Crude Palm Oil 3-month forward contract price chart points to consolidation within a tight range but with downside bias. In the immediate term, CPO price is likely to move at the lower end of MYR2,040 (Nov 2018 low) and MYR2,170 range. Downward pressure on price will...

China’s move to sign four purchase intent agreements to buy 1.62 million tonnes of Palm oil from Malaysia worth US$891 million may just be the much needed catalyst to reverse Crude Palm Oil’s prolonged price weakness. The deal, when executed, will help trim Malaysia’s...

Crude Palm Oil prices may improve marginally in the first quarter of 2019 despite end 2018 inventory recording an all-time high of 3.215m tonnes in December. Data from MPOB indicates that Malaysia’s CPO production is on a weakening trend due to seasonality, decreasing...