NEWS FEED
  • 14 November, 2018
    Worries persist over high CPO inventory in Malaysia
    Analysts continue to worry over high palm oil inventory which continued to swell by eight per cent month-on-month to 2.72 million tonnes in October. The higher inventory is mainly caused by higher production — up by six per cent m-o-m to 1.96 million tonnes — and lower exports which has gone down by three per cent m-o-m to 1.57 million tonnes. An analyst at Affin Hwang Investment Bank Bhd (AffinHwang Capital) said the rise in October’s CPO production was the highest monthly CPO production over the past 12 months as production improved in Peninsular Malaysia and Sabah, rising by 5.7 per cent and 15.1 per cent m-o-m respectively to 1.01 million metric tonnes and 0.5 million metric tonnes
  • 13 November, 2018
    Ringgit hit by palm oil slump
    Palm oil futures are sliding to a three-year low, adding to the pain for the ringgit that's been suffering since the government revealed a wider fiscal deficit. Palm oil is being hit by concerns demand isn't expanding fast enough to absorb mounting stockpiles in the world’s two biggest growers.
  • 13 November, 2018
    CPO prices drop further
    As crude palm oil (CPO) prices continue to slide, pressured by rising stockpiles and production as well as slowing exports, analysts warn that plantation players will be hit going into the fourth quarter. The CPO price for November’s delivery has fallen RM15 to RM1,865 per tonne and the benchmark futures contract closed down RM6 at RM2,034 per tonne yesterday – its lowest since September 2015.
  • 13 November, 2018
    Malaysia's Nov 1-10 palm oil exports rise 4.5pct - ITS
    Exports of Malaysian palm oil products for Nov 1-10 rose 4.5% to 310,592 tonnes, from 297,265 tonnes shipped during Oct 1 - 10, cargo surveyor Intertek Testing Services said on Saturday.
  • 12 November, 2018
    Malaysia's October palm oil inventory up 7.63pct on month at 2.72m tonnes
    The Malaysian Palm Oil Board (MPOB) said today that the nation's total palm oil stock increased 7.63% to 2.72 million tonnes in October 2018, from 2.53 million tonnes in the preceding month, as crude palm oil (CPO) production rose.
  • 12 November, 2018
    Crude Palm Oil Weekly Report – November 10th, 2018
    The Malaysian palm oil futures (FCPO) declined more than two per cent, making this its fourth consecutive decline. It was also at its three-year low as weakness in soybean oil and concerns on a slowdown in exports weighed on palm oil prices. On Friday, FCPO dropped 5.39 per cent to 2,042 as compared with last Friday’s closing price at 2,152, a totaled of 110 points. The average trading volume went up from 34,866 contracts to 35,590 contracts from the previous week, a total of 2.08 per cent increase despite the three-day trading from Monday, Wednesday and Thursday.
  • 9 November, 2018
    CPOPC accepts Colombia as new member
    PUTRAJAYA (Nov 8): The Council of Palm Oil Producing Countries (CPOPC) has accepted Colombia, Latin America's largest palm oil producer and the world’s fourth, as its new member.
  • 9 November, 2018
    National commodity policy to be improved
    PUTRAJAYA (Nov 8): The National Commodity Policy will be improved with the inclusion of a new direction and targets for the nation’s agro-commodity industry, says Primary Industries Minister Teresa Kok.
  • 9 November, 2018
    Palm falls more than 1%, tracking soyoil declines
    KUALA LUMPUR (Nov 8): Malaysian palm oil futures fell more than 1% to a fresh three-year low on Thursday, tracking weaker soyoil on the U.S. Chicago Board of Trade and on worries that rising production would add to inventories.
  • 8 November, 2018
    Palm touches 3-year low on weaker related edible oils
    KUALA LUMPUR (Nov 7): Malaysian palm oil futures dropped to a three-year low on Wednesday, in line for a fifth day of declines in six, tracking weakness in related edible oils and crude oil prices.