NEWS FEED
  • 1 April, 2015
    Palm Oil to Fall to 2146 Ringgit
    SINGAPORE (Mar 31): Palm oil may fall to a support at 2,146 ringgit per tonne again, as indicated by a Fibonacci retracement analysis and a triangle. The support is provided by the 86.4 percent Fibonacci retracement on the rise from the Jan. 30 low of 2,106 ringgit to the March 4 high of 2,400 ringgit, blocking the way towards 2,106 ringgit.
  • 31 March, 2015
    Malaysian Palm Oil Price Hits Near 2 week Low Before Turning Positive
    JAKARTA: Malaysian palm oil futures touched a near two-week low on Monday, before reversing losses to end positive as traders positioned themselves ahead of export data due later this week. The benchmark June contract on the Bursa Malaysia Derivatives ended 1 percent higher at 2,190 ringgit ($590) a tonne. Prices earlier hit 2,143 ringgit, its lowest levels since March 18 before climbing as high as 2,196 ringgit. Total traded volume stood at 37,613 lots of 25 tonnes, just above the average 35,000 lots.
  • 31 March, 2015
    Palm Oil Targets 2106 Ringgit
    SINGAPORE (Mar 30): Palm oil may break support at 2,146 ringgit per tonne and fall further to 2,106 ringgit as indicated by a Fibonacci retracement analysis. Support is provided by the 86.4 percent Fibonacci retracement on the rise from the Jan. 30 low of 2,106 ringgit to the March 4 high of 2,400 ringgit, temporarily blocking the way towards 2,106 ringgit.
  • 30 March, 2015
    Vegoils Market Factors to Watch March 30
    Malaysian palm oil futures fell on Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East.
  • 30 March, 2015
    Crude Palm Oil Weekly Report March 28 2015
    Malaysian palm oil futures edged lower on Friday to 2,170, due to prices tracking of oil prices which reversed after a rally on Thursday. This was caused by the conflict concerns happening in the Middle East. Future Crude Palm Oil (FCPO) benchmark June 2015 contract settled at 2,170 on Friday, up 15 points or 0.7 per cent from 2,155 last Friday. Trading volume decreased to 176,884 contracts from 216,269 contracts from last Monday to Thursday. Open interest based on decreased to 706,665 contracts from 799,438 contracts from last Monday to Thursday.
  • 26 March, 2015
    Palm Oil May Break Support at 2,017 Ringgit in 3 Months
    SINGAPORE (March 25): Palm oil is expected to test a support at 2,017 ringgit per tonne over the next three months, a break below which will open the way towards 1,557 ringgit. The support is at the 61.8 percent Fibonacci projection level of a wave (C), which started at the Feb. 10, 2011 high of 3,967 ringgit and is the third wave of a big three-wave cycle that developed from the March 4, 2008 high of 4,486 ringgit.
  • 23 March, 2015
    Belgium pledges to review 'No Palm Oil' label
    THE new EU Food Information for Consumers Regulation (FIC), which came into effect on Dec 13, 2014, has completely transformed the debate on the “No Palm Oil” labels. The new FIC Regulation has confirmed beyond doubt that the “No Palm Oil” labels are illegal, and have started being denounced accordingly. A first encouraging sign came from Belgium a few weeks ago. In his reply to a Parliamentary Question, the Belgian Minister for Economy and Foreign Trade, Kris Peeters, acknowledged the effect on “No Palm Oil” labels of the new EU regulation.
  • 23 March, 2015
    Indonesia Plans Levy on Crude Palm Exports Instead of Tax Threshold Cut
    Jakarta. Indonesia will impose a levy of $50 a tonne on exports of crude palm oil when prices fall below a threshold triggering a monthly tax on shipments overseas, the chief economics minister said. When prices of crude palm oil fall below the threshold of $750 a tonne on average, the world’s top producer of the tropical oil cuts the monthly tax on its CPO exports to zero. Benchmark Malaysian palm oil futures have fallen more than a fifth over the last year, and ended on Friday at 2,160 ringgit ($579) per tonne. Southeast Asia’s biggest economy set its crude palm oil export tax for March at zero, unchanged since October last year. Indonesian officials are preparing new rules for a charge of $50 on every tonne of CPO shipped at the zero export tax rate, Sofyan Djalil told reporters, with the funds going to help pay for biodiesel subsidies announced in recent weeks.
  • 23 March, 2015
    Palm Loses Ground in India to Cheapest Soybean Oil Since 2008
    Palm is losing ground after record soybean supplies from the U.S. to Brazil sent prices of the alternative oil to a six-year low. Palm’s discount to soybean oil in 2015 is less than half the average of the past five years, data compiled by Bloomberg show. India may also buy less palm if Indonesia follows Malaysia in taxing exports, said B.V. Mehta, executive director of the Solvent Extractors’ Association of India.
  • 20 March, 2015
    Malaysian Palm Oil Price Higher Supported by US and China veg oil
    KUALA LUMPUR: Malaysian palm oil futures edged further away from seven-week lows on Thursday as the U.S. dollar's slide inspired a rally in overseas vegetable oil markets. The dollar suffered its biggest one-day fall in six years after the Federal Reserve signalled a slower pace of interest rate increases, which in turn boosted prices of commodities from oil to soybeans to gold.