Berita Arkib

This year could be even an even more volatile one for the palm oil industry, according to Sime Darby Oils managing director (MD) Mohd Haris Mohd Arshad.

The Oil Palm Development Association of Ghana (OPAG) has called for collective efforts from various stakeholders in the sector in its bid to improve and promote high-quality Oil Palm production in the Country.

The palm oil price outlook and its challenges in 2021-2022 will take centre stage at the two-day virtual Palm and Lauric Oils Price Outlook Conference and Exhibition (POC) 2021 starting tomorrow.

Market sentiment seems to lean towards the larger, more established palm oil companies as being the greatest beneficiaries of the crude palm oil rally.

Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week's broad sell-off, but prices stayed under pressure as new European coronavirus lockdowns made a quick recovery look less likely.

The palm oil price outlook and its challenges in 2021-2022 will take centre stage at the two-day virtual Palm and Lauric Oils Price Outlook Conference and Exhibition (POC) 2021 starting on March 23.

Vegetable oil imports are likely to be around 13.75 million tonnes (mt) during the current oil year (November 2020 to October 2021) against 13.64 mt in the previous oil year, according to Sudhakar Desai, President of Indian Vegetable Oil Producers’ Association (IVPA) and CEO of Emami Agrotech Ltd.

Malaysian palm oil futures climbed 3% on Monday, snapping a two-day decline, as an uptick in exports during March 1-20 stoked hopes for improving demand.

KUALA LUMPUR (March 19): The government is committed to legal action against the European Union (EU) over the EU’s anti-palm oil stance to protect the interests of Malaysia's palm oil industry, including the smallholders.

March 19 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in Jakarta:

KUALA LUMPUR: Malaysian palm oil futures fell to a two-week low on Friday and were set for a near 10% weekly decline, as expectations of increasing palm and rival soybean supplies weighed on prices. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 72 ringgit, or 1.9%, to 3,727 ringgit ($905.93) a tonne by the midday break, its lowest since March 5.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade higher next week as expectations of gains from exports will sustain the positive sentiment in the market.