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Palm ends 3% higher on stronger rivals, El Nino worries

Business Recorder - 6/2/2023 11:50:00 AM
Malaysian palm oil futures closed higher on Friday for a second straight session, as stronger rival oils and concerns about the impact of El Nino stoked buying interest after heavy losses earlier in the week.

Palm oil ends higher after three-day slump

Business Recorder - 6/1/2023 10:56:00 PM
The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained 83 ringgit, or 2.59%, to 3,284 ringgit ($740.47) a tonne, ending a three-session decline. In May, the contract fell 4.1%, its third consecutive monthly loss.

Palm Oil Global Market Report 2023

YAHOO!Finance - 6/1/2023 2:28:00 PM
Major players in the palm oil market are Wilmar International Ltd., Sime Darby Plantation Berhad, IOI Corporation Berhad, Kuala Lumpur Kepong Berhad, United Plantations Berhad, Kulim (Malaysia) Berhad,

World food prices fall to two-year low in May - UN food agency

Reuters - 6/2/2023 7:42:00 AM
The United Nations food agency's world price index fell in May to its lowest in two years, as a slump in prices of vegetable oils, cereals and dairy outweighed increases for sugar and meat.

India slashes base import price of palm oil, gold

Reuters - 5/31/2023 5:58:00 PM
Commodity New price in $ Old price in $ Crude palm oil 898 988 RBD palm oil 984 1020 RBD palmolein 997 1033 Crude soya oil 976 983 Gold 629 650 Silver 754 773 Base prices for all commodities are in $ per tonne, except for gold and silver. The gold tariff ...

VEGOILS-Palm nears one-month low after commodities' heavy selling, subdued demand

Nasdaq - 5/31/2023 5:22:00 AM
Adds comments in paragraphs 3 and 4, updates data JAKARTA, May 31 (Reuters) - Malaysian palm oil futures plunged for a third session on Wednesday and hit their lowest in nearly a month caused by commodities heavy selling,

Palm oil prices likely to get a boost

The Star - 5/25/2023 12:00:00 AM
PETALING JAYA: Falling crude palm oil (CPO) stockpile in the country, which hit a five-year low in May, will boost prices of the commodity in the short term, but analysts say the impact on ...

Top Palm Oil Producers Lobby EU to Ease New Deforestation Rules

YAHOO!Finance - 5/31/2023 11:34:00 AM
Indonesia and Malaysia, the world’s top palm-oil producers, stepped up their lobbying over the European Union’s new deforestation rules, saying they are harming their economies.Most Read from BloombergChina Is Drilling a 10,

Price revision . India slashes base import price of palm oil, gold

Business Line - 6/1/2023 4:27:00 AM
India slashed the base import prices of crude palm oil, soya oil, gold, and silver as prices on the world market corrected, the government said in a statement late on Wednesday. The government revises the base import prices of edible oils, gold ...

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