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CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
VEGOILS Palm oil hits record high on Indonesia policy, energy prices
Malaysian palm oil futures extended gains to a third session on Thursday, as top producer Indonesia imposed mandatory domestic sales and high energy rates boosted prices of the vegetable oil.
Red-Hot Rally in Palm Oil Reveals Dirty Jobs That No One Wants
Oil palm planters in Malaysia are confronting a hard truth -- behind the red-hot rally in prices are thousands of jobs that nobody wants.
Palm oil may test resistance at 5,484 ringgit
Palm oil may test a resistance at 5,484 ringgit per tonne, a break above could lead to a gain into 5,558-5,608 ringgit range.
Palm oil closes higher as supply concerns linger
Malaysian palm oil futures rose for a second straight session on Wednesday, supported by concerns over lower production and stronger rival oils.
Palm oil may revisit Tuesday low of 5,202 ringgit
SINGAPORE: Palm oil may revisit its Tuesday low of 5,202 ringgit per tonne, as a correction triggered by the resistance at 5,366 ringgit looks incomplete.
MPOC expects Indian demand for palm oil to moderate in 2022, says RHB IB Research
RHB Investment Bank Bhd has maintained its “Underweight†on the plantation sector and said the Malaysian Palm Oil Council (MPOC) expects Indian demand for palm oil to moderate in 2022, on the back of the prevailing high prices, higher domestic production and the current import duties, which favour soybean oil.
Indian demand for Malaysian palm oil to moderate in 2022 from higher prices, domestic production: RHB
This is due to the currently high CPO prices and India's higher oilseed production with a 10-15 per cent growth in rapeseed oil inhibiting demand, as well as current import duty structure favouring crude soya bean oil (SBO), which is currently around the same price as CPO, the brokerage added.
Minister vows to tackle high palm oil prices
Commerce Minister Jurin Laksanawisit has pledged to tackle high palm oil prices this week after cooking oil prices jumped to nearly 70 baht per bottle from 56-60 baht at the end of last year.
Soybeans hit 7-month peak on oil strength, palm oil high
U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices.
