30 January, 2015
Palm oil/Vegoils: Market factors to watch on Friday Jan 30
Malaysian palm oil slid more than 3 percent on Thursday as the market snapped two sessions of gains to drop to its lowest in almost six weeks, under pressure from plentiful global edible oil supplies and slowing demand.
29 January, 2015
Palm oil/Vegoils: Market Factors to Watch on Thursday Jan 29
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday Jan 29. Malaysian palm oil rose for a second day on Wednesday, recouping some of its recent losses, but traders were wary and questioned how far the recovery could go since demand remained weak.
28 January, 2015
Malaysian Palm Oil Rebounded
JAKARTA, Jan 27 (Reuters) - Malaysian palm oil futures rebounded on Tuesday to snap four days of declines but remained not far off their lowest in almost six weeks as a big domestic crop, poor demand and weak competing oil prices put pressure on the edible oil. By the close, the benchmark April contract 1FCPOc3 had gained 0.28 percent to 2,172 ringgit ($597) per tonne, after touching 2,151 ringgit in early trade, the contract's lowest point since Dec. 19.
28 January, 2015
MPOC Correct MEP's Errors on Palm Oil Labels
Dear M. Tarabella, I am writing to you regarding an important misunderstanding contained in your press statement of December 2014, concerning the EU’s new Food Information to Consumers (FIC) Regulation, and subsequent statements from your Twitter account – relating to palm oil. I feel that it is important for me to clarify some of the content contained in your statements – in particular with regard to your role as Vice-Chair of the European Parliament’s ASEAN Delegation. The Malaysian Palm Oil Council (MPOC), of which I am Chief Executive Officer, is extremely concerned at current illegal labelling of some food products in Belgium: this consists of products carrying a new, additional label stating “Without Palm Oil” or “No Palm Oil”.
27 January, 2015
Malaysian Palm Oil Futures Fell for a Third Session
KUALA LUMPUR, Jan 26 (Reuters) - Malaysian palm oil futures fell for a third session on Monday, dropping to their lowest in nearly five weeks as poor demand from major buyers sparked concern that palm's use in food and fuel industries may continue to slump in coming months. Palm prices ran up 14 percent from December to a six-month high of 2,394 ringgit by Jan. 15 after monsoon flooding wreaked havoc in parts of Malaysia, the second-biggest grower, inundating estates and destroying infrastructure.
26 January, 2015
Fruitful yield from designer seeds
In the last five decades, mechanisation of oil palm fruit harvesting remained largely unsuccessful. As a result, the industry had been working on the trees - to make them easier to harvest and to have more oil. OOI TEE CHING interviews a tree whisperer and an industry veteran.
22 January, 2015
Malaysian Palm Oil Price Falls To Over 2-Wk Low On Technical Selling
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in over two weeks on Wednesday, after worries over monsoon floods Borneo's key palm-growing areas triggered a round of technical selling in the tropical oil. The ringgit's decline to its weakest since April 2009 was not enough to limit losses in time, traders said. "Although the ringgit is weak, the market could not keep up. After prices broke 2,300 ringgit, heavy liquidation and the stop-loss order were triggered," said one trader with a foreign commodities firm in Kuala Lumpur.
20 January, 2015
Crude palm oil to remain volatile in H1 on crude oil movement
PETALING JAYA: Crude palm oil (CPO) prices are expected to be volatile in the first half of this year with crude oil price movement being a major influence. Experts at the Malaysian Palm Oil Board Economic and Industry Outlook seminar mostly agreed CPO prices remained soft compared to a year ago. Roundtable on Sustainable Palm Oil (RSPO) adviser M.R. Chandran said he believed CPO prices would average RM2,400 per tonne this year compared with RM2,383.50 last year. He expects crude oil prices to average US$70 per barrel, which would help nudge CPO prices higher. Currently, global crude oil prices have fallen to below US$50.
19 January, 2015
No Palm Oil Labels Misleading
PETALING JAYA: THE defamatory campaign of “No Palm Oil” or “Palm Oil Free” on food labels in Europe is hurting oil palm planters' livelihoods and denying palm oil exporters equal opportunities to trade. Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Yusof Basiron said the plam oil industry has no problem complying with the European Union Food Information for Consumers Regulation.
19 January, 2015
Palm oil/Vegoils: Market factors to watch on Monday Jan 19
Malaysian palm oil futures fell to their lowest in over a week on Friday as volatile crude oil prices and lacklustre export demand dampened buying interest in the tropical oil, dragging the contract to its biggest weekly drop in seven.