NEWS FEED
  • 19 April, 2018
    Malaysian palm oil price closes flat after recouping early losses
    Malaysian palm oil futures closed flat on Wednesday as short covering in the second half of trade helped the market recover from losses earlier in the day. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange closed at 2,408 ringgit ($619.34) a tonne on Wednesday evening. It earlier fell as much as 1.2 percent to an intraday low of 2,380 ringgit. Palm had jumped 1.6 percent in its previous trading session, after seeing six straight days of declines.
  • 19 April, 2018
    Palm oil declines on correction, bearish outlook
    Malaysian palm oil futures dropped on Wednesday, poised for a seventh session of declines in eight, as the market corrected lower after a recent rally on bearish production outlook. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.7% at RM2,391 (US$614.81) a tonne at the midday break. Palm had jumped 1.6% in its previous trading session, after previously seeing six straight days of declines.
  • 18 April, 2018
    Iceland’s palm oil decision misleading, says CPOPC
    The Council of Palm Oil Producing Countries (CPOPC) has lashed out at a UK supermarket chain operator as its intention to remove palm oil from all its own-brand produce is “misleading the consumers”. Iceland Foods Ltd has announced that it would remove palm oil from all its own-brand produce by year-end, drawing quick rebuttals from palm oil producing countries and planters.
  • 18 April, 2018
    Palm gains over 1 pct on profit taking, stronger US soyoil
    Malaysian palm oil futures rebounded from losses to gain over 1 percent at the end of the trading day on Tuesday, snapping six days of losses, lifted by profit-taking and gains in soyoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange rose 1.7 percent to 2,408 ringgit ($619.26) a tonne at the close of trade, its strongest daily gain since the start of the year.
  • 17 April, 2018
    Palm oil prices expected to surpass RM2,600 per tonne by mid-2018
    Local investment banks are cautiously optimistic on palm oil prices, expecting it to surpass RM2,600 per tonne by mid-2018 from the current RM2,400, thanks to firm global demand. “Global palm oil demand is expected to rise as the supply of its rival soybean is on a slight decline,” said MIDF Amanah Investment Bank Bhd senior analyst Alan Lim Seong Chun. According to Oil World, dry weather in Argentina had slashed soybean supply by 32 per cent to just 37 million tonnes, for the current season.
  • 17 April, 2018
    Low CPO prices to affect planters’ earnings
    Malaysian oil palm planters’ earnings in the first quarter of this year will likely be weighed down by lower crude palm oil (CPO) and palm kernel (PK) prices. Maybank IB Research, which has maintained its “neutral” outlook on the sector, said output recovery in the domestic oil palm sector has failed to compensate for the sharply lower average selling prices of CPO and PK.
  • 17 April, 2018
    Malaysian palm oil price declines to one-month low on slowing demand growth
    Malaysian palm oil futures fell to a one-month low on Monday evening, recording a sixth straight day of losses on expectations of slowing demand growth and tracking losses in related edible oils. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange slid 1.3 percent to 2,369 ringgit ($609.55) a tonne at the end of the trading day.
  • 16 April, 2018
    The palm oil miracle
    The age-old sayings “Health is Wealth” and “You are what you eat” have profound effects on our daily lifestyles. Our current lifestyles unfortunately involve less physical activity and food choices that are more restrictive and more processed. As a result, we are witnessing modern man’s battle with obesity, diabetes and other degenerative diseases. Food can be the cause, and sometimes, the cure, for some of these ailments. In this context, our daily diets, made up mainly of three macronutrients – carbohydrates (sugars), protein and fats – often come under scrutiny.
  • 16 April, 2018
    UK supermarket chain Iceland wrongfully discriminates palm oil
    Sime Darby Plantation Bhd (SD Plantation) is disappointed over the misguided decision to ban palm oil, following the UK-based Iceland Supermarket chain's removal of palm oil products from all its own brand food lines. SD Plantation said by simply replacing palm oil with other vegetable oils will only impose more pressure on forests as more land is needed to produce the same amount of oil. The company also regret the statement made by Iceland’s managing director, Richard Walker, who said: “We don’t believe there is such a thing as guaranteed ‘sustainable’ palm oil available in the mass market.”
  • 13 April, 2018
    Time to seize the opportunity
    Much of the media debate surrounding palm oil in recent months has focused on the EU Parliament’s proposed ban on palm oil biofuels, as part of the Renewable Energy Directive (RED). This focus is understandable – RED represents an imminent threat, that must be opposed forcefully and Malaysia is leading the opposition to the proposed ban. The most recent negotiations in Brussels took place at the end of March as part of the ongoing EU Trilogue – palm oil was not discussed at length.