Berita Arkib

Malaysian palm oil futures recouped early losses on Tuesday supported by the prospect of a lower-than-expected fall in exports between April 1-15, although concerns over rising stockpiles due to slowing demand capped gains.

a few news reports in a couple of international media recently about a startup based in New York that is ready to go big in producing synthetic palm oil as an alternative to natural palm oil

Global oil-producing nations are expected to reduce production by as much as 19.5 million barrels per day, but those cuts are being implemented slowly and in some cases will not start for weeks

Canadian canola futures fell on Monday, caught up in broad sell-off in global vegetable oil markets, traders said.

Chicago soybean futures slid lower on Tuesday as fears of demand destruction for livestock feed due the closure of several U.S. meat packing plants hung over the market.

Chicago Board of Trade soyabean futures dropped on Monday as concerns about livestock feed demand dragged down soyameal futures prices, traders said.

Thailand is maintaining exports of rubber products and processed rubber as global demand surges, particularly for rubber products relating to virus protection such as rubber gloves and synthetic rubber used to make such gloves.

China, Japan and South Korea should work together to lift all barriers to prevent the collapse of supply chains, restore intraregional tourism and revive cross-border investments.

Malaysian palm oil futures edged down on Tuesday, weighed by concerns over rising stockpiles as global demand slows due to the coronavirus pandemic.

Malaysian palm oil futures dipped on Tuesday as concerns rose over rising stockpiles amid the coronavirus outbreak curbing global demand, but losses were limited by prospects of exports resuming to India.

This comes as March 2020’s closing inventory declined 40.8 per cent year on year (y-o-y) primarily due to lower opening stock (minus 44.4 per cent y-o-y) and lower output levels (minus 16.4 per cent y-o-y).

Analysts expect crude palm oil (CPO) prices to average between RM2,200 and RM2,450 per tonne this year as supply will likely exceed demand given the Covid-19 led disruptions affecting major export markets.