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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
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
Malaysia’s Producer Price Index up 11.7pc in July on stronger crude and palm oil prices
KUALA LUMPUR, Aug 26 — The Producer Price Index (PPI), which measures the cost of goods at the factory gate that are produced locally, has continued to remain high in Malaysia for July with a 11.7 per cent year-on-year growth, largely due to the higher prices of commodities such as crude and palm oil, official statistics today showed.
Palm oil may test resistance at 4,405 ringgit
SINGAPORE: Palm oil may test a resistance at 4,405 ringgit per tonne, a break above which could lead to a gain into a range of 4,464-4,560 ringgit.
PPI for local production up 11.7% in July
PETALING JAYA: Malaysia’s Producer Price Index (PPI) for local production increased 11.7% year-on-year (y-o-y) in July 2021, mainly supported by prices of primary commodities, namely, crude oil (64.4%), fresh fruit bunches (FFB) (57.3%) and crude palm oil (42.7%).
CPO output to rise steadily
THE Covid-19 pandemic poses a global threat, disrupting lives and affecting economic growth.
Malaysia's Aug 1-25 palm oil exports fall 12.3% — AmSpec Agri
KUALA LUMPUR (Aug 25): Exports of Malaysian palm oil products for Aug 1-25 fell 12.27% to 988,809 tonnes, from 1,127,146 tonnes shipped during July 1-25, according to independent inspection company AmSpec Agri Malaysia on Wednesday.
TH Plantations 2Q net profit jumps 226% on higher CPO prices
KUALA LUMPUR (Aug 25): TH Plantations Bhd’s net profit for the second quarter ended June 30, 2021 (2QFY21) surged 255.6% to RM26.57 million from RM8.16 million a year ago, as it recorded stronger revenue, amid higher average realised prices of crude palm oil (CPO), palm kernel (PK) and fresh fruit bunch (FFB), despite lower sales volume for both CPO and PK.
Palm oil gains over 1pc
KUALA LUMPUR: Malaysian palm oil futures extended early gains on Wednesday, as the market shrugged off a plunge in August exports and focused on the outlook for tight supply in global edible oils due to hot weather in soybean producers South America and the US
Palm oil may test resistance at 4,358 ringgit
SINGAPORE: Palm oil may test a resistance at 4,358 ringgit per tonne, a break above could lead to a gain into a range of 4,405 ringgit to 4,464 ringgit.
Government urged to exempt palm oil from 50% benchmark policy
The Oil Palm Development Association of Ghana (OPDAG), representing the entire palm oil value chain actors in Ghana, has appealed to the government to exempt palm oil from the implementation of the 50 per cent benchmark value Policy.
