NEWS FEED
  • 27 August, 2014
    Palm oil/Vegoils: Market factors to watch Aug 27 Wednesday
    Malaysian palm oil futures failed to hold on to earlier gains and inched downon Tuesday as worries of plentiful supplies of rival edible oils alongsiderising palm oil production continued to pressure prices.
  • 27 August, 2014
    Palm Futures End Lower
    KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday after Monday's rebound on continued selling pressure. A dealer said there was no fundamental reason for the rebound to outweigh negative news surrounding the market.
  • 26 August, 2014
    Palm Oil Ends Higher After Tumbling to March 2009 Low
    KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday, snapping an eight-day losing streak, as short-covering reversed losses from the morning session and helped the tropical oil stay above 2,000 ringgit. Palm had tumbled to a March 2009 low of 1,954 ringgit in early trade as financing troubles in China, coupled with lacklustre export demand, triggered speculative selling.
  • 26 August, 2014
    CPO Futures Prices Rebound on Stronger Soybean Market
    KUALA LUMPUR: Crude palm oil (CPO) futures prices rebounded to close higher yesterday propped up by the strong gain on Chicago soybean market. Phillip Futures derivative product specialist David Ng said the news would provide a fresh catalyst for traders to drive up prices after having experienced a long bearish market recently.
  • 26 August, 2014
    Palm Oil Exports From Indonesia Climb to Highest in Seven Months
    Palm oil shipments from Indonesia, the world’s largest producer, expanded to the highest level in seven months in July after India and countries in Africa increased purchases amid a decline in prices. Exports rose to 1.84 million metric tons from 1.79 million tons in June, the Indonesian Palm Oil Association, known as Gapki, said in a statement today. That compares with the median of 1.8 million tons in a Bloomberg survey published on Aug. 18 and 1.6 million tons in July 2013.
  • 25 August, 2014
    CPO Prices Depressed on Continuous Selling
    KUALA LUMPUR: Crude palm oil (CPO) futures prices remained lower on continuous selling yesterday, a dealer said. Phillip Futures derivatives specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting concerns over weak exports and high production for the month coupled with weak sentiment in the soy bean market.
  • 25 August, 2014
    Crude Palm Oil Weekly Report – 24 August 2014
    Malaysian palm oil futures edged lower on Friday to 1,999, reaching a five year low due to an oversupply of other edible oilseeds including soybean oil coupled with a strong ringgit. Futures Crude Palm Oil (FCPO) benchmark November 2014 contract settled at 1,999 which was down 94 points or 4.7 per cent from 2,093 last Friday. Open interest based on Thursday increased to 989,463 contracts from 975,461 contracts last Thursday.
  • 22 August, 2014
    Malaysian Palm Oil Slips to Five-year Low on Talk of Defaults on Cargoes
    JAKARTA: Malaysian palm oil futures fell for a seventh-consecutive session to their lowest level in nearly five years on Thursday, with traders citing talk that major consumers in China and India had defaulted on cargoes. Easing crude and competing oilseed prices coupled with a strong ringgit and slowing palm oil exports helped to push palm to its lowest levels since October 2009, with mixed expectations on how long the decline will last. "There were rumours of defaults (surrounding) some huge consumers from India and China," said a trader with a local commodities brokerage in Malaysia, declining to give any names.
  • 21 August, 2014
    Malaysian Palm Oil Price Slides to 5-year Low in 6th Consecutive Session
    SINGAPORE: Malaysian palm oil lost more ground on Wednesday, falling for a sixth consecutive session to its lowest since October 2009 as slowing exports and prospects of near-record U.S. soybean production weighed on the market. Exports of Malaysian palm oil products for Aug. 1-20 fell 5.39 percent to 822,026 tonnes from the 868,843 tonnes shipped during July 1-20, cargo surveyor Intertek Testing Services said. According to cargo surveyor Societe Generale de Surveillance (SGS), palm oil product exports over the same period fell 8.3 percent.
  • 21 August, 2014
    Tocotrienols for Brain Health
    MALAYSIA’s top spot as the first country to commercialise tocotrienols has been strengthened by the findings of a two-year human clinical study carried out at Universiti Sains Malaysia, which now lend promise for the preservation of brain health. Derived from palm oil, this Vitamin E supplement, consumed long-term, has been found to protect brain cells and the nervous system as well as help minimise brain cell injuries, especially during a stroke. The clinical study was published in the American Heart Association journal, Stroke.