News
CPO futures likely to see volatile trading next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a volatile mode next week, as investors wait for reports by the Malaysian Palm Oil Board (MPOB) and the United States Department of Agriculture (USDA). Mumbai-based Sunvin Group commodity rese...
MPOC garners RM66mil in potential palm oil sales in Kazakhstan, Uzbekistan
KUALA LUMPUR: The Malaysian Palm Oil Council (MPOC) has garnered RM66 million in potential sales in a recent trade and networking visit to Kazakhstan and Uzbekistan. In a statement today, MPOC said 11 members of the industry from seven Malaysian palm oil companies participated in this inaugural even...
Palm oil stockpiles in Malaysia to hit nine-month low as exports soar
KUALA LUMPUR: Palm oil stockpiles in Malaysia likely plunged the most in more than two years in March, dropping below the two million-tonne level, as exports jumped and production in the second-biggest grower in the world continued to weaken. Inventories shrank about 18% from a month earlier to 1.75...
India’s March palm oil imports jump on discounts, say dealers
MUMBAI, April 5 ― India’s March palm oil imports jumped 28 per cent from an eight-month low in February, as discounts on the tropical oil prompted refiners to curb purchases of soyoil and sunoil, five dealers told Reuters today. The rise in palm oil imports by India, the world’s biggest ...
MPOB, China’s CFNA to enhance trade, cooperation on palm oil supply chain stabilisation
KUALA LUMPUR (April 2): The Malaysian Palm Oil Board (MPOB) has signed a memorandum of understanding (MOU) with the China Chamber of Commerce of Import and Export of Foodstuffs, Native Produce, and Animal By-products (CFNA) to enhance trade and cooperation in the palm oil sector betwe...
Plantation Ministry: No plan to regulate price of Malaysian palm oil as govt-controlled product
KUALA LUMPUR, March 30 — The Ministry of Plantation and Commodities (KPK) said the government does not plan to regulate the price of Malaysian palm oil as a government-controlled product for now. The ministry affirmed that this was because the price of palm oil in the market is influenced by fundame...
