|
CPO prices to consolidate at RM4,000 to RM4,300
Mixed forecasts for palm oil at POC2026
CPO FUTURES CLOSE LOWER ONSTRONGER RINGGIT, CONCERNS OVERWEAK DEMAND
Palm oil ends lower after MPOB’s data release
Palm oil surges to new high on supply woes
27/12/2007 (The Economic Times), Kuala Lumpur - Malaysian palm oil surged to a record high on Wednesday, gaining close to 2%, as surging demand for food and fuel amid fears of falling production raised concerns about the supply outlook next year. And traders said prices of palm oil, used in products ranging from cosmetics and confectionaries to biodiesel, could rise further eary next year as fears of reduced soya plantings in the United States lift soybean prices to 34-year highs.
10,000 tonnes palm oil imported from Malaysia
27/12/2007 (The News International, Pakistan), Islamabad - Pakistan imported 100,000 tonnes palm oil till Dec 25 and emerged the third largest importer of the commodity.
CPO futures hit month’s high of RM3,030
25/12/2007 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures prices climbed to their highest in a month, supported by high global crude oil prices of above US$93 a barrel and rising wheat prices, which is expected to take acreage away from soybean farmers in the United States.
Vegetable oil prices surge to new high
26/12/2007 (Energy Current) - Palm and soybean oil prices surged to new record highs over the Christmas holidays in Malaysia and Chicago as surging demand for the use of vegetable oils in food and fuel outstrips demand, according to media reports. Palm oil for March contract was trading at MYR 3,080 (US$923.40) on the Bursa Malaysia Derivatives Exchange before sliding to MYR 3,078 (US$922.80) by noon on Dec. 25, surpassing the previous high of MYR 3,068 (US$919.80) in November. The record surge in palm oil prices is backed by a growing demand of the use of the vegetable in products ranging from cosmetics and confectionaries to biodiesel along with supply crunch from recent floods in Malaysia.
Palm Oil Gains to Record on Demand for Food, Fuel
26/12/2006 (Bloomberg) - Palm oil prices in Malaysia, the global benchmark, rose to a record today as global demand for vegetable oils for food and alternative fuel outstrips supply.
Malaysian CPO futures at fresh record on speculative buying
25/12/2007 (Forbes), Kuala Lumpur - Malaysian crude palm oil (CPO) futures contracts traded on the Malaysian derivatives exchange were at a fresh record Wednesday, supported by high oil and soybean prices, and speculative buying on concerns recent floods may have hurt CPO production.
No relief in sight on vegoil price front
25/12/2007 (The Hindu Business Line), Mumbai - The new year is unlikely to bring any respite from high prices of vegetable oil. If anything, the upside risk to prices even from the current strong levels is high. Developments in the US, world’s largest producer of soyabean, will be keenly watched.
Palm oil up 1.3pc on tight supply
25/12/2007 (The News, Pakistan), Kuala Lumpur - Malaysian crude palm oil futures rose further on Monday, gaining 1.3 per cent as higher prices of rival soybean oil and lower supplies from plantations hit by floods boosted the market.
Cameroon: Palm Oil Price Rises As Scarcity Escalates
20/12/2007 (All Africa.com) - As Christmas approaches the prices of essential commodities have been steadily rising with palm oil hitting the high mark of FCFA 900 a litre, while a 20-littre jerry can is selling at FCFA 17.000, up from FCFA 12.000.
