NEWS FEED
  • 16 August, 2018
    Malaysian palm oil price falls to near 2-week low on low export demand
    Malaysian palm oil futures fell on Wednesday to their lowest in nearly two weeks in the second half of trade, tracking losses in U.S. soyoil and on weak export demand. Also, weighing on sentiment was weakness in the Indian rupee which has made imports expensive for local buyers in the South Asian nation. This will hurt palm oil export demand in Malaysia as India is the world's biggest importer of edible oils. The rupee fell to a record low of more than 70 per dollar on Tuesday, amid concerns about Turkey's economic woes spreading to other emerging markets such as India.
  • 16 August, 2018
    Palm dips on weak CBOT soyoil, low export demand
    Malaysian palm oil futures edged lower in first-half trade on Wednesday, tracking losses in US soyoil and on weak export demand. Also, weighing on sentiment was weakness in the Indian rupee which has made imports expensive for local buyers in the South Asian nation. This will hurt palm oil export demand in Malaysia as India is the world's biggest importer of edible oils. The rupee fell to a record low of more than 70 per dollar level on Tuesday as concerns about Turkey's economic woes spreading to other emerging markets such as India persisted.
  • 16 August, 2018
    2018 Global Palm Oil Market Trends and Opportunities CPO Price Trend – Views from Industry Experts
    MPOC’s second POINTERS for the year 2018 was held from 6-12 August, 2018. This effort is timely as fresh factors affecting CPO price fluctuations have surfaced in the second half of 2018. A panel of experts in this POINTERS seminar were engaged to provide updated views of the edible oil market situation and forecast 2018 CPO price trend. Besides CPO price forecasting, their papers cover 2018 global oils and fats supply outlook, Malaysia’s palm oil supply and demand, USA soybean production, China and India’s edible oil market situation.
  • 16 August, 2018
    Palm oil marketing efforts to be intensified in China
    The government is intensifying marketing efforts to increase palm oil exports and enhance trade ties with China in the face of challenging market conditions, says Primary Industries Minister Teresa Kok. The ministry would sign a collaboration memorandum and initiate free trade discussions with China in order to facilitate further export of Malaysian palm oil products to that country . “Prime Minister Tun Dr Mahathir Mohamad’s trip to China, scheduled for later this month, will be used as a platform to hold meetings and discussions on cooperation with the Chinese government,” Kok told the Dewan Rakyat today in reply to a question from Dr Azman Ismail (PKR-Kuala Kedah) who asked about the government’s strategy to increase palm oil exports to Europe and China.
  • 15 August, 2018
    Palm edges down on slower demand; trade range-bound
    Malaysian palm oil futures fell slightly in early trade on Tuesday, in line for a fourth straight day of losses, as sentiment declined on a weaker demand outlook. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange edged down 0.1% at RM2,202 (US$537.73) a tonne at the midday break, but was largely range-trading in the first half of trade. Palm had declined to a one-week low in its previous session when it saw its sharpest daily decline in a month. Trading volumes stood at 16,168 lots of 25 tonnes each at the midday break.
  • 15 August, 2018
    Palm oil prices near bottom as U.S.-China trade war hurts soy
    The worst may be over for palm oil prices as the U.S.-China trade could may boost demand, helping bring this year’s more than 10% slide to an end. Palm oil tumbled along with soybean prices, after China imposed higher import tariffs on U.S. soy in an escalating trade dispute between the countries. But increasing biodiesel consumption in Indonesia and palm oil’s widening discount to soy means prices are now bottoming, according to Golden Agri-Resources Ltd, the world’s second-largest grower by area. “Palm oil prices have room for strengthening,” Richard Fung, the director of investor relations at Golden Agri said on Tuesday, after the company reported earnings. “We are at the bottom of the price range currently and we do see some room for improvement.”
  • 15 August, 2018
    Malaysian palm oil price rebounds on weaker ringgit, short covering
    Malaysian palm oil futures rebounded from losses earlier in the day to chart a first day of gains in four sessions, lifted by a weaker ringgit and some short covering, traders said. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange edged up 0.4 percent to 2,213 ringgit ($540.42) a tonne at the close of trade.
  • 15 August, 2018
    No delay in responding to China's palm oil purchase
    The Ministry of Primary Industries has clarified that its Minister, Teresa Kok did not infer that a unit in the Ministry was slow in responding to, or following up with, requests by buyers from China to purchase palm oil. The Ministry said that Kok was referring to the failure by the company that was involved in the trade talk with China for being slow in responding to the request made by the buyers.
  • 14 August, 2018
    Malaysian palm oil price in sharpest drop in a month on trade war
    Malaysian palm oil futures registered its sharpest daily decline in a month on Monday evening, falling for a third straight day on weakness in soyoil on the Chicago Board of Trade. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange was down 1.7 percent at 2,204 ringgit ($538.88) a tonne at the end of the trading day for its sharpest daily decline since July 13. It had dropped earlier by as much as 1.9 percent to 2,200 ringgit, its lowest since Aug. 7. Trading volumes stood at 35,352 lots of 25 tonnes each at the end of the trading day.