News
CPO futures likely to experience cautious trading
KUALA LUMPUR: Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience cautious trading this week as market participants zero in on the United States Federal Reserve’s interest rate decision on Wednesday, according to an analyst. Fastmarkets senior analyst Dr ...
Palm oil stock rises 1.92% in June
PETALING JAYA: Malaysia’s total palm oil stock increased by 1.92% to 1.72 million tonnes in June 2023 from 1.69 million tonnes in the preceding month. In its latest industry performance report for June 2023, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) inventory fell by 0.43% to 917...
Anticipation of higher stocks to weigh on CPO
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week given the expectation of higher stocks and muted demand. The Malaysian Palm Oil Board supply and demand report is scheduled to be released today, which could determine market mo...
End-June palm oil stocks forecast at four-month high
PETALING JAYA: Malaysia’s palm oil inventories likely stood at 1.86 million tonnes by the end of June, rising by about 10.5% higher from a month earlier to stand at a four-month high amid sluggish exports, a Reuters survey shows. The median estimate for inventories from 10 traders and analysts polle...
MPOB unveils new technologies to produce better palms, use palm oil as substitute for milk fat
BANGI: The Malaysian Palm Oil Board (MPOB) has launched two new technologies from the biotechnology and food clusters for commercialisation at the Transfer of Technology (TOT) MPOB 2023 here today. The new technologies are True-to Type Version 2 – High Resolution Genotyping Platform for Parent...
Palm oil surges to highest since March after US slashes soy area
BANGKOK/KUALA LUMPUR (July 3): Palm oil jumped more than 5% to inch closer to RM4,000 a ton after a US acreage report showing smaller-than-expected soybean plantings shocked crop markets and sent prices of soybean oil surging. Futures in Kuala Lumpur climbed as much as 5.4% to RM3,994, the highest i...
