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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Felda buys nearly 80 million FGV shares over four days
KUALA LUMPUR: The Federal Land Development Authority (Felda) has acquired a total of 78.15 million shares in FGV Holdings Bhd from the open market on four different days this month.
Palm oil may end drop in 3,173-3,221 ringgit range
SINGAPORE: Palm oil may end its drop in a support zone of 3,173-3,221 ringgit per tonne, and start a strong bounce thereafter.
CBOT soyabean futures fall
CHICAGO: Chicago Board of Trade soyabean futures slid on Tuesday as rains across Brazil and Argentina bolstered supply outlook from the region.
CPO prices continue downtrend as concerns about weak demand outweigh flood worries
KUALA LUMPUR (Jan 21): Palm oil prices continued to edge lower yesterday, as concerns about lower demand for the edible oil following lower export data outweigh worries about weaker supply amid torrential rains that have triggered floods in key growth areas in Malaysia.
1kg polybag cooking oil limited to three units per customer — ministry
PUTRAJAYA (Jan 20): Retailers are allowed to impose a limit on the purchase of cooking oil in 1 kilogramme polybag to three units per transaction for each customer effective Jan 19.
Fitch: Average palm oil price to hit 11-year high
FITCH Solutions Country Risk and Industry Research is expecting the average palm oil price to trade at an 11-year high of RM3,050 per tonne this year on the continuation of limited stockpile of palm oil and lower soy oil prices ahead.
US sanctions put Malaysian palm oil giants in a conundrum
LAST Thursday, crude palm oil futures breached RM4,000 per tonne for the first time since 2008. But despite this positive upward trend in prices, a cloud still hangs over the industry following another ban by the US Customs and Border Protection (CBP), this time on palm oil and products of Malaysian plantation giant Sime Darby Plantation Bhd on allegations of forced labour. The ban came into effect on Dec 30, 2020.
Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics
KUALA LUMPUR — The world’s top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market.
Palm oil may test resistance at 3,381 ringgit
SINGAPORE: Palm oil may test a resistance at 3,381 ringgit, with a good chance of breaking above this level and rising into a range of 3,426 ringgit to 3,474 ringgit per tonne.
