News
Malaysia end-Jan palm oil stocks fall 11.83pc, says MPOB
KUALA LUMPUR: Malaysia’s palm oil stocks at the end of January fell 11.83 per cent from the previous month to 2.02 million metric tons, more than expected, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday. Crude palm oil production decli...
Sabah cabinet approves oil palm biomass industry policy
KOTA KINABALU: The Sabah cabinet has approved the Oil Palm Biomass Industry policy, says Chief Minister Datuk Seri Hajiji Noor. After chairing the Chief Minister’s Department post-cabinet meeting at Menara Kinabalu here on Wednesday (Feb 7), he said the cabinet had also decided to impose a Sta...
Johari Ghani: Malaysia to work with Egypt to expand palm oil exports to Africa
KUALA LUMPUR, Feb 7 ― The Ministry of Plantation and Commodities intends to make Egypt an essential part of its plan to expand Malaysia’s palm oil exports to the African continent through the Suez Canal Economic Zone. Its minister Datuk Seri Johari Abdul Ghani said economic cooperation in the ...
India’s January palm oil imports hit three-month low as soyoil shipments rise, say dealers
MUMBAI (Feb 5): India’s palm oil imports fell to a three-month low in January, as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO), five dealers told Reuters on Monday. Lower purchases by the world’s biggest importer of vegetab...
Palm oil dips on India’s import cut plans; set for worst week in 9 months
Malaysian palm oil futures extended losses to a fourth session on Friday, set for their worst week in nine months after top buyer India sought to cut vegetable oil imports, while prolonged weakness in rival edible oils also weighed on sentiment. The benchmark palm oil contract for April delivery on ...
Price of crude palm oil expected to trend higher in the near term
PETALING JAYA: Trading opportunities have emerged in the crude palm oil (CPO) futures market in the first quarter of this year, as prices are expected to trend higher in the near term. According to Maybank Investment Bank (Maybank IB) Research, the price of CPO is expected to strengthen this month d...
