News
Zuraida: Putrajaya cannot compel profitable palm oil exporters to sell cheaper domestically
KUALA LUMPUR (Aug 3): The government has no legal provisions that can be enforced on oil palm plantation companies that earn large profits from palm oil exports so that they supply a certain quantity of palm oil for domestic consumption at a cheap price. Minister of Plantation Industries and Commodi...
India’s palm oil imports from Malaysia to remain stable in 2H22 — IVPA
KUALA LUMPUR (July 28): The Indian Vegetable Oil Producers’ Association (IVPA) estimated India’s palm oil imports from Malaysia to remain stable in the second half of the year (2H22), making up about 55% of the country’s total palm oil imports despite Indonesia’s move to accelerate palm oil exports....
Palm oil prices to fall more due to distress selling by Indonesia — LMC International
KUALA LUMPUR (July 26): Palm oil prices will weaken further in the short term due to softer demand and “distress selling” by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday (July 26). Malaysia’s benchmark crude palm oil prices rose to record hi...
Palm oil extends losses as Indonesian supply to flood the market
SINGAPORE (July 25): Palm oil fell for a third straight day, as the market remains cautious of a fresh attempt by Indonesia to ramp up overseas shipments. Futures for October delivery swung between gains and losses before closing 1.6% lower at RM3,646 (US$819) a tonne, the lowest in more than a...
Malaysia’s palm oil demand to sustain despite Indonesia’s export levy waive – Zuraida
KUALA LUMPUR: Demand for Malaysia’s palm oil will continue to rise globally despite Indonesia’s decision to waive its palm oil export levy to cut bloated stockpiles, said Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin. She assured that market jitters, if there...
High commodity prices boost Bursa activity
In times of volatility, the increased trading in FCPO shows continued confidence from the palm oil industry as well as the global trading community in FCPO as an effective risk management tool. HIGH commodity prices have boosted the trading of crude palm oil futures (FCPO) on Bursa Malaysia although...
