Berita Arkib

Crop-friendly weather over the last few months in top palm oil producers Indonesia and Malaysia will help drive up output of the edible oil, traders and industry players said, underscoring forecasts of record production for 2019.

China is bumping up its palm oil purchase from Malaysia by around 50% to around 4.7 million tonnes, which will be a huge boost to local planters and the government, which has been struggling with high stock piles.

It is only March but local equity analysts have already slashed their full-year profit forecast after Corporate Malaysia delivered yet another disappointing quarter.

Malaysia’s exports in January rose at a faster-than-expected pace of 3.1% year-on-year (y-o-y) to RM85.4bil, underpinned by expansion in exports to China, Thailand and South Korea, compared with a Bloomberg survey of a 0.6% contraction.

The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday March 4.

World palm oil demand may suffer its first contraction in two decades during the 2019/20 crop year due to rising domestic oilseed supplies in top buyer India and slowing demand in Europe and China, industry participants told Reuters.

Many Malaysians use palm oil daily without realising its remarkable features.

A Sabah woman who broke the male domain in crude palm oil (CPO) mills is continuing to build a “niche” for herself in the industry.

Oil prices firmed on Monday as the United States and China were reported to be close to signing a trade deal, ending a tit-for-tat tariff row that has roiled financial markets and clouded the outlook for the global economy.

Following are five big themes likely to dominate thinking of investors and traders this week.

Plans to increase the use of palm-based biodiesel, production growth, trade talks and Europe’s unfriendly policies will be the key points to watch as some of the world’s most influential palm oil traders, analysts and executives from over 50 countries gather in Kuala Lumpur this week

Malaysian palm oil futures gained more than 3 per cent at the close of trade on Friday, snapping five previous losing sessions, supported by short covering and forecasts of falling February production versus the previous month. Strength in related edible oils and a weaker ringgit had also added to palm’s gains earlier in the day.