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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Palm rallies to record high on improving Oct exports
The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed up 122 ringgit, or 2.47%, to 5,066 ringgit ($1,217.79) a tonne.
Timely to invest in mechanisation
Oil palm growers and fresh fruit bunches (FFB) producers may reap higher income as the price of CPO is expected to maintain its current bullishness amid tight edible oil supply and strong demand from consuming countries.
M’sia facing labour shortage
There are many jobs available for Malaysians as employers urgently require workers in certain critical sectors, such as manufacturing and construction, as the economy recovers from the pandemic.
EU hold talks with Indonesia over future of palm oil
EU Vice-President Frans Timmermans, who is in charge of the EU Green Deal, met with Indonesian officials with the future of palm oil exports high on the agenda.
Batik Sawit Nusantara palm wax batik presents handed over to Jokowi
Efforts to develop the downstream palm oil sector continue, with “batik sawit Nusantara†(Indonesian palm-based batik) emerging as the latest product to use palm oil products or derivatives in the manufacturing process.
Strong commodities performance boosts ringgit
Brent crude oil is currently trading at US$86 per barrel, while crude palm oil closed at an all-time high on Wednesday with the benchmark palm oil contract for January 2022 rising by RM127 to RM5,071 a tonne.
Vegetable oil production set to hit four-year high, leading to fall in prices — Oil World
KUALA LUMPUR (Oct 20): World production of four vegetable oils, namely palm oil, sunflower oil, soybean oil and rapeseed oil, is expected to increase by about seven million tonnes for the 2021/2022 period, the biggest growth in four years, according to Oil World.
CPO price likely to average at RM4,100 by year-end on tight supply
CRUDE palm oil (CPO) price is expected to average to RM4,100 per tonne by year-end from current spot price of RM5,118 due to a tight supply.
CPO futures hit all-time high of RM5,071 a tonne
KUALA LUMPUR (Oct 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high today as concerns over weak production in coming weeks continued to lift sentiment, a dealer said.
