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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
Plantation shares fall despite CPO price hitting record high
Shares of plantation companies fell today despite the price of crude palm oil (CPO) hitting a record high of RM4,399 per tonne.
Palm closes at near two-week peak on tight global edible oil supplies
Malaysian palm oil futures rose as much as 3% on Wednesday, closing at their highest in nearly two weeks on the back of strength in competing oils on the Dalian Commodity Exchange and the Chicago Board of Trade, and fears of a supply squeeze.
Palm oil neutral in 3,761-3,844 ringgit range
Palm oil looks neutral in a range of 3,761-3,844 ringgit per tonne, and an escape could suggest a direction.
SPPOMA data, stronger soybean price push CPO to close higher
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its upward momentum to end higher today driven by lower April output from the Southern Peninsula Palm Oil Millers' Association (SPPOMA).
How Indonesia plans to benefit from EFTA trade deal
The Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) was approved by the House on April 9 and has been called Indonesia’s doorway to the wider European market
World Bank hikes price forecast for vegetable oils on supply shortfall
Global vegetable oils and meals prices are expected to rise sharply in 2021, before stabilizing in 2022 due to supply shortfalls and stronger-than-expected consumption patterns, the World Bank said in its semi-annual commodity markets outlook report
Palm oil climbs 2pc
Malaysian palm oil futures jumped more than 2% on Tuesday, boosted by stronger crude and competing soyaoil prices amid reports of higher April 1-20 exports.
China’s soyabean imports from US surge in March, Brazilian imports slide
China’s March soyabean imports from Brazil plunged as rain delayed some shipments from the world’s top exporter, but US bean imports rocketed more than fourfold as delayed cargoes arrived, hitting the highest monthly total since December 2016.
Palm recoups losses on higher exports, India demand concerns weigh
The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives Exchange was up 2 ringgit, or 0.05%, at 3,712 ringgit ($902.28) a tonne by the midday break, recovering from a 0.8% drop earlier in the session.
