Archived News

19/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday due to worries over weaker production of the commodity that might affect its supply, said a trader.

19/09/2024 (Bernama), Kuala Lumpur - The Oil Palm Smallholder Replanting Incentive Financing Scheme 2.0 (TSPKS 2.0), introduced by the government through the Malaysian Palm Oil Board (MPOB) and Bank Pertanian Malaysia Bhd (Agrobank) earlier this year, has received 2,384 applications, covering 6,723.88 hectares to date.

19/09/2024 (Business Today) - The Malaysian Palm Oil Council has urged the European Commission to delay the implementation of the EU Deforestation Regulation (EUDR) with the deadline of implementation set for30th December 2024.

19/09/2024 (Barchart) - Soybean futures are posting 1 to 2 cent gains so far on Thursday with solid export bookings is this morning’s report. CmdtyView’s national front month Cash Bean price is up 1 ¼ cents at $9.54 3/4. Front month Soymeal futures are up $1.40/ton. Soy Oil futures are up 88 points so far on the day.

18/09/2024 (New Straits Times), Kuala Lumpur - Palm oil prices are expected to remain steady at RM 3,850 this month, despite approaching peak production season, according to the Malaysian Palm Oil Council (MPOC).

18/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives snapped a three-day losing streak to end higher on Wednesday as the market expects a resumption of vegetable oil demand from India for the upcoming festive season, said a trader.

18/09/2024 (The Edge Malaysia), Kuala Lumpur - Analysts predict a price correction for crude palm oil (CPO) in the fourth quarter of this year (4Q2024), primarily due to India's recent decision to raise import taxes on edible oils and the upcoming peak production season, especially in Indonesia.

18/09/2024 (Reuters), Mumbai - India's edible oil consumption is set to grow at a pace of 2%-3% as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday.

18/09/2024 (Business Line) - Indonesia, one of the largest exporters of palm oil, plans to cut export duty on palm oil early next month to support its farmers amid drop in demand.

18/09/2024 (Borneo Post Online), Kota Kinabalu - The Embassy of Switzerland in Malaysia conducted a significant visit to Kota Kinabalu on September 12 and 13, engaging with key stakeholders driving the Sabah Jurisdictional Approach for Sustainable Palm Oil (JASPO).

18/09/2024 (Barchart) - Soybeans were posting double digit gains to start the day session, but are fading back to just 1 to 2 cent higher trade at midday. CmdtyView’s national front month Cash Bean price is up 1 ¾ cents at $9.46 ¾. Front month Soymeal futures are down $2.10/ton. Soy Oil futures are up just 12 points at midday.

19/09/2024 (Biodiesel Magazine) - A report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network discusses how China’s domestic biobased-diesel industry has been impacted by the European Union’s provisional antidumping duties on biodiesel and renewable diesel.