Berita Arkib

SINGAPORE, June 19 (Reuters) - Palm oil Sept. contract faces a resistance at 2,498 ringgit per tonne, it may hover below this level or retrace towards a support 2,441 ringgit.

Indonesia's palm oil stockpiles likely fell in May as exports increased because of higher consumer demand ahead of the start of the Islamic holy month of Ramadan, a Reuters survey showed

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday June 19.

The move may make Norway the world’s first country to ban government purchasing of palm oil biofuel. The resolution further stipulates that the regulatory amendment shall enter into force as soon as possible.

Palm oil on the European vegetable oils market was mostly higher on Thursday on a stronger ringgit and tracking firmer Malaysian palm oil futures on concerns over production.

A little over a month ago, Indonesia’s Environment and Forestry Ministry sought to extend a moratorium on issuing new licenses for using forest and peatland in the country for two years.

KUALA LUMPUR: Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports.

Palm oil prices could come under further pressure in June as weakening export demand outweighs an expected drop in production during the Ramadan and the Eid-Al-Fitr holiday period.

Corn and soybean export sales increased in the latest week but matched trade forecasts and topped the paces needed to meet the U.S. Department of Agriculture’s annual forecasts.

Continuing its losing streak for the third day, crude palm oil prices fell by 0.45 per cent to Rs 486.50 per 10 kg in futures trading today as speculators engaged in reducing positions, triggered by easing demand in the spot market.

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 16.

14/06/2017 (The Star Online) - PUTRAJAYA: Malaysia initiated a special palm oil mission to the European Parliament in Strasbourg, France, on June 12-13 to discuss the European Union's (EU) resolution on palm oil and deforestation.