Country News

Palm Oil News

Commodities > News > Palm Oil

Food prices remain high despite fuel and commodity rates crash

Dawn - 3/31/2020 2:08:00 AM
In addition to burgeoning sales of essential commodities at wholesale markets ... Despite a drop in diesel prices, transporters are charging higher fares from wholesalers. The average world palm oil price dropped to $587 per tonne from $604 but ghee and cooking oil prices have remained high during the last eight months. Palm oil imports ...

Indonesian palm oil exports to China drop by half in January: GAPKI

The Jakarta Post - 3/30/2020 4:16:00 AM
Read also: In Papua, forests offer more economic benefits than oil palm plantations, research finds A decline in palm oil exports to China will also hit the industry hard as one of the country’s main buyers of the commodity. In 2019 ... However, CPO CIF Rotterdam prices rose in January, as CPO prices increased to an average of US$830 per ...

Palm oil prices will remain low the next several months

Business Line - 3/20/2020 11:15:00 AM
However, if the pandemic does not come under control, the world faces the risk of recession in the second half of the year, which will put downward pressure on all major commodities. Palm oil will not be an exception. So, after the rally in the last quarter of 2019, the sharp decline in crude palm oil prices to around $550 a tonne (less than ...

MCX Crude Palm Oil under long liquidation

Commodity Online - 3/27/2020 9:07:00 AM
Technically Crude Palm Oil market is under long liquidation as market has witnessed drop in open interest by 7.93% to settled at 1393 while prices down 6.5 rupees ... Malaysia's commodities minister said. Meanwhile, the second-largest palm producer ...

A food crisis looms as coronavirus forces farms to stay idle and countries hoard supplies

CNBC - 3/30/2020 5:50:00 PM
The coronavirus outbreak could affect food security as the global pandemic disrupts labor availability and the supply chain.

MCX Crude Palm Oil under short covering; Support seen at 646.9

Commodity Online - 3/25/2020 7:18:00 AM
Technically Crude Palm Oil market is under short covering as market has witnessed drop in open interest by 6.78% to settled at 1800 while prices up 8.1 rupees. Now MCX Crude Palm Oil is getting support at 646.9 and below same could see a test of 632.7 levels, and resistance is now likely to be seen at 673.9, a move above could see prices ...

Palm oil prices will remain low the next several months

Hellenic Shipping News Worldwide - 3/23/2020 12:34:00 AM
which will put downward pressure on all major commodities. Palm oil will not be an exception. So, after the rally in the last quarter of 2019, the sharp decline in crude palm oil prices to around ...