NEWS FEED
  • 14 December, 2017
    Heavy palm oil stocks overshadow tightening in vegoil markets: Braun
    Malaysian palm oil stocks have hit a two-year high, up 50 percent over last year on back-to-back months of near-record production and a slowdown in exports. Meanwhile, global inventories of other vegoils, particularly soybean oil, are likely to drop to multiyear lows in 2018.
  • 14 December, 2017
    Can Malaysia's palm oil sustainability certification change negative perceptions?
    Becoming the first country to certify the sustainability of its palm oil will boost exports and undermine 'unfair' labelling practices, a leading industry official has told us in an exclusive interview.
  • 14 December, 2017
    Palm falls to fresh over 5-month low on weak export demand
    KUALA LUMPUR (Dec 13): Malaysian palm oil futures slipped on Wednesday evening, charting a seventh session of declines in eight, on weak export demand and tracking falls in soyoil on the Chicago Board of Trade (CBOT).
  • 14 December, 2017
    CPO prices seen to remain weak near-term
    Maintain neutral: Malaysia’s palm oil stocks rose 16% (month-on-month [m-o-m]) (+54% year-on-year) to 2.56 million tonnes at end-November, the highest stock level since December 2015 when stocks were at 2.63 million tonnes. This was 2.3% above our and Bloomberg forecasts of 2.5 million tonnes, and 5% above Reuters poll estimate. The higher-than-expected stockpile against our forecast was due to lower-than-expected exports and is near-term negative for the crude palm oil (CPO) price.
  • 14 December, 2017
    Palm oil eases on weaker ringgit, subdued export demand
    Asking prices for palm oil were between unchanged and $10 a tonne down, also pressured by a slightly weaker ringgit. Malaysian palm oil futures closed between unchanged and 16 ringgit per tonne lower on weak export demand and because of the weaker trend in CBOT soyoil.
  • 14 December, 2017
    KLK expected to expand downstream presence
    Maintain hold with an unchanged target price (TP) of RM24.18: Kuala Lumpur Kepong Bhd (KLK) proposed to acquire Elementis Special Ties Netherlands B V (ESN) for an enterprise value of €39 million (RM187.11 million).
  • 13 December, 2017
    Palm oil still targets RM2,426
    The palm oil third-month contract still targets RM2,426 per tonne, as it is poised to break a support at RM2,462. The support is provided by the 161.8% projection level of a downward wave C. The bounce triggered by the support was so weak that it ended around RM2,491. With palm oil approaching RM2,462 again, it is likely to overcome this barrier and fall to RM2,426.
  • 13 December, 2017
    Palm slips on weak export demand
    Malaysian palm oil futures slipped in early trade on Wednesday and were headed for a seventh session of decline in eight, on weak export demand and tracking falls in soyoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange was down 0.2% at RM2,468 (US$605.79) a tonne at the midday break.
  • 6 December, 2017
    FGV: Eight palm oil mills to be RSPO-certified by year end
    KUALA LUMPUR (Dec 5): Felda Global Ventures Holdings Bhd (FGV) expects to obtain the first Roundtable on Sustainable Palm Oil (RSPO) certification for eight of its palm oil mill complexes before the end of 2017.