NEWS FEED
  • 18 October, 2018
    Palm rises on lean output expectations, firm soyoil futures
    Malaysian palm oil futures were poised for a second day of gains on Wednesday, buoyed by firm soyoil on the Chicago Board of Trade and on expectations of lean production growth in October. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.5% at 2,254 ringgit (US$542.87) a tonne at midday break, close to a one-month high hit in its previous trading session at 2,257 ringgit. Trading volumes stood at 17,369 lots of 25 tonnes each at noon.
  • 18 October, 2018
    EU palm oil expert panel to visit M’sia end of the month
    The European Commission's (EC) palm oil expert panel will make its first visit to Malaysia at the end of this month to address concerns over the sustainability of the palm oil industry. Primary Industries Minister Teresa Kok said she hoped the panel members would recognise Malaysia's efforts towards achieving the United Nations Sustainable Development Goals during their visit.
  • 17 October, 2018
    Malaysia keeps Nov crude palm oil export tax at zero pct
    Malaysia maintained its export tax on crude palm oil for November at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday, citing the national customs department. The export tax was at zero percent in October.
  • 17 October, 2018
    Palm oil may retrace into 2,214-2,228 ringgit range before rising
    Palm oil may retrace into a range of 2,214-2,228 ringgit per tonne, before retesting a strong resistance at 2,251 ringgit. The resistance is provided by the 100 percent projection level of an upward wave (c) from the Oct. 11 low of 2,153 ringgit.
  • 17 October, 2018
    Malaysian palm oil price eases gains after hitting 5-week top on weaker exports
    Malaysian palm oil futures ended the trading day higher on Tuesday evening, after earlier striking a 5-week high following overnight gains in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,244 ringgit ($540.53) a tonne at the close of trade, after rising to its highest since Sept. 12 at 2,257 ringgit earlier in the session.
  • 16 October, 2018
    Pupils get creative with palm oil
    A LONG table stood at the centre of SK Putrajaya Presint 9 (1)’s courtyard, lined with an array of savoury and sweet dishes from one end to the other. From Spaghetti Aglio ‘PalmO’ with Salmon Grill to Dragon Fruit Creamy Sago, the dishes would put some adults to shame when you consider they were whipped up by 12-year-olds. Chief judge Malaysian Palm Oil Council (MPOC) promotions and branding manager Razita Abdul Razak, celebrity chef Florence Tan and Health Ministry food science officer Masrisa Mohd Esa peered closely, tasting each dish carefully.
  • 16 October, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday Oct 16
    Malaysian palm oil futures fell from a one-week high to close lower on Monday, as export data showing weaker shipments. U.S. soybean futures jumped 2.8 percent on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of U.S. soy cargoes headed to China, analysts said.
  • 16 October, 2018
    PM: China to import 500,000 tonnes more palm oil from Malaysia
    China has expressed its intention to buy another 500,000 tonnes of palm oil from Malaysia provided the prices are competitive, Prime Minister Tun Dr Mahathir Mohamad says today.
  • 16 October, 2018
    Malaysian palm oil price falls from one-week high on weaker exports
    The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit ($526.72) a tonne at the close. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit ($526.72) a tonne at the close.
  • 15 October, 2018
    Crude Palm Oil Weekly Report – October 13th, 2018
    Malaysia’s palm oil futures (FCPO) jumped higher on Friday, rebounding from two sessions of losses, mainly due to gains in soy oil on Friday which staged a rebound. Massive loss in US stocks and commodities market as well as weak export data and rising September stockpiles were the main causes of sharp declines from previous two sessions. On Friday, FCPO was down 1.3 per cent to 2,194 as compared with last Friday’s closing price at 2,223, a decline of 29 points.