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KUALA LUMPUR: Malaysian palm oil futures shed early gains on Tuesday as traders feared that the surge in demand and exports would eventually lose steam if there is a second wave of Covid-19.
SINGAPORE: Malaysian palm oil futures hit their highest level in more than two months on Friday, riding on gains in crude oil prices as well as lower stocks in top importers India and China.
PETALING JAYA: Reducing dependence on imported edible oils is part of India’s larger quest for food self-sufficiency.
MUMBAI: Indian buyers have resumed purchase of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
MUMBAI/SINGAPORE: Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said.
KUALA LUMPUR: Malaysian palm oil futures climbed for a third straight session on Thursday, tracking higher crude and soybean oil prices, as traders awaited data on April exports due later in the day.
KUALA LUMPUR: Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import curbs cause demand to dry up.
NEW DELHI (Bloomberg): Palm oil dropped to a five-month low on concern about poor purchases by top buyer India, Malaysia’s move to allow the industry to operate during a nationwide lockdown and an overnight slump in petroleum.
KUALA LUMPUR/SINGAPORE (Reuters) - Malaysia has directed palm plantations to continue operations even as the country shuts businesses to prevent the spread of the coronavirus, a producer group said on Wednesday, ensuring steady supplies of the tropical oil to global markets.