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Malaysian Palm Oil Board: CPO to trade at RM4,000-RM4,200 per tonne in 2023
Harn Len buys plantation unit from Jakel for RM54.7m in cash and shares, confirms The Edge report
GRAINS-Chicago soyoil nears 2008 high as Indonesia bans palm oil exports
Malaysia mulls halting palm oil exports to EU to oppose new rule
Palm hits near three-week closing low on export demand concerns
12/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures fell for a second consecutive session on Wednesday to close at their lowest in nearly three weeks, as fears grew about waning demand after early-January exports plummeted by about half.
Malaysian analysts expect lower crude palm oil prices in 2023
11/01/2023 (People Gazette) - Malaysia’s leading securities and investment group, Affin Hwang Investment Bank, said in a note that CPO prices could be supported at 3,700 ringgit. That is about $846 to 4,000 ringgits ($914) per tonne in the short-term, given the seasonally low production period in major producing countries of Indonesia and Malaysia due to the monsoon season.
Malaysia’s palm oil stocks down 4.09% in Dec 2022
10/01/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.
POSCO International to Build Palm Oil Refinery in Indonesia
11/01/2023 (Business Korea) - POSCO International will establish a palm refinery in Indonesia as part of its efforts to transform into a general business company covering energy, food, and eco-friendly parts.
Indonesia to set Jan 16-31 palm oil reference price at $920.57/T –official
11/01/2023 (Market Screener), Jakarta - Indonesia planned to set its crude palm oil reference price at $920.57 per tonne for Jan. 16-31, up from $858.96 per tonne in Jan. 1-15, deputy coordinating minister of economic affairs Musdhalifah Machmud said on Wednesday.
Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.
December palm oil stocks slip to four-month low
Malaysia’s December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed yesterday.
Indonesia’s biofuel push must go beyond palm oil to reduce risk, experts say
Indonesia must develop a new feedstock alternative to palm oil as the government intensifies an ambitious biofuel program meant to move away from diesel, observers say.
China’s soybean imports have peaked and will keep falling as Beijing stresses food security, report says
China’s soybean imports appear to have already hit their peak level and will gradually decline through 2030 as Beijing continues its effort to double down on food security, according to a new report.
