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MARKET DEVELOPMENT
30-03-2023

VEGOILS-Palm climbs for third day to one-week peak on output worries

29/03/2023 (Nasdaq), Kuala Lumpur - Malaysian palm futures reversed early gains on Wednesday in anticipation of tightening production, although the rise was capped by a report highlighting the vegetable oil's fading premium against rival oils.

MARKET DEVELOPMENT
30-03-2023

Record high deforestation hits Sumatra’s ‘orangutan capital’ as palm oil industry expands

28/03/2023 (Eco-Business) - Deforestation associated with oil palm cultivation has declined in recent years in Indonesia, but in a biodiversity haven at the northern tip of Sumatra, the forest is being cleared at record pace, a report shows.

OILS & FATS
29-03-2023

VEGOILS-Palm oil ticks down after 2-day rally, but output concerns limit losses

KUALA LUMPUR, March 29 (Reuters) - Malaysian palm oil futures slipped on Wednesday after a two-day climb, although expectations of slowing production and strong demand during the Ramadan festival limited losses.

OILS & FATS
29-03-2023

Palm oil gains 3pc, hits one-week closing high

SINGAPORE: Malaysian palm oil futures rose more than 3% on Tuesday to their highest closing in one week, tracking strength in rival edible oils and on expectations of tightening supply.

MARKET DEVELOPMENT
29-03-2023

United Malacca to ride on stable CPO prices

PETALING JAYA: Better palm oil harvests and rising global biofuel demand are expected to keep crude palm oil (CPO) prices stable in the medium term, which bodes well for United Malacca Bhd (UMB), say analysts.

MARKET DEVELOPMENT
29-03-2023

Funds cut bullish CBOT soy and meal bets ahead of last week’s price plunge -Braun

Speculators last week ended their record selling streak in Chicago-traded corn, but they posted a second consecutive week of heavier selling in soybean meal and, to a lesser extent, soybeans.

OILS & FATS
29-03-2023

Palm oil's premium to be short lived, to fade with Indonesian supply

MUMBAI, March 28 (Reuters) - Palm oil's rare premium over rival rapeseed oil and sunflower oil is likely to be short-lived and it should start trading at a discount once top producer Indonesia eases export curbs after Ramadan, industry participants told Reuters.

MARKET DEVELOPMENT
29-03-2023

Palm snaps seven-day decline on exports surge

Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains.

MARKET DEVELOPMENT
29-03-2023

CPO showing tied to US dollar movement

PETALING JAYA: Crude palm oil (CPO) may be susceptible to a shortage in the US dollars globally if the US banking crisis uncertainty prolongs, says Maybank Investment Bank (Maybank IB) Research.

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PALM NEWS MALAYSIAN PALM OIL BOARD Saturday, 30 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Saturday, 30 Nov 2024

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