News
MIDF : Malaysia 2H palm oil inventory seen higher
KUALA LUMPUR (Sept 11): Malaysia’s palm oil inventory in August dropped 10% on year to 2.2 million metric tons, marking the first on-year decline since July 2017, as export demand grew at a faster pace than production mainly due to strong demand growth from India, latest data show. But MIDF Re...
CPO to trade at RM1,900-RM2,200
PETALING JAYA: Crude palm oil (CPO) is expected to trade between RM1,900 and RM2,200 per tonne this month as rising optimism on lower stockpile will likely be offset by weaker demand from India following the major edible oil importer’s move to raise the import duty on palm oil by 5%, according to an...
Malaysian palm oil price slides to 2-week low as US soyoil, slowing demand growth weighs
KUALA LUMPUR: Malaysian palm oil futures fell over 2% at the close of trade on Tuesday, pressured by weaker export growth and losses in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was last down 2.4% at 2,181 r...
High time for country to diversify palm oil usage — Teresa
KUALA LUMPUR (Sept 3): It is time for Malaysia to discover more new uses of palm oil to create more demand for the commodity, in an effort to stabilise the crude palm oil prices, said Primary Industries Minister Teresa Kok. Thus, she hopes the ministry would be allotted a bigger allocation in t...
Palm falls to one-week low as related oils drag
KUALA LUMPUR: Malaysian palm oil futures fell more than 1% on Thursday, pressured by losses in related edible oils and concerns that top buyer India may increase import taxes. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange closed down 1.4% at 2,221 r...
Malaysia takes to active information campaign within EU on palm oil
BERLIN (Aug 29): Malaysia is going on the offensive to inform the European Union (EU) about their palm oil policy, and also prevent the EU from taking what is being portrayed as a “propensity towards protectionism”. Germany, Europe’s strongest economy, takes a softer approach in the palm oil issue a...
