Berita Arkib

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 14.

A senior Sabah official’s push for a statewide implementation of the Roundtable on Sustainable Palm Oil (RSPO) certification may be backed by only a small group of people, says Malaysian Palm Oil Council (MPOC) chief executive officer Kalyana Sundram.

The Malaysian Palm Oil Board (MPOB) has targeted to raise the production of palm oil to six tonnes per hectare by increasing productivity through up-to-date technology integration, its Director-General, Datuk Dr Ahmad Kushairi Din said.

The alarming rise in the palm oil stockpile and higher production will likely exert downward pressure on crude palm oil (CPO) prices in the near term, according to analysts

Malaysian palm oil futures suffered their sharpest daily decline in over a month on Monday evening, falling for a third consecutive day as they tracked a weaker performing soyoil on the Chicago Board of Trade (CBOT).

A new species brings new pressure, writes Melanie Vivian.

Palm oil for January2018 delivery drops as much as 0.7% to RM2,778 a tonne on Bursa Malaysia Derivatives on Monday.

Malaysian palm oil futures extended declines on Monday, heading for their third straight session of falls, as it weakened in line with overnight losses in soyoil on the Chicago Board of Trade (CBOT).

England and France last month announced that they would stop sales of internal combustion engine cars in 20 years. China also announced a similar policy to take effect in 2050.

Malaysian palm oil futures ended lower on Monday in line with the weakness in soya oil due to oversupply. CBOT soya oil witnessed a third session of decline following a US Department of Agriculture crop report released last week.

Although Malaysian palm oil inventories has risen to the highest level in 21 months, a heavier-than-usual monsoon may ease the inventory, thus support the crude palm oil (CPO) prices, analysts said.

Palm oil on the European vegetable oils market mostly eased on Monday, following Malaysian palm oil futures that dipped on a strong ringgit and because of weaker rival soyoil.