News
Malaysia April 1-10 Palm Exports Dip 30 Percent
Malaysia’s palm oil exports fell 30 per cent in the first 10 days of April compared with the previous month, estimated Societe Generale de Surveillance, an independent cargo surveyor.A total of 303,423 metric tons of palm oil were tracked April 1-10, SGS said in an e-mailed report today. Malaysia ex...
Malaysia March Palm Stocks Fall 7.5 Percent
Palm oil stockpiles in Malaysia, the world’s second-largest producer, declined 7.5 per cent in March compared with the previous month as exports jumped. Inventory of the edible oil, used mostly in cooking, fell to 1.65 million metric tons from 1.79 million tons in February, the Malaysian Palm Oil Bo...
India May Pass China as Top Vegetable Oil Buyer
BEIJING: India may overtake China as the world’s top importer of vegetable oil. Growth in the two nations’ consumption will drive global demand for palm and soybean oil, according to Cofco Ltd, China’s biggest grain trader. Colder temperatures in China may curb the country’s ...
CPO Futures Market Back on Bullish Track
OBSERVATIONS: The Kuala Lumpur CPO futures market did what the technicals had the previous week indicated it would do: break through on the upside the erstwhile RM2,570 a tonne overhead resistance level. In so doing, it also has signalled that this market is now back on the bull track – at lea...
CPO Futures Trading to be Rangebound
Crude palm oil (CPO) futures prices on the Malaysia Derivatives Exchange will be traded rangebound next week with stock figures due to be released. The data will dictate price direction, dealers said. They said that the next support level would be at RM2,500 per tonne and immediate resistance at RM2...
IOI Thinks Palm Oil Price Can Hit RM3,000 Soon
IOI Corp Bhd (1961)anticipates palm oil prices to hit RM2,800 to RM3,000 a tonne in the next few months as it braces for lower output. As one of the most efficient planters and biggest palm oil producers in the country, IOI’s price forecast is highly awaited by vegetable oil traders and analys...
