Palm Oil News

News

Research houses: Competition in crude palm oil market to remain stiff in near term

KUALA LUMPUR, Aug 11 ― Malaysia will continue to see intense competition in the crude palm oil (CPO) market from Indonesia as the country will be flushing out its bloated inventory ahead of its seasonal peak production months. Maybank Investment Bank Bhd (Maybank IB) said the three initiatives annou...

Palm oil price climbs

KUALA LUMPUR: Palm oil jumped to the strongest in over a week following a surge in soybean oil after the US senate passed a bill that supports biofuel production and on signs of a recovery in demand in China, the No 2 importer. Futures for October delivery soared 5.1% to close at RM4,076 a tonne [&h...

Malaysia says ready to help India meet palm oil demand

KUALA LUMPUR (Aug 4): Malaysia said on Thursday (Aug 4) it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia. India is expected to see a surge in demand to around 800,000 tonnes per month for the next six months, Malaysia’s Plant...

Better CPO ASPs, higher FFBs to drive Ta Ann earnings, says Maybank IB

KUALA LUMPUR: Better crude palm oil (CPO) average selling price (ASP) and higher fresh fruit bunches (FFB) output are expected to drive Ta Ann Holdings Bhd’s earnings in the second quarter (Q2) of 2022. Maybank Investment Bank Bhd (Maybank IB) has forecasted Ta Ann’s Q2 2022 net profit t...

Zuraida: Putrajaya cannot compel profitable palm oil exporters to sell cheaper domestically

KUALA LUMPUR (Aug 3): The government has no legal provisions that can be enforced on oil palm plantation companies that earn large profits from palm oil exports so that they supply a certain quantity of palm oil for domestic consumption at a cheap price. Minister of Plantation Industries and Commodi...

India’s palm oil imports from Malaysia to remain stable in 2H22 — IVPA

KUALA LUMPUR (July 28): The Indian Vegetable Oil Producers’ Association (IVPA) estimated India’s palm oil imports from Malaysia to remain stable in the second half of the year (2H22), making up about 55% of the country’s total palm oil imports despite Indonesia’s move to accelerate palm oil exports....

1 2 3 524

Stay In Touch

Stay In Touch