Berita Arkib

PETALING JAYA: Malaysia’s economy is much more diversified today contrary to the common view that that the country is reliant on commodities, said Standard Chartered Global Research.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday June 13.

Malaysian palm oil futures extended losses to a five-week low on Tuesday, weighed down by the government's decision to maintain export tax for July and on lacklustre demand.

Malaysia’s crude palm oil (CPO) inventory for June has been projected by analysts to either be flat or even decline, while also expecting limited likelihood of a strong demand surge for Malaysian palm oil going forward.

Malaysian palm oil futures dropped more than 1% to their lowest in nearly two years on Tuesday, weighed down by the government's decision to maintain an export tax for July and due to lacklustre demand.

Malaysian palm oil futures extended a downward trend, closing 0.3 per cent lower on Monday as weak demand weighed.

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

KUALA LUMPUR: Affin Hwang Capital Research maintained its neutral rating on the plantation sector following the sector's first on-year crude palm oil production decline since June 2017.

PARIS: France wants to cap and progressively cut palm oil imports and will propose to do so at a European level, a junior minister said on Monday, as farmers block refineries across the country in protest against use of the vegetable oil in biofuels.

PETALING JAYA: Crude palm oil (CPO) prices may have hit the bottom, as the commodity has been trending between the RM2,350 and RM2,550 per tonne range in the past six months, say analysts.

PARIS: Dozens of French farmers blocked access to 13 refineries across the country today to protest against plans to import palm oil for use in biofuels, a move they denounce as unfair competition which jeopardises their livelihood.

SINGAPORE (June 11): Crude palm oil prices may have hit a bottom, as risk seems limited after the significant decline from Feb 17, UOB Kay Hian analysts led by Leow Huey Chuen write in note.