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CPO prices to be supported at current levels in near term, say analysts

ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s ...

CPO futures likely to trade on a slightly upward bias next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias next week given the recent weakness in prices which may prompt bargain-buying activities, said palm oil trader David Ng. He said Malaysian palm oil export data (Novemb...

Lower CPO prices likely to affect sector results

PETALING JAYA: Beseiged by the lower crude palm oil (CPO) prices, most planters will likely register weaker performances for both quarter-to-quarter (q-o-q) and year-on-year (y-o-y) in their upcoming results to be announced, from next week. According to Hong Leong Investment Bank (HLIB) Research, mo...

MPOC urges EU to recognise Malaysian Sustainable Palm Oil standards

KUALA LUMPUR (Nov 16): The Malaysian Palm Oil Council (MPOC) has welcome the European Union’s (EU) Deforestation Regulation, aimed at stemming the importation of commodities including beef, cocoa, palm oil and soy into the EU market which may cause deforestation in producer countries. The EU has pub...

VEGOILS-Palm oil extends losses on slowing Chinese consumption

SINGAPORE, Nov 9 (Reuters) – Malaysian palm oil futures lost ground on Wednesday, with restrictions related to the COVID-19 pandemic reducing demand in China, one of the world’s top importers of the tropical product. The benchmark palm oil contract on the Bursa Malaysia Derivatives Excha...

CPO prices expected to remain bullish

PETALING JAYA: Despite the threat of a recession in major economies next year, crude palm oil (CPO) prices are expected to remain supported in the quarters ahead backed by factors like market access of rival edible oils from the Russia-Ukraine war region, Indonesia’s export policies as well as issue...

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