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Palm oil dips as India import tax concerns counter weak supply outlook
Palm oil production to exceed 19mil mt next year, says analyst
Indonesia raises price cap in palm oil domestic scheme, trade ministry says
Palm oil hits 3-week high on Indonesia biodiesel plans, Malaysia output woes
India's palm oil imports plunge as buyers shift to soyoil
12/09/2024 (Reuters), Mumbai - India's palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday.
Edible palm oil reference price rises again in Myanmar
12/09/2024 (Eng.Mizzima) - The wholesale reference price for edible palm oil set by the Military Council was 6,490 Kyat per viss (approx. 1.6 Kg) on 1 September but now refixed at 6,605 Kyat per viss on 9 September, rising by more than 100 Kyat.
Palm hits 3-week low as rival oils dip, India weighs duty hike
12/09/2024 (Reuters),Mumbai - Malaysian palm oil futures fell on Thursday to their lowest level in three weeks, on expectations of an import duty hike by top buyer India and in response to weakness in soyoil and palm oil contracts in the Dalian market.
USDA predicts record soybean yields, production
13/09/2024 (Biodiesel Magazine) - The USDA reduced its forecast for soybean production in its latest monthly Crop Production report, released Sept. 12. Record highs, however, are expected for both soybean yields and soybean production for beans.
Portugal in the olive oil 'premier league'
12/09/2024 (The Portugal News) - "There are projects in all countries, currently, to improve their production capacity", but, with "the growth rate it has had" and the existing forecasts, Portugal "is clearly in the premier league" of olive oil producing countries, said the executive director of the International Olive Council (IOC), Jaime Lillo.
Global vegetable oil production continues to grow
11/09/2024 (Oils & Fats International) - Worldwide vegetable production continues to increase alongside rising demand, according to US Department of Agriculture (USDA) data reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
Palm oil sector faces headwinds as CPO's edge over soybean oil seen narrowing
11/09/2024 (The Edge Malaysia), Kuala Lumpur - The plantation sector is facing increasing pressure, as crude palm oil (CPO) loses its traditional price edge over soybean oil, raising concerns about palm oil's future competitiveness, analysts said.
MPOB developing tech solutions to help smallholders meet EUDR requirements
11/09/2024 (Bernama), Rotterdam - The Malaysian Palm Oil Board (MPOB) is actively developing technology solutions to help smallholders meet the additional requirements of the European Union Deforestation Regulation (EUDR).
Azerbaijan's palm oil imports show mixed trends as experts predict future decline
11/09/2024 (Azernews) - Azerbaijan has maintained its palm oil imports from Southeast Asia in 2024, purchasing 23,818 tons in the first half of the year—a slight increase of 0.6% compared to last year. However, the cost of crude palm oil has decreased by 3.2% due to lower prices, Azernews reports.
