NEWS FEED
  • 26 April, 2019
    Malaysian palm oil price slides on overnight soyoil losses
    Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight U.S. soyoil prices and on forecasts of slower-than-expected declines in output. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was down 0.6 percent at 2,157 ringgit ($521.77) a tonne at the close of trade, after earlier rising to a three-day top of 2,179 ringgit.
  • 25 April, 2019
    Malaysian palm oil price reverses losses on stronger demand outlook
    Malaysian palm oil futures recouped earlier losses to close flat at the end of the trading day on Wednesday, helped by gains in the U.S. soyoil and on prospects of improving export demand. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was at 2,170 ringgit ($526.06) a tonne at the close of trade.
  • 24 April, 2019
    Palm oil biased to fall towards RM2,110
    Palm oil is biased to break a support at RM2,155 per tonne and fall towards the next support at RM2,110, following its failure to break a resistance at RM2,227. The support and the resistance are identified as the 38.2% and the 61.8% retracements on the downtrend from RM2,344 to RM2,038.
  • 23 April, 2019
    Palm oil may retest resistance RM2,227
    Palm oil may retest a resistance at RM2,227, as it has stabilised around a support at RM2,191 per tonne. The support and the resistance are identified as the 50% and the 61.8% retracements of the downtrend from RM2,344 to RM2,038.
  • 22 April, 2019
    Daim: Be one step ahead in tackling palm oil's yo-yo market
    Malaysia must be one step ahead in planning ways to react to the price volatility in the palm oil market to protect the country's source of income, as well as the wellbeing of the smallholders, says Council of Eminent Persons chairman Tun Daim Zainuddin. He said since Malaysia is a small country and 80% of its crude palm oil (CPO) and palm oil-based products are exported, it is vital for the country to team up with Indonesia, the world largest producer of the commodity, especially in tackling the challenges from the European Union (EU) and the US-China trade dispute.
  • 19 April, 2019
    China injects RM3.7bil palm oil deal, more to come
    China is committed to significantly increase the purchase of Malaysian palm oil, following the revival of the stalled East Coast Rail Link. Following good demand from 300 million out of its 1.4 billion population, it is keen on not only doing that, but also assisting Malaysia in improving the crops’ yield. Revealing this, China’s ambassador to Malaysia Bai Tian said the republic was going a step further by also eyeing bilateral offset deals that involve defence, aerospace, security, maritime, construction and financial services.
  • 18 April, 2019
    Malaysia keeps May crude palm oil export duty at 0pct
    (April 17): Malaysia kept its export duty on crude palm oil for May at 0%, according to a circular on the Malaysian Palm Oil Board's website on Wednesday that cited the national customs department. The duty has been at 0% since September.
  • 17 April, 2019
    Expert: Palm oil not linked with diseases
    Some critics have claimed that palm oil is linked with heart disease and other non-communicable diseases. But a nutritional biochemist pointed out that many studies have shown that saturated fat may not have an impact on heart disease risk. Wayne State University’s Depar­tment of Nutrition and Food Science Associate Prof Dr Pramod Khosla said that many such studies have since emerged since 2011. He added palm oil is a balanced oil with an equal amount of unsaturated and saturated fats.
  • 17 April, 2019
    Malaysia might continue suspending FTA talks with EU and EFTA
    Malaysia may continue to suspend Free Trade Agreement (FTA) talks with the European Union (EU) and the European Free Trade Association (EFTA) until the issue of unfair and discriminatory practices against palm oil is resolved. International Trade and Industry Ministry deputy secretary general (trade) Datuk Seri Norazman Ayob said Malaysian palm oil crop was singled out for deforestation with the highest in-direct land use risk, contributing to high carbon emission.