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PLANTATION companies with high-capacity refineries will need to quickly source new export markets for their refined palm oil products, should India’s unofficial boycott on Malaysia take a turn for the worse in the coming months.
KUALA LUMPUR: Malaysian palm oil futures fell to their lowest in a month on Friday and were set for their worst weekly decline since 2012, as India's import restrictions on Malaysian palm oil dragged prices.
KUALA LUMPUR (Reuters) - Benchmark palm oil prices will not rise above RM3,300 per tonne in the first half of 2020 and the commodity's recent rally has eliminated its competitive edge over rival edible oils, a top industry analyst said on Thursday.
KUALA LUMPUR: Malaysian crude palm oil futures rallied on Thursday, recouping losses suffered this week, as India's move to restrict imports of refined palm oil boosted prices, while signs of de-escalation in Iran-U.S. tensions soothed concerns.
KUALA LUMPUR: Malaysian palm oil futures fell for a third straight session on Tuesday, as traders hedged against the risk of a supply disruption in case of an escalation in Middle East tensions.
KUALA LUMPUR: Palm oil inventories in Malaysia, the world’s second-largest producer, likely plunged to their smallest in over two years in December as output weakened to an 18-month low.
MUMBAI: India has cut import taxes on crude and refined palm oil from Southeast Asian (ASEAN) countries after a request from suppliers, a government notification said on Tuesday.
KUALA LUMPUR: The palm oil rally continued, as the benchmark futures added RM67, or 2.2% to RM3,072 a tonne on supply worries and brighter biofuel outlook.
KUALA LUMPUR: Palm oil futures climbed to near the highest level of RM2,913 in almost three years, with a rally in soybean oil, persisting concerns over supply and a robust outlook for biofuel demand prompting investors to buy.
KUALA LUMPUR (Bloomberg): Palm oil futures held gains to close near their highest level in almost three years, with a rally in soybean oil on speculation that higher taxes will hurt shipments from Argentina underpinning the market.