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NUSA DUA, Indonesia: Top palm oil industry analysts have revised up their price outlook for the edible oil, pointing to reduced production and optimism that Indonesia’s so-called B30 biodiesel programme will help bolster demand.
SINGAPORE: Malaysian palm oil futures tumbled on Friday, weighed by a stronger ringgit and as panic buying on supply shortage worries eased.
SINGAPORE: 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
KUALA LUMPUR: A palm oil industry watchdog will adopt rules next month that will impose fines on consumer goods companies like Unilever and Nestle if they don’t start buying more green palm oil to help curb deforestation in South-East Asia, the regulating body said.
KUALA LUMPUR: Malaysian palm oil futures fell to an over six-week trough on Tuesday evening, recording a fifth straight session of losses on cues from prospects of firm output, slowing demand and weaker related edible oils
BUTTERWORTH: Industrial valve maker Unimech Group Bhd (UGB) plans to boost its export business under a tie-up with a Japanese strategic partner.
KUALA LUMPUR: Malaysian palm oil futures rose more than 2% on Thursday, tracking gains in related edible oils on China's Dalian Commodity Exchange and on lower-than-expected palm production.
KUALA LUMPUR/JAKARTA: Leading palm oil players in Indonesia see production growth being hit in the short to medium term, as the world's top grower of the edible oil faces drought across major planting regions that is expected to delay fruit ripening and lower output.
KUALA LUMPUR: Blue chips closed off Monday's low while key Asian markets ended in the red as the US Federal Reserve was set to cut interest rates lesser than expected.
JAKARTA: A palm oil bull run could begin with Indonesia's production decelerating, even before palm oil output plateaus by 2021.