NEWS FEED
  • 26 June, 2019
    Malaysia palm oil price tumbles on lacklustre export data
    Malaysian palm oil futures slid on Tuesday, logging a fourth consecutive session of declines, as lacklustre export data and softer soyoil prices kept a lid on sentiment. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange was down 0.9% at 1,980 ringgit ($477.80) per tonne at the close, hitting a two-week low.
  • 21 June, 2019
    Palm oil may retest resistance at RM2,068
    Palm oil may retest a resistance at RM2,068 per tonne as it found a support at RM2,004. The resistance is provided by the 38.2% retracement on the downtrend from RM2,235 to RM1,964. Working together with this resistance is another one established by a falling trendline. The correction triggered by these resistances was quickly reversed. Such a reversal signals an extension of the uptrend from RM1,964, towards RM2,100. A break below RM2,028 may cause a loss to RM1,964.
  • 20 June, 2019
    Malaysian palm oil price up on expectation of better export data
    Malaysian palm oil futures jumped more than 1% on Wednesday as traders bet upcoming export data would overshoot forecasts. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 1.2% at 2,047 ringgit ($491) per tonne at the close. Cargo surveyors and an independent inspection company had over Saturday and Monday reported more than 15% falls in exports for the June 1-15 period.
  • 14 June, 2019
    Hoteliers urged to promote palm oil benefits to tourists
    The Ministry of Primary Industries has called on hotel operators to play their part and promote palm oil benefits to foreign visitors. Its Minister Teresa Kok said they could do so when serving foreign diners at their restaurants, as well as offering premium palm oil as a condiment. "We hope that the hoteliers can play their role by soft-selling our palm oil to the tourists in order to promote our own product," said Kok after ‘Love our Palm Oil’ programme with Penang Hoteliers Association and Penang Chefs Association, here today.
  • 12 June, 2019
    Malaysian palm oil price opens lower tracking weaker related oils(Update)
    Malaysian palm oil futures edged lower in early trade on Wednesday, weighed down by weaker overnight soyoil on the U.S. Chicago Board of Trade (CBOT) and a fall in oil prices. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last down 0.4% at 2,000 ringgit ($480.31) per tonne.
  • 11 June, 2019
    Malaysian palm oil price drops nearly 2pct to one-month low
    Malaysian palm oil futures fell nearly 2% on Monday to their lowest in a month, weighed down by losses in soyoil on the U.S. Chicago Board of Trade (CBOT) and weaker export demand. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% at 1,994 ringgit ($479.10) per tonne at the close of trade. It earlier fell as much as 1.8% to 1,991 ringgit, its weakest since May 14.
  • 10 June, 2019
    CPO futures likely to trade lower next week
    The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower next week with prices ranging between RM1,900 and RM1,950 per tonne amid expectations of a stronger ringgit against the US dollar. Interband Group of Companies senior trader Jim Teh said lower CPO prices would probably attract buyers.
  • 3 June, 2019
    Primary Industries Ministry encourages palm oil smallholders to get MPSO certification
    JASIN, June 1 — The Primary Industries Ministry and Malaysian Palm Oil Board will continue to raise awareness amongst oil palm smallholders to comply with standards under the Malaysian Sustainable Palm Oil (MSPO) certification programme.
  • 3 June, 2019
    M’sia strikes palm oil barter trade deal with China
    BEIJING: Malaysia has struck another palm oil deal with China, says Primary Industries Minister Teresa Kok. An additional one billion yuan (RM611mil) worth of palm oil, approximately 200,000 tonnes, will be exported to China in a barter trade, she said.
  • 31 May, 2019
    Poland against EU plan to ban use of palm oil for biofuels: Envoy
    Poland is against the European Union’s (EU) proposed plan to ban the use of palm oil as a component of biofuels, and stressed that the republic does not intend to reduce the demand for Malaysian palm oil. Polish Ambassador to Malaysia Professor Krzysztof Debnicki said that Poland – one of the major food producing countries in the EU – is one of the key recipients of palm oil, and the commodity is widely used in its food industry as well as chemical and cosmetics industries, and to a lesser extent as a component for biofuels.