NEWS FEED
  • 26 July, 2017
    Malaysian palm oil market factors to watch Wednesday July 26
    Malaysian palm oil futures surged nearly 3 percent to two-month highs on Tuesday evening, supported by expectations of lower than forecast production in July and tracking strong gains in soyoil on the Chicago Board of Trade (CBOT). Chicago Board of Trade corn and soybean futures fell on Tuesday, with investors shrugging off bigger-than-expected declines in U.S. crop ratings to focus on forecasts for better weather, traders said.
  • 26 July, 2017
    Malaysian palm oil price hits two-month high on stronger soyoil
    Malaysian palm oil futures surged nearly 3 percent to two-month highs on Tuesday evening, supported by expectations of lower than forecast production in July and tracking strong gains in soyoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2.9 percent at 2,626 ringgit ($613.55) a tonne at the close. That was the highest since May 23 thanks to the best daily gain in more than three months.
  • 25 July, 2017
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday July 25
    Malaysian palm oil futures posted their worst session in a week on Monday, tracking weaker performances in rival oils.
  • 25 July, 2017
    Malaysian palm oil price drops on weaker soyoil, higher production outlook
    Malaysian palm oil futures posted their worst session in a week on Monday, racking weaker performances in rival oils. Traders were bearish because of forecasts of rising output, but they are uncertain how high production will be in the coming months. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 0.8 percent at 2,553 ringgit ($597.05) at the close of trade, its sharpest daily decline since July 18.
  • 25 July, 2017
    Putting palm oil to work
    MALAYSIANS are familiar with palm oil, but perhaps not as well acquainted with other products that can be obtained from the acres of oil palm plantations that feature prominently in our agricultural landscape. In recent years, there have been more researches carried out to uncover more value-added products to enhance the industry. One such example is tocotrienol, which is often termed as a “Super Vitamin E” due to its efficient absorption into cell membranes.
  • 24 July, 2017
    Land for the landless: Felda transforms the lives of many
    FROM its humble beginnings in Lurah Bilut, in Bentong, Pahang, the Federal Land Development Authority (Felda) has transformed from an agency in charge of smallholders and settlements into a giant conglomerate with diversified business interests. Felda, a government land development agency, was the brainchild of second prime minister the late Tun Abdul Razak Hussein. It was established in July 1956, when land development and resettlement were seen as keys to economic growth and political stability.
  • 24 July, 2017
    Palm oil demand up as dry U.S. weather seen hurting rival soy crops
    Palm oil demand is seen rising on a widening price differential with its rival oilseed soy, spurred by dry weather in the United States, prompting buyers to switch to the cheaper tropical oil, as key purchasing market China replenishes its palm oil port stocks, which have slid to seven-month lows. Benchmark palm oil prices are expected to decline in the second half of the year as production sees seasonal gains. Palm has shed about 17 percent of its value so far this year, and was last down 0.4 percent at 2,566 ringgit ($598.83) per tonne on Friday afternoon. [POI/]
  • 21 July, 2017
    Malaysian palm oil price jumps 2% on improving export demand
    The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was up 2 percent at 2,576 ringgit ($600.47) on Thursday evening, its strongest daily gain in nearly four months. The market earlier hit an intraday high of 2,578 ringgit, its highest level since July 12.
  • 21 July, 2017
    M'sia targets 50% rise in palm product exports to Philippines by 2020
    KUALA LUMPUR: Malaysia is targetting the export of palm oil and palm-based products to the Philippines to increase by 50% to RM3bil by 2020, from RM1.99bil recorded in 2015.