Berita Arkib

Edible oils market ruled weak on lack of demand, bearish futures amid weak rupee making import costly

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday May 21.

Indonesia is world’s largest palm oil producer and exporter by a mile today. The Southeast Asian country produces 36 million metric tonnes (MT) of palm oil annually, followed by Malaysia, with 21 million MT

The world’s biggest oilseed processor confirmed one of the soybean market’s biggest fears: China has essentially stopped buying United States supplies amid the brewing trade war, according to a report from Bloomberg Business.

Malaysian palm oil futures ended the week trading to the highest in more than five weeks, attributed to gains in related edible oils and crude oil while underpinned by a weaker ringgit despite setbacks from weaker export data.

KUALA LUMPUR: Malaysian palm oil futures rose as much as 1 per cent on Friday to their highest in more than five weeks, tracking gains in related edible oils and crude oil, while a weaker ringgit also lent support.

KUALA LUMPUR: Malaysian palm oil futures recovered from a one-week low on Thursday and ended trading higher on the back of bargain-buying and a weaker ringgit , its currency of trade.

KUALA LUMPUR (May 17): Malaysian palm oil futures recovered from a one-week low on Thursday and ended trading higher on the back of bargain-buying and a weaker ringgit, its currency of trade.

Chinese-backed Asia Pacific Exchange Pte said it will start trading in Singapore on May 25, the latest foray into overseas trading venues by mainland investors.

Engineers at the University of Nottingham Malaysia have developed new technology to help the global palm oil processing industry reduce CO2 emissions and create renewable energy from its waste.

New Delhi, May 17 Crude palm oil prices fell 0.43 per cent to Rs 646.60 per 10 kg in futures trade today as speculators cut bets, taking negative cues from spot market on easing demand.

KUALA LUMPUR (May 16): Malaysian palm oil futures edged down on Wednesday, their first decline in three days, tracking weaker related oils and due to slowing export demand.