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Mei Mei Chu

Exclusive: Machine lubricants leave bad taste for palm oil producers, buyers

18 Feb 2020

KUALA LUMPUR The palm oil industry, long accused of large-scale deforestation, is bracing for another hit to its business: machinery lubricants seeping into the world's most consumed edible oil during processing.

India's curbs on Malaysian palm imports stir up edible oil trade

14 Feb 2020

KUALA LUMPUR/MUMBAI India's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.

Malaysian palm giant bars supplier, identifies risky ones amid deforestation worries

11 Feb 2020

CAREY ISLAND, Malaysia Sime Darby Plantation, the world's largest palm oil planter, has suspended a supplier for failing to meet its environmental standards and identified 54 others as "high-risk" in Malaysia and Indonesia in recent months as it fights against deforestation.

Malaysian palm giant bars suppliers amid deforestation worries

11 Feb 2020

CAREY ISLAND, Malaysia, Feb 11 Sime Darby Plantation, the world's largest palm oil planter, has suspended two Malaysian suppliers for failing to meet its environmental standards and identified 55 others as "high-risk" in recent months as it fights against deforestation.

Malaysian palm oil group urges industry to tap tech to save forests

10 Feb 2020

KUALA LUMPUR Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council said on Monday.

Malaysia end-Jan palm oil stocks fall to lowest since June 2017

10 Feb 2020

KUALA LUMPUR Malaysia's palm oil inventories fell a fifth straight month amidst tighter production and slower demand, with January end-stocks below 2 million tonnes, official data showed on Monday.

RPT--Malaysia delays largest palm oil conference to June-sources

07 Feb 2020

KUALA LUMPUR, Feb 6 Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources.

Malaysia delays largest palm oil conference to June: sources

06 Feb 2020

KUALA LUMPUR Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources.

Malaysia January palm oil stockpiles seen falling to lowest in over two years

05 Feb 2020

KUALA LUMPUR Malaysian palm oil inventories likely tumbled to its lowest since June 2017, as dry weather and lower fertilizer usage in the second largest palm producer early last year suppressed output to near four-year lows, a Reuters surveyed showed.

PREVIEW-Malaysia January palm oil stockpiles seen falling to lowest in over two years

05 Feb 2020

* Jan stocks seen -12% to 1.76 mln T - survey * Output seen -9% at 1.21 mln T - survey * Exports seen -8.2% to 1.28 mln T - survey * Malaysian Palm Oil Board data due Jan. 10 By Mei Mei Chu KUALA LUMPUR, Feb 5 Malaysian palm oil inventories likely tumbled to its lowest since June 2017, as dry weather and lower fertiliser usage in the second largest palm producer early last year suppressed output to near four-year lows, a Reuters surveyed showed. January stockpiles in Malaysia are forecast to fall 12% to 1.76 million tonnes from December, the lowest in two and a half years, according to a median estimate of nine planters, traders and analysts polled by Reuters. Production also likely dropped 9% to 1.21 million tonnes from the month before, its lowest since March 2016. "Output fell on a combination of lower harvesting and milling activities due to the Lunar New Year holidays," said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics. Meanwhile, January exports likely plunged 8.2% month-on-month to 1.28 million tonnes as Malaysia faced lower purchases from its biggest customers India and China. Malaysia's monthly palm exports to India fell to about 40,500 tonnes compared to 201,450 from the year earlier, after the world's largest consumer of vegetable oils restricted imports of refined grades and informally stopped all purchases from Malaysia over a diplomatic row. On Tuesday, Pakistan said they will import more Malaysian palm oil to help offset the lost sales to India, but traders said that would not fully compensate. "Pakistan's edible oil consumption is around 4.50 million tonnes while India consumes 24 million tonnes; the scales are too wide," Sathia said. Exports to China also saw a decline as the coronavirus epidemic raised fears of a sustained disruption in supply chains and eating habits in the world's most populous nation. However, the crude palm oil market appears to be more concerned over supply shortfall than potential demand rationing due to slower global growth from the virus outbreak, Ivy Ng, regional head of plantations research at CIMB Investment Bank said in a research note. The benchmark palm oil contract for April last climbed 2.3% to 2,730 ringgit ($662.46) on Wednesday. Official palm oil data will be published by the Malaysian Palm Oil Board on Jan. 10. The median results from the Reuters survey put Malaysia's consumption in January at 258,977 tonnes. Breakdown of January estimates (in tonnes): Range Median Production 1,125,000 - 1,267,200 1,213,853 Exports 1,220,000 - 1,410,000 1,282,000 Imports 45,000 - 123,000 80,000 Closing stocks 1,610,000 - 1,840,000 1,760,000 * Official stocks of 2,007,124 tonnes in December plus the above estimated output and imports yield a total January supply of 3,300,977 tonnes. Based on the median of exports and closing stocks estimate, Malaysia's domestic consumption in January is estimated to be 258,977 tonnes. ($1 = 4.1210 ringgit) (Reporting by Mei Mei Chu; Editing by Shounak Dasgupta)

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