• 17 September, 2014
    Palm oil/Vegoils: Market factors to watch Sept 17 Wednesday
    KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday. FUNDAMENTALS * Malaysian palm oil futures rose to a one-month high on Monday, lifted by gains in U.S. and China soyoil markets and a surge in exports of the tropical oil in the first half of the month. * U.S. soybean and wheat futures fell on Tuesday, with soy pressured by technical selling and forecasts for good harvest weather, while U.S. wheat supplies struggled to find traction on the export market despite trading at four-year lows.
  • 17 September, 2014
    Record Prices for Oil Palm Estates in Sabah and Sarawak
    PETALING JAYA: Oil palm estates in Sabah and Sarawak are experiencing new benchmark pricing despite weaker crude palm oil (CPO) prices as cash-rich plantation groups expand their domestic landbanks amid rising policy uncertainties in Indonesia. Over the past two years, large local planters have acquired over 50,000ha in Sabah and Sarawak at record high enterprise value (EV) per ha, according to industry observers.
  • 17 September, 2014
    CPO Futures Continue Uptrend
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives continued last week’s uptrend to close higher yesterday, due to strong export performance as indicated by cargo surveyors. Phillip Futures Sdn Bhd derivative product specialist David Ng said the weakening of the ringgit against the US dollar was also seen as a supporting factor for the price performance yesterday.
  • 15 September, 2014
    Palm Oil Seen Dropping as Mistry Has Buy Call on Planter Stocks
    Palm oil will probably drop in the next few weeks toward the cost at which growers in Asia produce the world’s most-used cooking oil as supplies exceed demand, according to Dorab Mistry, director at Godrej International Ltd. The commodity will retreat to about 1,900 ringgit ($590) a metric ton, Mistry said, according to remarks prepared for a conference in Shanghai. That’s 8.8 percent below last week’s close for the benchmark contract on the Bursa Malaysia Derivatives and would be the lowest price since March 2009.
  • 12 September, 2014
    Changing Perceptions About Palm Oil
    The palm oil industry is turning to social media to actively engage communities and disseminate accurate information. Some time into Ross Candido’s presentation, the poster of the recent blockbuster Guardians of the Galaxy appeared on two huge screens at the grand ballroom of Hilton Kuala Lumpur. While the view of Chris Pratt and his band of unconventional superheroes do provide some entertainment value, its presence at the venue was certainly eye-raising.
  • 12 September, 2014
    CPO Futures Prices Rebound
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives rebounded to close higher yesterday lifted by positive sentiment in anticipation of stronger export. Phillip Futures Sdn Bhd derivative product specialist David Ng said the prices bucked the prevailing market pessimism amid signs of export pick up following the tax exempt measure.
  • 12 September, 2014
    Bumper harvest bane?
    17-MONTH HIGH: High inventory level may be short-term bearish for crude palm oil prices, analysts say MALAYSIA’S bumper oil palm harvest of late comes at a price: weak crude palm oil (CPO) prices. The country’s palm oil stocks jumped 23 per cent month-on-month to a 17-month high of 2.05 million tonnes in August, and analysts said this is negative for CPO prices, albeit in the short term. They added that there could be ample supply of edible oils in the near term, which may cause certain buyers to defer their purchases of the commodity. CPO prices are currently hovering around the RM2,000 per tonne level, its lowest in five years.
  • 11 September, 2014
    Malaysia Palm Oil Stocks in August Above 2mil Tonnes
    KUALA LUMPUR: Malaysia's palm oil inventory rose above the two million tonnes level in August, which was the first time for 2014. The Malaysian Palm Oil Board (MPOB) said on Wednesday the inventory rose 21.9% to 2.05 million tonnes from the 1.68 million tonnes in July. Analysts said the August level was within expectations due to the high production of crude palm oil (CPO), which rose also 21.9% to 2.03 million tonnes from 1.67 million tonnes in July. At midday, CPO for third month delivery fell RM20 to RM2,014 tonne. Malaysian plantation stocks fell with PPB Group down 18 sen to RM14.62, Felda Global Ventures three sen to RM3.78 but Kuala Lumpur Kepong added six sen to RM22.04.
  • 11 September, 2014
    CPO Futures Marginally Lower
    KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed marginally lower yesterday, amid bearish report from the Malaysian Palm Oil Board (MPOB). Phillip Futures Sdn Bhd derivative product specialist David Ng said palm oil stock for August was 22 per cent higher on a month-on-month basis, breaching the two million tonnes mark due to tremendous growth in production.
  • 10 September, 2014
    Palm Oil Eases from 3-Week Top, Market Eyes Malaysian Data
    Palm oil futures edged lower on Tuesday as the market took a breather after hitting its highest in almost three weeks in the last session with investors eyeing key data on Malaysian palm oil stocks and production for a price direction. A decline in US soybean oil prices on expectations of record production added pressure on palm oil which dropped to its lowest in more than five years last week.