by AgriNexus | Sep 21, 2019 | Blog
Up 0.7% at MYR2,250/tonne on 19/09/19, Palm Oil prices have been lifted by a weakening Ringgit and firmer Soy Oil prices. Indications are that further gains may be in store. Off from the July 10 low of MYR1,916/tonne, traders may continue to take long positions...
by AgriNexus | Sep 18, 2019 | Blog
Down 0.5% at MYR2,090/tonne on 6/09/19, Palm Oil prices have been dragged off their recent high of MYR2,210 in August 2019 on profit-taking and India’s move to raise import tax on Malaysian refined Palm Oil to 50% from 45% until March 2020. Rising shipments of refined...
by AgriNexus | Aug 31, 2019 | Blog
Up 1.1% at MYR2,129/tonne on 21/08/2019, Palm Oil prices are posting a mild pullback on profit-taking after peaking at MYR2,174/tonne. The recent rally from late July was triggered by bullish data released by Malaysian Palm Oil Board with end-July inventory...
by AgriNexus | Jul 3, 2019 | Blog
Palm Oil prices continue to remain pressured with Benchmark Futures in Malaysia down circa 7% in the current quarter given the backdrop of persistently high inventories and stagnating demand. The market is headed for the 7th consecutive quarterly drop marking the...
by AgriNexus | May 18, 2019 | Blog
Primary Industries Minister Teresa Kok has beaten a new path into the European Union in leading the fight to defend the Golden Crop. Over a 10-day trip in early May to London, Brussels, Berlin and Rome, she has made headway in explaining Malaysia’s stand on...
