Palm Oil News

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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...

Survey sees M’sian palm oil stock at 2.49 million tonnes at end-October, highest since April 2019

KUALA LUMPUR (Nov 7): Malaysia’s palm oil inventory likely grew 7.5% month-on-month (m-o-m) to 2.49 million tonnes at end-October, its highest level since April 2019, due to recovering output. According to CGS-CIMB Securities Sdn Bhd’s Ivy Ng Lee Fang on Monday (Nov 7), a survey of planters by...

Palm oil hits two-month high as Indonesia raises reference price

Indonesia will continue the concession until the end of the year, provided the reference price, which is used to decide taxes, stays below US$800 a tonne. The government raised the price for the crude grade by about 8% to US$770.88 a tonne for the first half of November. “Malaysian crude palm oil wi...

Ongoing supply risk, improving demand brightens prospects for CPO prices — IOI CEO

KUALA LUMPUR (Oct 31): Crude palm oil (CPO) prices are expected to be continuously supported by supply constraints and its price competitiveness against other edible oils in 2023, amid unfavourable geopolitical development in Russia and Indonesia’s palm oil export friendly policies, according to a s...

Addressing labour shortage in oil palm plantation sector

THE issue of labour shortage in oil palm plantations in the country has been getting the attention of the media lately. Measures are already in place to address the issue and strategies are being formulated to ensure the competitiveness and sustainability of the Malaysian palm oil industry. The oil ...

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