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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Asian buyers turn to U.S. oil amid uncertain flows from OPEC
Refiners in the top crude-importing region have been forced to accept big reductions in their regular contracted volumes from producers including Saudi Arabia and Iraq in the past couple of months
FGV to dispose of RM150m worth of assets
FGV Holdings Bhd will sell another RM150 million worth of non-core assets this year including the on going sale of Asian Plantations Ltd and Trurich Resources Sdn Bhd.
Trade pacts under lens as India seeks to check Chinese imports
India is looking to plug loopholes as it seeks to reduce import dependence on China. The routing of Chinese goods to India through their common trade partners, inversion in duty structures and the exploitation of ambiguities in origin rules have all come under the government’s scanner, said people with knowledge of the matter.
Bursa Malaysia opens lower but rebounds thereafter
Bursa Malaysia opened lower but rebounded thereafter, with the key index trading above the 1,500-level supported by continuous buying in plantation and healthcare counters.
Market players’ stock price predictions show that uncertainty lingers
According to market players’ projections, the benchmark Jakarta Composite Index (JCI) will likely end the year at between 5,000 and 5,500, a wide range that shows how difficult it has been to predict market movements as pandemic-related risks will likely continue to create volatility.
No Losses from Bioenergy
For the sake of B30 project, the government is to inject Rp2.78 trillion into the Oil Palm Plantation Fund Management Agency. Most of these management funds will go to large companies.
CPO futures to trade higher next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade higher next week, in sync with increased export data, a projected stronger Dalian Commodity Exchange performance, recovery in equity markets, and sustained gains in Brent crude oil price.
Oil palm smallholders suffer from falling prices, pandemic restrictions
Oil palm smallholders have suffered losses during the ongoing health crisis from the falling price of fresh fruit bunches (FFB) and pandemic-related restrictions, a farmers’ union has said.
Palm trades edge higher tracking rival oils
SINGAPORE (June 18): Malaysian palm oil futures rose for a third straight session on Thursday as rival oils gained, although fears of another wave of coronavirus infections and higher production capped gains.
