News
Malaysian palm oil price gains on demand recovery; output data in focus
KUALA LUMPUR: Malaysian palm oil futures charted their first gain in a week on Monday evening, supported by signs of a demand recovery, though traders were watching for official data on Malaysian output and inventories due this week. The Bursa Malaysia Derivatives Exchange benchmark palm oil contrac...
Palm closes at near 8-week low on weaker related oils
JAKARTA: Malaysian palm oil futures dropped 0.7% on Monday to post its lowest closing in nearly eight weeks, dragged down by weaker soyoil prices in China. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell to 2,134 ringgit ($509.92) per tonne, the ...
Dr M defends palm oil in UN address
NEW YORK: Using the United Nations as his stage, Tun Dr Mahathir Mohamad made his case against attempts to ban the import of palm oil, describing it as a classic case of blocking free trade. The Prime Minister said there was nothing to show that palm oil had any adverse health effects. Alluding...
Malaysian palm oil price hits over 6-week low on firm output, weaker demand
KUALA LUMPUR: Malaysian palm oil futures fell to an over six-week trough on Tuesday evening, recording a fifth straight session of losses on cues from prospects of firm output, slowing demand and weaker related edible oils. The benchmark palm oil contract for the December delivery on the Bursa Malay...
Palm oil industry is highly sustainable
PUTRAJAYA: Despite criticism on one of the country’s prized commodities, Teresa Kok said Malaysia will not waver in its commitment to show the world that the palm oil industry is highly sustainable. The Primary Industries Minister aims to prove that Malaysia is trying its best to strike a balanc...
Malaysian palm futures down 1% on sluggish exports, firm output
KUALA LUMPUR Malaysian palm oil futures fell over 1% on Monday evening, extending losses into a fourth consecutive session on expectations of sluggish export demand and higher production. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.7% a...
