced a decline in production. During the first half (1H), palm oil inventories rose 0.8% year-on-year (y-o-y) while production and exports gained 2.3% and 5.1%, respectively.

China is capable of dealing with the gap caused by reduced purchases of U.S. soybeans amid the current trade friction and will find other sources, industry insiders said on Wednesday.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday July 12

KUALA LUMPUR: Malaysian palm oil futures fell over 2 percent to a two-year low on Wednesday evening, tracking weakness in related oils on China's Dalian Commodity Exchange and as an escalating U.S.-China trade conflict weighed on the market.

SINGAPORE (July 12): Palm oil is expected to drop more to 2,187 ringgit per tonne, as it has cleared a support at 2,212 ringgit.

Nestlé’s suspension means it can no longer use the Roundtable on Sustainable Palm Oil (RSPO) stamp certifying that its products are sustainable.

KUALA LUMPUR: Palm oil inventory stock should rise five per cent to 2.30 million tonnes with an anticipation of a supply growth of 1.69 million tonnes this month.

KUALA LUMPUR (July 11): Malaysia lowered its export tax on crude palm oil for August to 4.5%, the Malaysian Palm Oil Board said on Wednesday, citing the national customs department.

KUALA LUMPUR (July 11): Japanese traders continue to favour Malaysian palm oil given its reliable supply, quality and assurance of sustainability, underpinned by the Malaysian Sustainable Palm Oil (MSPO) Certification Scheme.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday July 11.