Berita Arkib

Malaysian palm oil futures closed higher on Wednesday, supported by gains in rival soyoil in Dalian and Chicago markets and a weaker ringgit.

Malaysian palm oil futures recovered on Wednesday after losses in the previous session, supported by gains in rival soyoil in Dalian and Chicago markets and higher crude prices.

Indian refiners cancelled orders for 65,000 metric tons of crude palm oil (CPO) scheduled for delivery from July to September following a sudden surge in benchmark Malaysian prices, four trade sources told Reuters

Palm oil jumped above 4,000 ringgit (the main currency for palm oil trading), tracking a rise in soybean oil prices, which have surged on Washington’s proposal to allow refineries to produce and blend record amounts of biofuel into gasoline and diesel next year.

Agribusiness giant Wilmar Group said on June 17 it had handed over 11.8 trillion rupiah (S$927 million) to Indonesia’s Attorney-General’s Office as a “security deposit” in relation to a case in court about alleged misconduct in obtaining palm oil export permits.

Palm oil stocks in Malaysia jumped to their highest level in eight months in May as a surge in production and imports countered exports, which rose to their highest in six months, according to Malaysian Palm Oil Board (MPOB) data

Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies.

The impact goes beyond cooking oil shortages—key industries like food, tourism, and manufacturing are also feeling the pressure, making it harder for the country to recover from its recent economic crisis.

Food company Wilmar Group (WLIL.SI), opens new tab said on Tuesday it had handed over 11.8 trillion rupiah ($725 million) to Indonesia's Attorney General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits

Malaysian palm oil futures fell on Tuesday, snapping three straight sessions of gains, dragged down by a decline in rival soyoil in the Chicago market as well as profit-taking actions.

This was the third consecutive month of stockpiles, driven by a surge in production and imports that outpaced exports, which also hit a six-month high. Crude palm oil (CPO) production rose 5.05% to 1.77 million tonnes in May, while exports rose 25.6% to 1.39 million tonnes

Ukrainian soybean and rapeseed processing plants are underutilized by 35%, but if these capacities are used, Ukraine will receive an additional UAH 7.3 billion in revenues to the state budget to finance the Armed Forces of Ukraine, an increase of $238 million in foreign exchange earnings, the construction of dozens of plants, and thousands of new jobs