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The unsustainable prices of crude palm oil
Insufficient supply of soybean meal helping CPO prices
Global edible oil prices near their peak, but retreat may be slow
KUALA LUMPUR: Global edible oil prices are nearing their peak but may be slow to decline to previous levels due to low stocks, a slow recovery in output and higher global use in biofuel production, leading analysts said on Wednesday.
Conference to discuss price direction of palm oil
The POC 2021 conference would be most exciting this year, at a time when the current price of crude palm oil (CPO) is trading above RM4,000 per tonne, which is over a decade-high level
Palm oil extends retreat from decade high on biodiesel worries
KUALA LUMPUR: Palm oil futures fell for a second day from the highest level in a decade on worries about delays in biodiesel programmes in top growers Indonesia and Malaysia, although a tight supply outlook capped losses.
Malaysia's biodiesel mandate to be delayed by 6 months
KUALA LUMPUR: Malaysia's B20 biodiesel mandate will be delayed by about six months to early 2022, said Plantation Industries and Commodities Ministry secretary general Ravi Muthayah.
Palm oil demand will be limited if prices continue to rise
SINGAPORE/JAKARTA: Palm oil demand may be restrained next year, as supply shortages triggered by unfavourable weather, infrastructure issues and the COVID-19 pandemic push prices up further, analysts told a virtual palm oil conference on Thursday.
Slowing global CPO production
However, consumption is likely to increase by 1.6 million tonnes
CPO futures rally to two-week high of RM2,936
KUALA LUMPUR: Crude palm oil futures advanced to the highest level in more than two weeks, buoyed by a recovery in demand from top buyers India and China, which may reduce global stockpiles.
Palm oil prices to rally in first half of 2021
KUALA LUMPUR/ MUMBAI: Palm oil prices are likely to jump in the first half of 2021, three leading industry analysts said in a webinar on Thursday, as La Nina weather pattern is set to hit edible oil supplies amid lower soybean crushing in Argentina and rising sunflower oil prices.
