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KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) expects the country’s palm oil stocks to finish the year at 2.1 million tonnes or at least remain at the current level of 2.25 million tonnes on continued demand for the edible oil amid a lower-than-expected production.

Malaysia expects its palm oil stocks to end the year down at 2.1 million tonnes or remain at the current level of 2.25 million tonnes.

Palm oil import has reduced drastically from 2,64,000 tonne in September 2019 to 1,22,000 tonne in November 2019 and also the overall import of palmolein oil has decreased, said BV Mehta, executive director, SEA.

KUALA LUMPUR, Dec 19 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives inched higher despite a cautious market tone.

"We have asked the Tea Board to see if we can grow palm in our estates and manufacture palm oil. We need a big area for this", Vivek Goenka, chairman of the ITA, said

United Malacca Bhd (Dec 19, RM5.38) Maintain sell with an unchanged target price of RM5.32: United Malacca Bhd’s core losses narrowed to RM13.7 million for the second quarter ended Oct 31, 2019 (2QFY20) compared with RM18.5 million for the preceding quarter, thanks to higher fresh fruit bunch (FFB) production and palm oil prices.

THE activation of the export duty for crude palm oil (CPO) purchases after a long suspension is practical as the commodity has been performing progressively since its low point last year, said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa.

Malaysian palm oil futures ended lower on Wednesday, weighed by weaker rival oils and as a recent rally in palm prices curbed demand for the commodity, although worries over lower stockpiles capped losses. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.7% at 2,859 ringgit ($685.61). It had fallen as much as 2.5% earlier in the session.

The palm oil industry has a sustainability problem which can be summed up in one word: orangutans. Production of palm oil used in food, cosmetics, soap and other items has surged because it pairs both high yields and versatility. But rainforests in Asia, Africa and Latin America have been cleared for plantations. That has boosted greenhouse gas emissions, obliterated wildlife habitats, curbed biodiversity and encroached on land belonging to indigenous people.

Plastic is used extensively for food packaging due to its durability, flexibility and lightweight properties. Although convenient, many of the items are created for single use

Apparently buoyed by significant progress in the mandatory use of B20 biodiesel (a fuel mixture of 20 percent palm oil and 80 percent petroleum), the Indonesian government has set itself ambitious targets to launch B30 next year and B50 in 2021.

Sarawak Plantation Bhd (Dec 17, RM1.83) Maintain outperform with an unchanged target price of RM2.80: Following the new management’s measures over the last one year to rehabilitate unproductive young mature areas, as well as encumbered areas’ gradual recovery in the central region, Sarawak Plantation Bhd is set to enjoy a bumper harvesting crop in the coming months — timely amid rising crude palm oil (CPO) prices.