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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 oil hits over 5-week low
Malaysian palm oil futures dropped nearly 5% to a more than five-week low on Wednesday, dragged down by expectations of rising palm oil supply and lower partial export data estimates.
Only 163 cooking oil items are controlled
AN INSPECTION conducted by the Ministry of Domestic Trade and Consumer Affairs (KPDNHEP) revealed that only 163 out of 166 cooking oil items have maintained their prices while the profit margin remains consistent.
Mills crucial for future profits
The future profitability of FGV Holdings Bhd milling division will hinge on the spot crude palm oil (CPO) price premium against CPO future prices, as well as the oil extraction rate (OER) of its mills.
Bursa Malaysia opens higher
Bursa Malaysia opened higher today, rebounding from yesterday’s downtrend following the government’s announcement on vaccinations for workers in the critical economic sectors under phase four of the National Covid-19 Immunisation Programme.
US MIDDAY: Soyabeans fall, corn up
US soyabean futures dropped 1.1% on Wednesday on a round of profit-taking after rallying on Tuesday, traders said.
Malaysian May palm oil stocks to hit 8-month high as exports stall: survey
Malaysia's palm oil ending stocks could exceed 1.6 million mt in May, which would represent the highest level since September, as a pandemic-led slowdown in India and the arrival of new Brazilian soybeans into China dampened exports in the second half of the month, according to a survey conducted by S&P Global Platts.
Malaysia's palm oil giant KLK makes takeover offer for IJM Plantations
Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has made an offer to buy IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit, IJM Corp said on Wednesday.
Palm oil may test resistance at 4,010 ringgit
Palm oil may test a resistance at 4,010 ringgit per tonne, a break above which could lead to a gain to 4,282 ringgit.
Edible oil prices rise: Factors at play and how govt action is impacting it, explained
The price of edible oil rose to 10-year highs in May 2021 as the monthly average retail price of cooking oils surged over 60 percent in a year, further troubling the consumers already reeling under the economic and health distress following the coronavirus outbreak.
