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...
by Agrinexus International | May 13, 2019 | Blog
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...
by Agrinexus International | Mar 20, 2019 | Blog
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...
by Agrinexus International | Mar 15, 2019 | Blog
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...
