News
Afghanistan can be ‘Golden Gateway’ for Malaysian palm oil to Central Asia
KUALA LUMPUR (April 10): Afghanistan can be the ‘golden gateway’ for Malaysian palm oil to be marketed in Central Asia such as Turkmenistan, Uzbekistan, Kyrgyzstan, and Tajikistan as well as other countries in the region. The Ministry of Plantation Industries and Commodities (MPIC) said ...
CPO futures reverses gains on profit taking
KUALA LUMPUR (April 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday due to profit-taking activities after three consecutive days of gains. Palm oil trader David Ng said the market was volatile, with prices retreating after hitting RM3,900 per tonne...
Sri Lanka palm oil ban won’t affect industry
MELAKA: Sri Lanka’s ban on palm oil imports from Malaysia is not expected to affect the country’s key commodity industry as Malaysia’s market is growing in several countries such as Africa and the Middle East. Minister of Plantation Industries and Commodities Datuk Dr Mohd Khairuddin Aman Razali sai...
CPO futures end higher for third day running
KUALA LUMPUR (April 7): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued its rally to end higher for the third consecutive day, boosted by stronger soybean oil performance on the US Chicago Board of Trade (CBOT) and firmer crude oil prices. The overnight CBOT soybean...
Malaysia’s March-end palm oil stocks seen rising as output increases
KUALA LUMPUR (April 5): Malaysia’s palm oil inventories likely inched higher by the end of March as production advanced for the first time in six months, though a surge in exports kept supply tight, a Reuters survey showed on Monday. The palm oil stockpile in the world’s second-largest p...
MPOC: Moderate recovery seen for Malaysia’s palm oil exports in 2021
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 metric tonnes (MT) for 2021 compared with 19.14 MT last year, the Malaysian Palm Oil Council (MPOC) said. Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said th...
