Berita Arkib

WTI Crude prices traded from US$60 to US$64 per barrel in a narrow range. We retain our view on the trend outlook. However, be cautious if the trend breaks beyond either direction

The Ministry of Plantation Industries and Commodities (MPIC), through the Malaysian Palm Oil Board (MPOB), is in the midst of producing a new variety of oil palm tree that will grow up to 20ft only to facilitate crop harvesting.

Indonesia's food and beverage industry, particularly palm oil, has contributed significantly to the country's exports, in addition to base metal industry and chemical product and chemical industry.

As part of this, the government has decided to distribute free rations of wheat to 80 crore vulnerable families during May and June. This is a welcome step as it comes at a time when the nation is facing the second wave of Covid-19 infections and reverse migration of people from cities to their villages has commenced.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to undergo a technical correction next week as demand takes a hit based on supply and demand estimates.

Traders who increase the price of goods indiscriminately have been warned of facing stern action under the Price Control and Anti-Profiteering Act (AKHAP) 2011.

Countries get an early start on banning biofuel made from palm oil; in one case, the restrictions also include soybeans

Palm oil may test a support at 3,844 ringgit per tonne, a break below which could cause a fall to 3,761 ringgit.

After lower production and tight inventory fueled a 10-month rally in prices of palm, soy, rape and sunflower oils, industry watchers expected prices to cool by March -- seasonally the time when production of palm and soybean oils picks up.

CBOT May wheat is poised to break a resistance at $6.79-1/4 per bushel and rise to $6.93.

Brent oil may fall to $63.84, as it has cleared a support at $65.46 per barrel.

Malaysia’s crude palm oil (CPO) price stood at RM4,306.50 per tonne on April 21, surpassing the previous peak of RM4,270 per tonne recorded on April 9, 2021, the Malaysian Palm Oil Board (MPOB) said.