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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Thailand to slash stockpile of crude palm oil
Thailand’s cabinet has approved plans to reduce the country’s huge crude palm oil (CPO) stockpile to shore up domestic price.
CPO futures end higher, tracking firmer US bean market
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher today, tracking the stronger overnight Chicago bean oil market performance due to increased demand from China on fears of rain and floods, said palm oil trader David Ng.
Plantation companies poised to post stronger performance in the second half of the year, analysts said.
Crude palm oil (CPO) prices have rallied to nearly RM3,000 per tonne from the year-to-date low of RM2,000 per tonne in May, buoyed by lower inventory and higher soybean oil prices.
Asian planters with operating strengths have edge in cyclical industry: Fitch
Producers with operating strengths based on factors such as plantation profiles, productivity, cost position and vertical integration, and conservative financial metrics are better placed to navigate the cyclicality and price volatility of the crude palm oil industry, said Fitch Ratings.
India Palm Imports Drop From 10-Month High on Weak Food Demand
Palm oil imports by top buyer India probably fell from a 10-month high as a slow recovery of the food services industry curtailed demand for the world’s most-used vegetable oil.
VEGOILS-Palm oil gains nearly 2% on stronger soyoil, weaker ringgit
Malaysian palm oil futures rose on Tuesday, supported by a weaker ringgit and tracking sharp gains in rival soybean oil as the Chicago Board of Trade resumed trading after a long weekend.
India’s palm oil imports fall 11% in August
Colombian palm oil production up 10 percent this year
THE WHAT? Colombia’s palm oil yield is on course to reach 1.65 million tonnes this year, an increase of 10 percent on 2019 figures, according to a report published by Nasdaq.
Edo government approves 50 hectares for oil palm production
The Edo State Governor Godwin Obaseki has approved 50 hectares of farmland for three international investors for the production of palm oil in the state.
