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COVID-19 Pandemic: Health & Safety Strategy: A Plantation-Approach for Stakeholders
The COVID-19 pandemic affects all Industries – We have prepared a Health & Safety strategy for the Plantation Industry, taking into consideration the vulnerability of the Workers and Staff daily earnings, where in most of the cases, expensed-out on a daily basis....
CPO Price Reverses Minor Pull-Back On India Restriction, Lunar New Year Pull
Late Friday, Crude Palm Oil prices were attempting to break resistance at MYR3,128 – MYR3,130, having reversed the recent pull-back on mild profit-taking. The charts do not portend a reversal in the upward trajectory which dates back to mid-2019 but instead suggest...
CPO Bullish Momentum May Carry Over Into 1Q20 On China Demand Prospects
Up 0.6% at MYR2,908/tonne on 13/12/19, the price of Crude Palm Oil is extending its bullish run and may offer more upside in coming months on the back of a tight supply situation and sustained strong demand from importing countries like China. Malaysia’s official data...
Indian Import Restriction Threat Weighs On Price; Biodiesel Mandates May Lend Support
Down 0.6% at MYR2,143/tonne on 15/10/19, Palm Oil prices retreated off their August high of MYR2,262/tonne on mild profit-taking after the recent run-up from a low of MYR1,944/tonne. The price pullback is also in response to news that the Indian Government is...
Strong Exports, Lower Inventories Lift Price; Haze May Dampen Production
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...
India’s 5% Import Tax Hike On Refined CPO Triggers Mild Pullback On Price
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...
EU Bio-Diesel Protectionism And Sino-U.S. Trade Spat Trigger Profit-Taking
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...
Stagnating Demand, Peak Production Season Weigh On Prices
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...
Palm Oil Gets A Lift On Malaysia’s European Roadshow And Weaker Ringgit
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...
Prolonged Sino-US Trade Spat Continues to Weigh
Palm Oil prices remain under pressure with continued aggressive posturing by U.S. President Trump in the prolonged Sino-American trade war. The US has more than doubled a 10% tariff to 25% tariffs on USD200 billion of Chinese goods. Progress is also underway to raise...
Helpful Links
- Ministry of Primary Industry Malaysia - https://www.mpi.gov.my/
- Malaysian Palm Oil Board - http://mpob.gov.my/
- Malaysian Palm Oil Council - http://www.mpoc.org.my/
- Malaysian Palm Oil Certification Council - https://www.mpocc.org.my/
- Incorporated Society of Planters - https://isp.org.my/
- Sayangi Sawitku (Love MY Palm Oil) - https://lovemypalmoil.com.my/
Office Address
Penthouse C5-7, Kuchai Exchange, No. 43, Jalan Kuchai Maju 13, 58200 Kuala Lumpur, Malaysia.
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