News
MPOC Launches Campaign Promoting Palm Oil Goodness in Dubai
DUBAI: The Malaysian Palm Oil Council (MPOC) and Lulu International Group have entered into a partnership to promote Malaysian palm oil-based products at Lulu Hypermarkets in Dubai. A memorandum of understanding (MoU) between MPOC and Lulu International group was signed during the opening of the Sus...
Malaysia end-Dec palm oil stocks seen at 5-month low as output plunges
KUALA LUMPUR, Jan 5 (Reuters) – Malaysia’s palm oil inventories at the end of December likely shrunk to their lowest in five months, squeezed by a slump in production, a Reuters survey showed on Wednesday. Stocks at the world’s second-largest producer are forecast to fall 4.9% from...
Promoting Malaysian Palm Oil to the World
PALM oil is a key driver of Malaysia’s agriculture and agro-based sectors, generating approximately RM91.4bil in export revenue and sold in more than 180 countries between January and November 2021. According to Plantation Industries and Commodities Minister Zuraida Kamaruddin, the palm oil industry...
Maybank IB: Malaysia’s average CPO spot price up 53% y-o-y to RM5,171 in 4Q21
KUALA LUMPUR (Jan 4): Malaysia’s crude palm oil (CPO) spot price averaged at RM5,171 in fourth quarter of 2021 (4Q21), an increase of 53% year-on-year (y-o-y) or an improvement of 17% quarter-on-quarter (q-o-q), said an analyst. In a research note, Maybank Investment Bank (Maybank IB) Research analy...
Palm oil prices to stay high as fertiliser costs limit output, says CPOPC
KUALA LUMPUR, Jan 2 (Reuters): Palm prices are expected to stay strong next year as production will remain constrained due to soaring fertiliser costs and long-standing labour shortages, the Council of Palm Oil Producing Countries (CPOPC) had announced. The sector, which is already facing sluggish y...
CPO futures to trade range-bound
PETALING JAYA: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in range-bound mode this week, as market players lack movement catalysts. Palm oil trader David Ng said the traders lacked fresh leads, mainly on production and export data for this month. “Ba...
