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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
India switches to sunflower oil as palm oil imports fall on soaring prices
Palm oil has soared more than 50% since middle of July on concerns about falling output & growing demand for biofuel, making shipments expensive.
Palm oil purchases by China, Pakistan fail to mitigate lower Indian demand
Stronger demand from China and Pakistan for Malaysian palm oil last month failed to fully offset the decline in demand from India and other markets such as the US, an analyst said.
Malaysian palm oil futures gain
Malaysian palm oil futures traded higher on Thursday with prices underpinned by concerns over tightening supplies and slowing demand.
India expected to buy more Malaysian palm oil
India is expected to buy more Malaysian palm oil in the near term after its import contracted by 60 per cent in October following its import tax hike on refined palm oil from Malaysia.
Eye-watering palm oil price sees India switch to sunflower oil
Palm oil’s searing rally likely forced many buyers from India to the sidelines in November, with purchases by the world’s biggest importer dropping to a five-month low
Trade chief vows 2020 FTA progress
Thailand's trade negotiation chief vows next year will see the signing of the Regional Comprehensive Economic Partnership (RCEP), the wrapping up of free trade agreement (FTA) negotiations with Turkey, and opening FTA talks with the EU and the UK.
Investor interest fuels agribusiness counters
Investors continued to rotate into plantation stocks on the back of rising crude palm oil prices and falling inventory levels, which have seen the sector outperforming the broader market in recent weeks.
RHB IB ups target price for FGV to RM1.65, expects better earnings from higher CPO prices
RHB Investment Bank Bhd (RHB IB) has maintained its "trading buy" call on FGV Holdings Bhd at RM1.42 with a higher target price (TP) of RM1.65 (from RM1.55), and said it anticipated earnings to continue improving on the back of higher crude palm oil (CPO) prices and lower unit costs.
