MEDIA & RESOURCE CENTER

Palm oil may fall to RM1,933

21-Nov-2018
Palm oil may fall to RM1,933 per tonne, as it has broken a support at RM1,972. The support is identified as the 176.4% projection level of a downward wave C from RM2,265. The next support will be at RM1,933, a break below which could cause a further loss to RM1,870. The support caused a bounce which indeed a spread between two contracts with different expiry dates. Based on the size of this bounce, palm oil may fall to RM1,870 as well.

Malaysia's Nov 1-20 palm oil exports fall 3.2pct - ITS

21-Nov-2018
Exports of Malaysian palm oil products for Nov 1-20 fell 3.2% to 785,493 tonnes, from 811,012 tonnes shipped during Oct 1-20, cargo surveyor Intertek Testing Services said on Tuesday.

Malaysian palm oil/Vegoils: Market factors to watch Monday Nov 19

19-Nov-2018
Malaysian palm oil futures fell more than 3 percent on Friday and were expected to remain under pressure until at least the start of 2019 due to high inventories, traders said.

Hypocrisy won’t help environment

19-Nov-2018
CHRISTMAS for the United Kingdom’s supermarket chain Iceland is being welcomed with a major campaign discriminating against palm oil. Craftily partnering with Greenpeace, they have leveraged the “Rang-Tan” video as an Iceland supermarket promotional gimmick against palm oil. Their stated goal – to have this advertorial extensively played on British commercial television networks.

Malaysian palm oil price struggles near 3-year low as stockpiles swell

16-Nov-2018
MUMBAI: Malaysian palm oil futures on Thursday struggled to recover from a more than three-year low hit in the previous session, as rising inventories in the world's second-biggest producer weighed on the market and physical demand showed no signs of improvement despite a hefty price correction.
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