NEWS FEED
  • 30 September, 2014
    Palm Gains On Export Expectations, Weakening Ringgit
    JAKARTA, Sept 29 (Reuters) - Malaysian palm oil rose on Monday on expectations of positive palm oil export data for September and a weakening ringgit, but volumes remained low as competing edible oil prices slipped and U.S. soybeans hit a four-year low. The market is anticipating Malaysian palm oil exports to climb by around a third to 1.6 million tonnes this month, traders said, after both leading surveyors reported last week that exports had already reached 1.3 million tonnes as of Thursday, sending prices to a six-week high.
  • 30 September, 2014
    Rising Exports Expectation Boost
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed higher amid expectations of higher exports. Phillip Futures Sdn Bhd derivative product specialist David Ng said expectations of higher exports for September, which could lower the stock levels in the country, pushed prices upwards.
  • 29 September, 2014
    Malaysia Eyes to Capture 70 Percent of China's Palm Oil Imports
    SHANGHAI: Malaysia aims to capture a bigger share of China’s palm oil imports, according to Plantation Industries and Commodities minister Datuk Amar Douglas Uggah Embas. He said Malaysia currently accounted for 58.8% of the total imports, and the target was to increase the figure to 70%. “China is Malaysia’s largest export destination for palm oil products, taking up 20.4% of Malaysia’s global exports,” he said when opening the Malaysia-China Palm Oil Trade Fair & Seminar (POTS) here recently.
  • 29 September, 2014
    CPO Futures Reverses Recent Gains
    KUALA LUMPUR: Crude palm oil (CPO) futures reversed recent gains to close broadly lower yesterday as external factor prompted players to square off long positions, dealers said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, said futures prices closed lower amid concerns over Indonesia's plan to remove export tax in response to Malaysia's tax exemption on CPO for October and November.
  • 29 September, 2014
    Malaysia Could Allow Duty Free Palm Oil Exports Until Year End, says Felda Global
    MUMBAI: Malaysia, the world's second-biggest palm oil producer, could extend duty free exports until the end of 2014 if prices of the tropical oil remain at current levels, a leading palm oil producer told Reuters in an interview. Malaysia has allowed duty free exports of crude palm oil for September and October. A further extension in duty free exports would help it reduce stockpiles but also put pressure on rival top producer Indonesia to consider similar measures. Indonesia has allowed duty free exports for October in response to the Malaysian duty structure.
  • 26 September, 2014
    Vegoils-Strong Exports, Prospect of Lower Output Lift Palm to 6-Week High
    KUALA LUMPUR, Sept 25 (Reuters) - Malaysian palm oil futures stretched gains into a third day on Thursday to touch their highest in more than six weeks, buoyed by robust demand and expectations that output would drop this month. Market players said that firm export demand, coupled with weaker palm yields in September, would prevent another big rise in inventories in the top palm-growing countries.
  • 26 September, 2014
    CPO Climbs for Second Straight Day
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives climbed for a second consecutive day to close higher yesterday on continued buying interest, a dealer said. At the close, October 2014 advanced RM27 to RM2,205 a tonne, November 2014 and December 2014 both gained RM44 to RM2,202 and RM2,197 a tonne, respectively, while January 2015 surged RM41 to RM2,214 a tonne.
  • 25 September, 2014
    Palm Oil Trade Fair and Seminar (POTS) Kuala Lumpur 2014
    The Malaysian Palm Oil Council (MPOC) is proud to present the Fifth International Palm Oil Trade Fair and Seminar 2014 in Kuala Lumpur (POTS KL 2014), which will be held from 28 to 29 October 2014 at the Shangri La Hotel, Kuala Lumpur. Since its inception, POTS has made significant progress and established itself as a signature event and a key networking platform for global palm oil players and business leaders to meet and explore future trade and business linkages, to provide thoughtful insights into upcoming innovations as well as economic opportunities.
  • 25 September, 2014
    CPO Futures Extend Gains
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives extended gains to close higher yesterday on continued buying interests. Phillip Futures Sdn Bhd derivative product specialist David Ng said the CPO futures closed higher yesterday amid expectation production for the month of September would be lower.
  • 24 September, 2014
    Palm Oil Imports by India Seen Surging to Record as Prices Slump
    Palm oil shipments by India, the world’s biggest buyer, will climb to a record this year as tumbling prices and zero-tax on exports from Malaysia make the oil attractive to refiners, said Ruchi Soya Industries Ltd. (RSI) Inbound shipments may increase to 9 million metric tons in the year ending Oct. 31, more than the 8 million tons estimated in July, Dinesh Shahra, managing director of the nation’s biggest importer, said in an e-mail interview. Purchases were at 8.3 million tons in 2012-2013, the highest ever, data from the Solvent Extractors’ Association of India show.