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Indonesia’s Aug palm oil output seen down slightly, exports up – survey
Indonesia’s palm oil output likely slipped in August from a month earlier, while exports were seen about 7% higher, a Reuters survey showed.
CPO futures likely to trade between RM2,080 to RM2,100
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend lower at between RM2,080 and RM2,100 per tonne next week, amid fears of import curbs by India.
Malaysian palm oil price up for 4th session as soyoil gains, ringgit weakens
SINGAPORE: Malaysian palm oil futures closed higher on Friday, recovering from earlier losses, as gains in rival oils and a slightly weaker ringgit offset ongoing concerns over buying from India.
Palm oil rises for third session
Malaysian palm oil rose for a third consecutive session on Thursday buoyed by ongoing strength in rival oils on the Dalian Commodities Exchange, though a stronger ringgit capped gains
Oil price rises, supported by US fuel stock draws but weighed by crude build
Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.
China says its economy grew 6% in the third quarter, slower than expected
China released third-quarter GDP figures on Friday showing the economy grew 6.0% from a year ago.
Trade pact RCEP to be concluded this year, signed in 2020 —Trade chief Lopez
The discussions on the comprehensive trade pact between Southeast Asian countries and its dialogue partners will reach conclusion this year and be signed in early 2020, Trade Secretary Ramon Lopez said Friday.
Boost for farmers
The government has allocated RM150mil in Budget 2020 to help oil palm farmers venture into integrated farming.
UPDATE 1-Indonesia's palm oil, biodiesel exports skid in Aug - GAPKI
Exports of palm oil and palm kernel oil in August were 2.53 million tonnes, down 15% annually but up slightly from July's
‘Malaysia to work diplomatically with India on palm oil issue’
Prime Minister Tun Dr Mahathir Mohamad said the government will have to work diplomatically if India decides to restrict the imports of Malaysian palm oil.
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ECONOMICS & INDUSTRY DEVELOPMENT DIVISION
Malaysian Palm Oil Board ( MPOB ) Lot 6, SS6, Jalan Perbandaran, 47301 Kelana Jaya, Selangor Darul Ehsan, MALAYSIA.
Tel : 603 - 7803 5544 || Fax : 603 - 7803 3533