News
CPO futures extend gains as demand improves
KUALA LUMPUR (Aug 24): The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives extended gains to close higher on Wednesday, spurred by positive market sentiment. Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said the local market was influenced by the bullish mo...
Fitch Solutions expects CPO prices to drop to RM4,000 per tonne in 2023; dip further in following years
KUALA LUMPUR (Aug 22): Fitch Solutions Country Risk and Industry Research anticipates the current downward trend in crude palm oil (CPO) prices to continue in the next four years to a low of RM2,600 per tonne in 2026. The research outfit expects the edible oil prices to decline 23.1% year-on-year to...
Research houses: Competition in crude palm oil market to remain stiff in near term
KUALA LUMPUR, Aug 11 ― Malaysia will continue to see intense competition in the crude palm oil (CPO) market from Indonesia as the country will be flushing out its bloated inventory ahead of its seasonal peak production months. Maybank Investment Bank Bhd (Maybank IB) said the three initiatives annou...
Palm oil price climbs
KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer. Futures for October delivery soared 5.1% to close at RM4,076 a tonne [&h...
Malaysia says ready to help India meet palm oil demand
KUALA LUMPUR (Aug 4): Malaysia said on Thursday (Aug 4) it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia. India is expected to see a surge in demand to around 800,000 tonnes per month for the next six months, Malaysia’s Plant...
Better CPO ASPs, higher FFBs to drive Ta Ann earnings, says Maybank IB
KUALA LUMPUR: Better crude palm oil (CPO) average selling price (ASP) and higher fresh fruit bunches (FFB) output are expected to drive Ta Ann Holdings Bhd’s earnings in the second quarter (Q2) of 2022. Maybank Investment Bank Bhd (Maybank IB) has forecasted Ta Ann’s Q2 2022 net profit t...
