NEWS FEED
  • 20 June, 2018
    Palm oil production falls, exports plunge in May
    KUALA LUMPUR: Affin Hwang Capital Research maintained its neutral rating on the plantation sector following the sector's first on-year crude palm oil production decline since June 2017.
  • 20 June, 2018
    Malaysian palm oil price slumps to 2-year low tracking weaker soyoil
    KUALA LUMPUR: Malaysian palm oil futures slumped as much as 3 percent on Tuesday evening to their lowest in two years, tracking weakness in related edible oils.
  • 20 June, 2018
    Malaysian palm oil price hits 5-week low on lean demand
    JAKARTA: Malaysian palm oil futures extended losses to a five-week low on Tuesday, weighed down by the government's decision to maintain export tax for July and on lacklustre demand.
  • 20 June, 2018
    June’s CPO stock to be flat, strong demand surge for palm oil expected
    KUCHING: Malaysia’s crude palm oil (CPO) inventory for June has been projected by analysts to either be flat or even decline, while also expecting limited likelihood of a strong demand surge for Malaysian palm oil going forward.
  • 19 June, 2018
    Palm slumps to near 2-year low tracking soyoil
    Malaysian palm oil futures slumped more than 2% on Tuesday to their lowest in nearly two years, tracking weakness in related edible oils. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was down 1.8% at RM2,265 (US$566.82) per tonne at noon, after declining as much as 2.3% to its lowest since July 26, 2016 at RM2,253 earlier in the session.
  • 19 June, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday June 19
    Malaysian palm oil futures saw their sharpest decline in a week at the close of trade on Monday evening, on the back of weaker export demand and a fall in crude oil prices.
  • 13 June, 2018
    Malaysian palm oil price hits 5-week low on lean demand
    Malaysian palm oil futures extended losses to a five-week low on Tuesday, weighed down by the government's decision to maintain export tax for July and on lacklustre demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange fell 0.42 percent to 2,350 ringgit ($589.42) per tonne in morning trade, the lowest since May 4.
  • 13 June, 2018
    Malaysian palm oil slides to near two-year low
    Malaysian palm oil futures dropped more than 1% to their lowest in nearly two years on Tuesday, weighed down by the government's decision to maintain an export tax for July and due to lackluster demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange dropped 1.44% to 2,326 ringgit (US$583.25 per tonne by the close of trade, the lowest since August 2016.
  • 12 June, 2018
    France seeks freeze on palm oil use, imports
    France wants to cap and progressively cut palm oil imports and will propose to do so at a European level, a junior minister said on Monday, as farmers block refineries across the country in protest against use of the vegetable oil in biofuels. "We will commit at EU level to cap, to freeze ... based on the total 2017 volumes, the volume of imported (palm) oil to reduce it gradually in the coming years," French junior ecology minister Sebastien Lecornu said on Europe 1 radio. The move is aimed at reducing the use of palm oil blamed for causing deforestation in southeast Asia, he said. French farmers were blocking access to oil depots and at least three refineries using tonnes of onions, wood and rubble on Monday as part of a three-day protest over plans to allow Total to use palm oil at a biofuel plant.
  • 11 June, 2018
    Malaysian palm oil price near one-month low, falls for 5th straight session
    Malaysian palm oil futures hovered near a one-month low and extended losses into a fifth straight session on Friday, tracking weaker soybean prices in Chicago, while slowing demand growth and higher inventories also weighed. The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.92 percent at 2,365 ringgit ($596.69) a tonne by the close. Trading volume stood at 63,613 lots of 25 tonnes.