JAKARTA (Dec 6): The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia. “As global demand for palm oil grows, stagnating production is likely to result in a supply shortage, driving prices…
KUALA LUMPUR (Dec 6): Malaysia’s worst flood season in the decade occurring currently has had minimal impact on the production of crude palm oil (CPO), said TA Research. CPO prices, which have rallied in recent weeks, would remain elevated in the near term, as the affected states (excluding Melaka) contributed up to 49.1% of Malaysia’s…
KUALA LUMPUR (Dec 2): theedgemalaysia.com highlighted two stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Monday. Coraza Integrated Technology Bhd (KL:CORAZA) — up 2.5 sen or 5.38% at 49 sen Kumpulan Fima Bhd (KL:KFIMA) — down one sen or 0.45% at RM2.19 Jaya Tiasa Holdings Bhd (KL:JTIASA) — up three sen or 2.26%…
JAKARTA (Nov 29): Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani has called for greater cooperation between Malaysia and Indonesia to address the regulatory challenges facing the global palm oil industry. Speaking at a joint press conference after the 12th Council of Palm Oil Producing Countries (CPOPC) Ministerial Meeting on Friday, the minister warned…
The recent severe flooding across Malaysia is expected to significantly impact the country’s palm oil production. Heavy rainfall and flooding disrupt harvesting activities and logistics, leading to reduced output. For instance, during previous flood events, crude palm oil (CPO) production declined by up to 15% in affected regions. Given Malaysia’s role as a major palm…
KUALA LUMPUR (Nov 11): Malaysia’s palm oil stocks at the end of October this year fell 6.32% from the previous month to 1.88 million metric tonnes, the first decline in inventory in three months, data from the industry regulator showed on Monday. Crude palm oil production was down 1.35% in October from September, to 1.80…
Since the Federal Reserve’s decision to cut interest rates in September, the U.S. economy has been navigating a series of disruptions, ranging from labor strikes and hurricane recovery efforts to rising oil prices driven by an escalating conflict in the Middle East. One key challenge — the port strike along the East and Gulf Coasts…
A 2% rise in FCPO (Crude Palm Oil Futures) prices amid a 15% drop in trading volume and a 2% decrease in open interest suggests a few potential interpretations: Summary: The combination of a slight price increase with reduced volume and open interest suggests a lack of strong buying enthusiasm. It may indicate short-term gains…
(Nov 1): Palm oil rallied for a third day to its highest level in more than two years, on strong demand amid concerns over tightening supply. Shipments in October from palm oil’s second largest producer Malaysia climbed 11% from the month before, on stronger exports to India, China and the European Union (EU), according to cargo…
