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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 to retest resistance at 4,010 ringgit
SINGAPORE: Palm oil is expected to retest a resistance at 4,010 ringgit per tonne, a break above which could lead to a gain to 4,132 ringgit.
MPOB invents efficient, cost effective loose fruit collecting machine
KUCHING: A group of researchers at the Malaysian Palm Oil Board (MPOB), led by Mohd Ramdhan Mohd Khalid have invented an efficient and cost-effective oil palm loose fruit collecting machine.
VEGOILS-Palm oil declines 2% ahead of nationwide lockdown in Malaysia
KUALA LUMPUR, May 31 - Malaysian palm oil futures fell 2% on Monday, as the world's second largest producer of the edible oil prepared for a two-week nationwide lockdown due to a spike in new coronavirus infections.
Egypt raises price of subsidised vegetable oil as commodity markets surge
CAIRO, May 30 (Reuters) - Egypt has raised the price of subsidised vegetable oils by 23.5% to 21 Egyptian pounds ($1.34) per one litre bottle effective June 1 following a jump in raw material costsglobally, the Supply Ministry said on Sunday.
Sabah leads in sustainable oil palm
Sabah, Malaysia’s biggest palm oil-producing State with a total planted area exceeding 1.35 million hectares, is taking the necessary measures to position itself as a global leader in sustainable palm oil production.
Ta Ann to ride on higher CPO prices
TA ANN Holdings Bhd is expected to post strong earnings, driven by economic recovery in its key timber export markets and uptrend in crude palm oil (CPO) prices, which continue to be a boon for its plantation segment.
VEGOILS-Palm oil jumps over 2% on U.S. soybeans rally
Malaysian palm oil futures reversed losses incurred in the previous session and jumped over 2% on Friday, as the contract tracked gains in rival soybeans on the Chicago Board of Trade (CBOT).
Higher CPO prices drive Boustead Plantations’ profitability
BOUSTEAD Plantations Bhd recorded a net profit of RM12.26 million in the first quarter ended March 31, 2021 (1Q21), from a net loss of RM9.55 million in 1Q20.
Why edible oil prices have surged to their highest in a decade
Prices of edible oils such as mustard, vanaspati, soya, palm, sunflower, and groundnut are more than their highest in a decade.
