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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Tanjung Rambutan shop in hot water for hoarding cooking oil
13/03/2024 (The Star Online), Ipoh - A shop in Tanjung Rambutan here has landed in hot water after refusing to sell bagged cooking oil to the public.
Kelantan Customs stop smuggling of Malaysian cooking oil bound for Thailand
13/03/2024 (New Straits Times), Kota Baru - A smuggling attempt involving 10,175kg of 1kg Malaysian-subsidised cooking oil packed in polybags, destined for Thailand, was thwarted yesterday, leading to the arrest of a lorry driver and his attendant, both in their 30s.
Edible oil imports falls 21% since November
14/03/2024 (Financial Express) - The imports of edible oils – palm, soybean and sunflower — in the first four months of the 2023-24 oil year (November-October) declined by 21% to 4.61 million tonne (MT) compared to same period last oil year. The high base of last year and an incipient spurt in global prices of the oils are the reason for the drop in imports on annual basis.
Vegetable oil imports dwindle 13% in Feb to 975,000 tonnes, says SEA
13/03/2024 (Business Standard) - India's vegetable oils import fell 13 per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data.
Palm oil harvest may pick up in March
13/03/2024 (The Star Online), Petaling Jaya - The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season.
FGV promotes MSPO logo on Saji cooking oil labels
12/03/2024 (New Straits Times), Kuala Lumpur - To promote sustainable practices in the palm oil industry, FGV Holdings Bhd has signed a strategic collaboration with Malaysian Sustainable Palm Oil (MSPO) to promote the latter's certification label on its Saji cooking oil products.
Palm oil rises on stronger Dalian rivals, lower output data
12/03/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday, buoyed by strength in Dalian edible oils and lower production figures in Malaysia,the world's second-biggest producer.
VEGOILS-Palm oil hovering around 8-month highs as stronger rivals offset lower exports
12/03/2024 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures were little changed on Tuesday after closing at near 8-month highs in the previous session, as stronger rival oils and crude oil prices offset a decline in exports.
Lower palm oil inventory in coming months to support high CPO prices — analysts
12/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation analysts expect a further decline in palm oil inventory in the coming months — after hitting a seven-month low in February — which will support the high average selling price of crude palm oil (CPO) in the face of tight supply, driven by reduced buying activities post-Chinese New Year and Ramadan.
