NEWS FEED
  • 15 October, 2018
    China additional palm oil import not a promise, minister cautions
    Minister of Primary Industries Teresa Kok cautioned should Malaysia palm oil prices remains less competitive than Indonesia, there is possibility China may not go ahead with the additional 500,000 tonnes of import for the commodity. Speaking to reporters at the Parliament today, Kok reminded the additional import mentioned by China's authority during Prime Minister Tun Dr Mahathir Mohamad's official visit will not be done at any price by Malaysian exporter.
  • 15 October, 2018
    Malaysia's Oct 1-15 palm oil exports fall 27.5 percent — AmSpec Agri
    Exports of Malaysian palm oil products for Oct 1-15 fell 27.5% to 538,607 tonnes, from 742,997 tonnes shipped during Sept 1-15, according to independent inspection company AmSpec Agri Malaysia said on Monday.
  • 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.
  • 12 October, 2018
    Palm oil stocks rise in September
    Malaysian palm oil stocks rose to an eight-month high at the end of September, increasing 1.4% month-on-month to 2.54mil tonnes, and placing further pressure on crude palm oil (CPO) prices. While the higher-than-expected rise in stockpiles is negative for CPO prices, analysts say the impact will be offset by higher crude oil prices, which helps boost palm oil usage for biodiesel.
  • 12 October, 2018
    Malaysia’s palm oil now sustainable, PM tells Asean leaders in Bali
    Tun Dr Mahathir Mohamad today admitted that Malaysia had cleared vast tracts of forest to develop its palm oil sector, but said that the practice had now been stopped, as the nation has adopted a more sustainable approach. The prime minister also gave the assurance in his speech at the Asean Leaders Gathering in Bali that the palm oil produced by Malaysia will conform to “certain standards”. “Malaysia has always been very conscious about the sustainability of its development. It’s true we had to fell many trees in our forests in order to grow oil palm, palm trees, but today, we have stopped doing so because we feel there can be other sources of income for us.
  • 12 October, 2018
    Dr M: Trade war megatrends alarming
    Dr Mahathir also referred to the attempt (by the European Union) to label palm oil from Malaysia as being unsuitable, saying that it was not at all true since palm oil had been consumed by millions of people without any harm. “In fact, Malaysia’s forest is very sustainable with 48% being covered with virgin jungle,” he explained, adding that “we absorb much of the world’s carbon monoxide produced by others”.
  • 11 October, 2018
    Palm oil may fall into RM2,162-2,171 range
    Palm oil may fall more into a range of RM2,162-2,171 per tonne, as suggested by a projection analysis. The range is formed by the 23.6% and the 38.2% projection levels of an upward wave c from RM2,147. It is the last part of a three-wave cycle from RM2,137. Wave theory suggests that the current drop from Oct 5 high of RM2,235 may extend to RM2,137, as this drop could be a continuation of the downtrend from RM2,303.
  • 11 October, 2018
    High inventories put pressure on CPO price
    The current crude palm oil price level will be a challenge for plantation companies with young age profile due to their relatively higher costs, says PublicInvest Research. The research house noted that CPO inventories was at an eight-month high of 2.54 million metric tonnes in September due to a double-digit increase in both production and export demand.
  • 11 October, 2018
    Malaysia's palm oil stocks hit 8-mth high in September
    Malaysia's palm oil inventories edged up in September to their highest in eight months, surpassing market expectations as production levels came in higher than exports, despite a surge in overseas demand, government data showed on Wednesday. Stockpiles in the world's No.2 producer and exporter of palm oil, used to make products ranging from cooking oil to chocolate, rose 1.5% from the previous month to 2.54 million tonnes, according to the data from the Malaysian Palm Oil Board (MPOB).
  • 10 October, 2018
    Malaysia palm oil inventory up 1.45pct in September
    Malaysia’s total palm oil inventories grew 1.45% to 2.54 million tonnes in September from 2.5 million tonnes in August, as palm oil output levels increased 14.4%, partly offset by a rise in exports.