PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  24-05-2023

Palm oil may retest resistance at 3,498 ringgit

23/05/2023 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,498 ringgit per tonne, a break above which could lead to a gain to 3,563 ringgit.

OILS & FATS  
  24-05-2023

4,400kg of subsidised cooking oil seized in Sandakan

23/05/2023 (New Straits Times), Sandakan - The Domestic Trade and Cost of Living Ministry busted a subsidised cooking oil syndicate following the seizure of 4,400 kilogrammes of the oil in a raid at Batu 9, near here, yesterday.

MARKET DEVELOPMENT  
  24-05-2023

Marine cops foil cooking oil, fuel smuggling bid in Semporna

23/05/2023 (The Star Online), Kota Kinabalu - The marine police foiled an attempt to smuggle out over 1,000kg of subsidised cooking oil and petrol by three men to the Philippines in Sabah’s east coast Semporna district.

MARKET DEVELOPMENT  
  23-05-2023

Palm oil ends lower

23/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Monday, down for a fifth session in six, as subdued demand, rising production, and losses in rival edible oils weighed on the market.

MARKET DEVELOPMENT  
  23-05-2023

Fitch group research house sees further downside ahead for palm oil prices in Malaysia

22/05/2023 (New Straits Times), Kuala Lumpur - BMI Industry Research, a Fitch Solutions unit, today projected further downside ahead for palm oil prices in the country before a slight recovery in the second half, reported Xinhua.

MARKET DEVELOPMENT  
  23-05-2023

TSH Resources optimistic about 2023 performance

22/05/2023 (The Star Online), Kuala Lumpur - TSH Resources Bhd is optimistic of achieving satisfactory performance for the year 2023.

MARKET DEVELOPMENT  
  23-05-2023

CPO price to rise in 2024, as El Nino reduces output

22/05/2023 (New Straits Times), Kuala Lumpur - Affin Hwang Investment Bank Bhd forecasted a rise in crude palm oil (CPO) prices, particularly in 2024, since the output will be hampered by the climatic phenomenon of El Nino.

MARKET DEVELOPMENT  
  23-05-2023

Palm oil drops on losses in rival cooking oils and poor demand

22/05/2023 (The Malaysian Reserve) - Palm oil tumbled in Kuala Lumpur, dragged down by losses in competing cooking oils as well as weaker-than-expected demand from key buyers.

MARKET DEVELOPMENT  
  23-05-2023

VEGOILS-Palm oil tumbles over 2% on lacklustre demand, higher output fears

22/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures slipped more than 2% on Monday, surrendering the previous session's gains, as subdued demand, rising production, and losses in rival edible oils weighed on the market.

MARKET DEVELOPMENT  
  23-05-2023

BMI: CPO futures to average at RM3,800 per tonne this year

22/05/2023 (Malay Mail), Kuala Lumpur - BMI, a Fitch Solutions company, is maintaining its view that the average crude palm oil (CPO) third-month futures prices will trade at a mean value of RM3,800 per tonne through 2023.

MARKET DEVELOPMENT  
  23-05-2023

Palm oil ends lower on lacklustre demand, higher output fears

22/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Monday, down for a fifth session in six, as subdued demand, rising production, and losses in rival edible oils weighed on the market.

OILS & FATS  
  22-05-2023

Palm oil gains on renewed Chinese buying

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday, lifted by renewed buying by key importer China, even as prices clocked their first weekly drop in three.