News
Weather continues to hamper palm oil output ahead
KUCHING (March 13): Analysts believe that mixed earnings for planters in the fourth quarter of 2022 (4Q22) up to February this year was caused by the continuous wet weather. RHB Investment Bank Bhd (RHB Research) saw that in Malaysia, an average 4.1 per cent year on year (y-o-y) output growth for th...
BMD on defensive mode
“Our BMD’ global benchmark CPO Futures contract (FCPO) achieved a record-breaking trading volume of 16.2 million contracts, equivalent to 405 million tonnes, surpassing its performance in 2021 of 390 million tonnes. This is more than five times the global production,” Abdul Wahid said. KUALA L...
High prices push CPO traded on Bursa to 405m tonnes in 2022, five times world output
KUALA LUMPUR (March 8): The amount of crude palm oil (CPO) traded via futures contracts (FCPO) on Bursa Malaysia Derivatives (BMD) spiked in 2022 due to exceptionally strong prices of the tropical oil recorded last year. According to BMD’s director Mohd Saleem Kader Bekas, 405 million tonnes of CPO,...
Analyst: EU deforestation law unlikely to impact demand for Malaysian, other SE Asian palm oil
KUALA LUMPUR, March 7 — The European Union’s deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday.-Advertisement- The EU in December ag...
Palm oil demand to rise in 2023 to 20 million tonnes
KUALA LUMPUR: Demand for Malaysia’s palm oil is forecast to notch higher to 19.85 million tonnes this year from 19.01 million tonnes in 2022 as exports are set to grow to 16.44 million tonnes from 15.73 million tonnes previously. The remaining demand is expected to come from domestic (2.98 million t...
Malaysia invites Thailand to become CPOPC member
KUALA LUMPUR: Malaysia has invited Thailand to join the Council of Palm Oil Producing Countries (CPOPC) as a member to create a stronger voice to address discriminatory protectionist measures against palm oil and rubber producers at Asean level. Deputy Prime Minister Datuk Seri Fadillah Yusof, who i...
