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Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Malaysia plans phased expansion of biodiesel programme, minister says
EU palm-oil ban hits Asean
Since coming to office, Malaysia’s new prime minister Mahathir Mohamad has been impressively active, regardless of the fact that he is the world’s oldest head of government at 92.
Bilateral trade between Malaysia, China to exceed US$100b
KUALA LUMPUR: Bilateral trade between Malaysia and China is expected to exceed US$100 billion (RM399.75 billion) this year, higher than the US$96 billion chalked up in 2017, said China's ambassador to Malaysia, Bai Tian.
Najib wants govt action on palm oil prices
PEKAN: Former Prime Minister Datuk Seri Najib Razak has urged the government to take steps to resolve the price and demand of palm oil immediately.
EU to phase out palm oil from transport fuel by 2030
BRUSSELS (June 14): EU negotiators on Thursday agreed to phase out the use of palm oil in transport fuels from 2030, setting up a clash with producer countries such as Malaysia and Indonesia.
Palm oil may revisit June 13 low of RM2,300
SINGAPORE (June 18): Palm oil may revisit its June 13 low of RM2,300 per tonne, as a bounce from this level could have completed.
Palm oil futures test support levels
Malaysian palm oil futures, which ended lower on Monday, saw their sharpest decline in a week at the close of trade , on the back of weaker export demand and a fall in crude oil prices. Palm oil prices are impacted by movements in the energy market, as it is used as feedstock to make biodiesel. Oil prices fell on Monday after China threatened duties on American crude imports and ahead of an OPEC meeting, though US Brent crude recovered its losses to gain later in the day. India last week raised import taxes on crude and refined soyoil, sunflower oil and canola oil to the highest level in over a decade in a bid to support local farmers. The hike is expected to increase palm oil demand in the coming months by making it more competitive and level playing field in the Indian market. Malaysian shipments of the edible oil in the first half of June declined 7.2 percent versus the corresponding period in May, inspection company AmSpec Agri Malaysia said on Monday. Cargo surveyor Societe Generale de Surveillance reported on Monday evening that Malaysian palm oil exports declined 9.6 percent in the same duration.
Malaysia’s economy more diversified than thought
PETALING JAYA: Malaysia’s economy is much more diversified today contrary to the common view that that the country is reliant on commodities, said Standard Chartered Global Research.
Malaysian palm oil/Vegoils: Market factors to watch Wednesday June 13
The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday June 13.
Malaysian palm price oil hits 5-week low on lean demand
Malaysian palm oil futures extended losses to a five-week low on Tuesday, weighed down by the government's decision to maintain export tax for July and on lacklustre demand.
