Berita Arkib

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Tuesday Nov 28.

Malaysian palm oil futures fell to a four-month low on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

The palm oil third month contract still targets a range of 2,519-2,555 ringgit per tonne, as suggested by its wave pattern, a projection analysis and a trendline.

Wilmar International has become the first company in Asia as well as in the palm oil industry to take a loan with interest rate pegged to its sustainability efforts.

Malaysian palm oil futures fell to their lowest in a week during early trade on Monday, tracking softer edible oils on the Chicago Board of Trade and China's Dalian Commodity Exchange.

`Greenpeace slammed Indonesia's palm oil industry Monday for failing to live up to a pledge to halt deforestation, as the lucrative sector faces possible restrictions in Europe over environmental concerns.

An industry association has called on Netherlands-based KLM Royal Dutch Airlines to remove a statement in its inflight magazine that requires its suppliers to "avoid using palm oil in their products."

The government is planting oil palm trees to replace old ones on 9,109.29 hectares of plantations owned by local growers in North Sumatra to help increase the productivity of the plantations.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Nov 27.

Malaysia is currently hot on its heels to block the discriminatory European Union (EU) resolutions on palm oil prior to its full enforcement.

Cardamom prices fell 2.81 per cent to Rs 1,009 per kg in futures trade today as speculators reduced positions amid low demand.

Collectively the global palm oil market’s value is projected to expand continually from US$ 65.7 billion up to US$ 92.8 billion by the year 2021.