NEWS FEED
  • 20 September, 2018
    Malaysian palm oil price falls to 2-month low on inventories outlook
    Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer nations. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,158 ringgit ($520.83) a tonne at the close of trade for a third consecutive day of losses. The contract had earlier declined by as much as 1.9 percent to 2,156 ringgit, its lowest since July 25.
  • 19 September, 2018
    Malaysian palm oil price slides over 2pct on expectations of rising output
    Malaysian palm oil futures fell more than 2 percent on Tuesday evening to a one-month low on expectations of rising production. Futures were also under pressure due to the Chinese-U.S. trade dispute and weakness in related edible oils, traders said. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 2.2 percent at 2,198 ringgit ($530.79) a tonne at the end of the trading day.
  • 19 September, 2018
    Malaysia, Indonesia urged to work together to enhance palm oil usage
    Malaysia and Indonesia should work together to enhance the usage of palm oil in the global market and tackle the misunderstanding surrounding the commodity, particularly in Europe and the United States, Oil World Executive Director Thomas Mielke said. He said the world’s top two palm oil producers should disseminate the real fact that palm oil is sustainably produced. “It should also include efforts at improving the farming standards and criteria which are equal to soya bean oil, grape seed and also sunflower oil.
  • 18 September, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday Sept 18
    Malaysian palm oil futures fell to a two week low on Friday over concerns of rising stocks, a stronger ringgit MYR= and weaker related edible oils. U.S. corn futures fell about 1 percent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said.
  • 14 September, 2018
    Malaysian palm oil price snaps losing streak on technical correction
    Malaysian palm oil futures edged higher on Thursday evening to snap four sessions of declines on a technical correction and support from a strong demand outlook. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was 0.3 percent higher at 2,243 ringgit ($541.40) a tonne at the close of trade, after hitting a two-week low in the previous session.
  • 14 September, 2018
    Palm oil may bounce to 2,274 ringgit
    Palm oil may bounce to 2,274 ringgit, as it has stabilized around a support at 2,227 ringgit per tonne. The support is identified as the 23.6 percent projection level of an upward wave C from 2,197 ringgit. This wave may consist of three smaller waves. The second wave labelled b could have ended around 2,227 ringgit. The third wave labelled c has just started, unfolding towards 2,322 ringgit. A rising trendline remains intact, indicating the uptrend is steady.
  • 13 September, 2018
    Malaysian palm price drops over 1pct on bearish data, soyoil weakness
    Malaysian palm oil futures fell more than 1 percent in its fourth straight session of losses on Wednesday evening, tracking weakness in soyoil and bearish data for August released by the Malaysian Palm Oil Board (MPOB). Palm oil stockpiles in August rose 12.4 percent from a month earlier to 2.49 million tonnes, while production gained 7.9 percent to 1.62 million tonnes, data released by the industry regulator during the midday break showed.
  • 13 September, 2018
    Palm extends falls on soyoil weakness
    Malaysian palm oil futures declined for a fourth straight session on Wednesday, tracking weakness in soyoil and on caution before the release of Malaysian Palm Oil Board (MPOB) data for August. Palm oil stockpiles in August rose 12.4% from a month earlier to 2.49 million tonnes, while production gained 7.9% to 1.62 million tonnes, data released by the industry regulator during the midday break showed. However, exports fell 8.1% to 1.1 million tonnes. A Thomson Reuters poll had forecast August output to rise 9.9% to 1.65 million tonnes, raising inventory levels to a six-month top of 2.41 million tonnes.
  • 12 September, 2018
    Better outlook for planters
    The earnings of plantation companies are expected to recover in the second half of this year after the sector took a hit in the last quarter. The results of most local plantation were down in the second quarter due to the triple-whammy of low crude palm oil (CPO) prices, low output and high cost of production. Compared with their regional peers who delivered decent results, Malaysian plantation companies lagged behind in terms of financial results. According to Maybank Investment Bank Research, out of the 10 plantation stocks under its coverage, only 20% was in line while the rest fell short of its Q2 2018 result expectations.
  • 12 September, 2018
    Profit taking in palm oil market next week?
    The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see profit taking next week as oversupply concerns loom in line with the seasonal trend, said a dealer. This is more so in a short-trading week as investors will avoid taking long positions. Next week, the market will be closed for the King's Birthday (Monday) and Awal Muharram (Tuesday).