Berita Arkib

SINGAPORE: Malaysian palm oil futures closed slightly lower on Monday as the ringgit crept higher, though gains in rival oils minimised losses.

As per Commerce Ministry data, India’s vegetable oil imports were valued at Rs 69,023.79 cr in 2018-19 and Rs 27,972.27 cr during April-August 2019.

High demand by consumers has pushed up the price of Malaysian crude palm oil by 68.9 per cent within the last three months.

KUALA LUMPUR (Reuters): Prime Minister Dr Mahathir Mohamad said on Monday (Oct 21) his exports-reliant country could be hit with trade sanctions amid rising protectionism highlighted by the US-China tariff war.

KUALA LUMPUR: Given the strong bilateral trade relationship with India, the Malaysian Palm Oil Association (MPOA) is of the view that business will be as usual for both countries despite news that India is considering curbing imports of some Malaysian products, including palm oil.

PETALING JAYA: Economists are proposing that Malaysia mount an aggressive campaign to highlight the benefits of palm oil to woo new markets in the event India decides to boycott Malaysian palm oil in a row sparked by criticisms of its actions in Kashmir.

COMMENT | Prime Minister Narendra Modi ought to be congratulated for winning handsomely in his May 2018 re-election campaign. But the plaudits, for now, stop there.

Indonesia’s palm oil output likely slipped in August from a month earlier, while exports were seen about 7% higher, a Reuters survey showed.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower at between RM2,080 and RM2,100 per tonne next week, amid fears of import curbs by India.

SINGAPORE: Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India.

Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains

Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.