NEWS FEED
  • 22 October, 2018
    Palm oil may test resistance at 2,238 ringgit
    Palm oil may test a resistance at 2,238 ringgit per tonne, a break above which could lead to a gain to 2,262 ringgit. The contract is expected to stabilise around a support at 2,219 ringgit, which is provided by the 50 percent projection level of an upward wave C from the Sept. 20 low of 2,137 ringgit.
  • 19 October, 2018
    Malaysia, EU to sign PCA in January 2019
    Malaysia and the European Union (EU) plan to sign a partnership cooperation agreement (PCA) in January 2019, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said. Malaysia will be looking beyond bilateral trade and investment once the PCA is signed with the EU, she told Bernama and RTM after meeting Federica Maria Mogherini, High Representative of the EU for Foreign Affairs and Security Policy on Thursday. A PCA is a comprehensive agreement on bilateral and multilateral cooperation comprising politics, economics, trade, investment, justice, culture, education, science and technology, healthcare, agriculture, tourism, energy, traffic, and environment.
  • 19 October, 2018
    Malaysian palm oil price falls tracking weakness in related oils
    Malaysian palm oil futures fell on Thursday, snapping two days of gains, as it tracked weaker crude oil prices and a drop in U.S. soyoil in Chicago. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange closed down 1 percent at 2,239 ringgit ($538.87) a tonne, its sharpest decline in a week. It fell as much as 1.6 percent during the day to 2,224 ringgit. Trading volumes totalled 54,283 lots of 25 tonnes each. "Palm is down mirroring weakness in competing vegetable oils," said a Kuala Lumpur-based trader, referring to soyoil on the Chicago Board of Trade and related edible oils on China's Dalian Commodity Exchange.
  • 18 October, 2018
    Palm rises on lean output expectations, firm soyoil futures
    Malaysian palm oil futures were poised for a second day of gains on Wednesday, buoyed by firm soyoil on the Chicago Board of Trade and on expectations of lean production growth in October. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.5% at 2,254 ringgit (US$542.87) a tonne at midday break, close to a one-month high hit in its previous trading session at 2,257 ringgit. Trading volumes stood at 17,369 lots of 25 tonnes each at noon.
  • 18 October, 2018
    EU palm oil expert panel to visit M’sia end of the month
    The European Commission's (EC) palm oil expert panel will make its first visit to Malaysia at the end of this month to address concerns over the sustainability of the palm oil industry. Primary Industries Minister Teresa Kok said she hoped the panel members would recognise Malaysia's efforts towards achieving the United Nations Sustainable Development Goals during their visit.
  • 17 October, 2018
    Palm oil may retrace into 2,214-2,228 ringgit range before rising
    Palm oil may retrace into a range of 2,214-2,228 ringgit per tonne, before retesting a strong resistance at 2,251 ringgit. The resistance is provided by the 100 percent projection level of an upward wave (c) from the Oct. 11 low of 2,153 ringgit.
  • 17 October, 2018
    Malaysia keeps Nov crude palm oil export tax at zero pct
    Malaysia maintained its export tax on crude palm oil for November at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Wednesday, citing the national customs department. The export tax was at zero percent in October.
  • 17 October, 2018
    Malaysian palm oil price eases gains after hitting 5-week top on weaker exports
    Malaysian palm oil futures ended the trading day higher on Tuesday evening, after earlier striking a 5-week high following overnight gains in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange was up 0.1 percent at 2,244 ringgit ($540.53) a tonne at the close of trade, after rising to its highest since Sept. 12 at 2,257 ringgit earlier in the session.
  • 16 October, 2018
    Malaysian palm oil/Vegoils: Market factors to watch Tuesday Oct 16
    Malaysian palm oil futures fell from a one-week high to close lower on Monday, as export data showing weaker shipments. U.S. soybean futures jumped 2.8 percent on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of U.S. soy cargoes headed to China, analysts said.
  • 16 October, 2018
    Malaysian palm oil price falls from one-week high on weaker exports
    The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit ($526.72) a tonne at the close. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was 0.2 percent lower at 2,188 ringgit ($526.72) a tonne at the close.