News
Southeast-Asia Palm Oil Sector Facing Double Blow
JAKARTA: South-East Asia’s booming palm oil industry is facing a double blow from a recent drought and a possible El Nino weather phenomenon later this year, with analysts warning a production shortfall could spark a jump in consumer goods prices. From biscuits to shampoo and make-up, the ...
Palm oil/Vegoils: Market factors to watch May 12 (Monday)
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets Monday. FUNDAMENTALS * Malaysian palm oil futures ended higher on Friday, following gains in overseas soyoil markets, although a stronger ringgit and investor wariness ahead of indu...
Crude Palm Oil Weekly Report – 11 May 2014
Technical analysis for FCPO / FCPO Daily Chart Source: BursaStation Professional Malaysian palm oil futures ended 0.6 per cent lower for the week. However, on Friday, market closed on a higher note as it followed gains in overseas soy oil markets. Despite closing higher on Friday, a stronger ringgit...
Indonesia’s Palm Oil Output Seen Above 28 Million Tonnes
Indonesia’s palm oil output is expected to exceed 28 million tonnes this year, industry groups said on Tuesday, adding any impact from the El Nino weather phenomenon forecast for this year is unlikely to affect production until 2015. A strong El Nino can induce droughts and wither crops in Sou...
PREVIEW-Malaysia’s April Palm Oil Stocks Seen at 3-mth High
* April palm oil stocks seen at 1.70 mln T vs 1.69 mln T in March * Production likely at 1.53 mln T, highest since Dec 2013 * Exports seen rising 3.8 pct to 1.29 mln T * Malaysian Palm Oil Board data due May 12, after 0430 GMT By Anuradha Raghu KUALA LUMPUR, May […]
CPO Futures Down on Low Demand
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated to close lower on low demand. Phillip Futures Sdn Bhd Product Specialist David Ng said the trading was rangebound as some buyers remained sidelined ahead of the release of production and export data by Ma...
