NEWS FEED
  • 25 September, 2018
    EU palm oil ban sows bitter seeds for South-East Asian farmers
    Indonesian palm oil farmer Kawal Surbakti says his livelihood is under attack, but the threat is not from insects or hungry orang utans eating his prized crop. Half a world away, the European Parliament is moving to ban the use of palm oil in biofuels, while British grocer Iceland has announced it will stop using the commodity over concerns that it causes widespread environmental destruction. Losing the key European market worries small farmers like Surbakti and millions of others in Indonesia and neighbouring Malaysia - the world’s top two producers - as prices drop for an oil found in everything from biscuits and sweets to cosmetics and vehicle gas tanks.
  • 25 September, 2018
    Malaysian palm oil price jumps over 1pct tracking crude oil gains
    Malaysian palm oil futures gained more than 1 percent in the second half of trading on Monday, snapping five straight sessions of declines, tracking strength in crude oil and U.S. Chicago Board of Trade (CBOT) soyoil. The benchmark palm oil contract for December delivery was up 0.9 percent at 2,162 ringgit ($523.87) a tonne on the Bursa Malaysia Derivatives Exchange at the close of trade, its strongest daily gain in two weeks. It earlier rose as much as 1.3 percent to an intraday high of 2,170 ringgit, after hitting a three-year low on Friday. Palm shed 3.6 percent last week in its second consecutive weekly decline.Trading volumes stood at 37,379 lots of 25 tonnes each at the close of trade.
  • 24 September, 2018
    Malaysian palm oil price falls for fifth straight day on rising output woes
    Malaysian palm oil futures charted a fifth consecutive day of losses on Friday evening, ending the day near three-year lows, weighed down by concerns that output would rise. It was up earlier in the day after Malaysia, the world's second-largest exporter of palm oil, announced it would maintain its export tax on crude palm oil for October at zero percent. The export tax was at zero percent last month as well, down from 4.5 percent in August. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange ended down 0.1 percent at 2,143 ringgit ($519.14) a tonne .
  • 24 September, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Monday Sept 24
    Malaysian palm oil futures charted a fifth consecutive day of losses on Friday evening, ending the day near three-year lows, weighed down by concerns that output would rise. U.S. corn futures climbed more than 1 percent on Friday to their highest in more than a week, buoyed by end-user demand and fund short-covering, analysts said.
  • 24 September, 2018
    Ministry to mount palm oil and rubber mission to North Africa, Colombia
    Deputy Primary Industries Minister Shamsul Iskandar Mohd Akin will lead a palm oil and rubber economic and investment mission to Egypt, Morocco and Colombia from Sept 21-29. The mission delegation would comprise representatives from the Ministry of Primary Industries, Malaysian Palm Oil Board, Malaysian Rubber Board, LGM Properties Corporation, Malaysian Palm Oil Council and Malaysian Rubber Export Promotion Council.
  • 24 September, 2018
    Palm oil biased to fall to 2,091 ringgit
    Palm oil is biased to break a support at 2,144 ringgit per tonne, and fall towards the next support at 2,091 ringgit. These supports are identified respectively as the 100 percent and the 107 percent projection levels of a downward wave (C) from 2,896 ringgit.
  • 21 September, 2018
    Malaysian palm oil price hits 3-year low on rising output, stocks outlook
    Malaysian palm oil futures fell to a three-year low on Thursday, weighed down by expectations of rising production and end-stocks in producer nations Indonesia and Malaysia. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed down 0.6 percent at 2,146 ringgit ($519) a tonne. It had touched an intraday low of 2,173 ringgit, its weakest level since Sept. 21, 2015.
  • 21 September, 2018
    Malaysia's Sept 1-20 palm oil exports rise 79.2% — ITS
    Exports of Malaysian palm oil products for Sept 1-20 rose 79.2% to 1,096,297 tonnes from 611,736 tonnes shipped during Aug 1-20, cargo surveyor Intertek Testing Services said on Thursday.
  • 20 September, 2018
    Malaysian palm oil price falls to 2-month low on inventories outlook
    Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer nations. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,158 ringgit ($520.83) a tonne at the close of trade for a third consecutive day of losses. The contract had earlier declined by as much as 1.9 percent to 2,156 ringgit, its lowest since July 25.