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Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
Indonesia, Malaysia push biofuel to offset palm oil price downturn
Palm closes lower ahead of August supply-demand data
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
VEGOILS-Palm dips on weaker Malaysian exports, but rival oils limit losses
28/08/2023 (Nasdaq), Singapore - Malaysian palm oil futures dipped on Monday following reports of lacklustre exports this month, although gains in competing edible oils limited the downward trend.
Effects of windfall profit levy on the palm oil industry
28/04/2023 (The Star Online) - THE sustainable palm oil production in Malaysia is the consequence of many people’s long years of suffering and sacrifice. This obvious land-based, capital-intensive, risky and long-haul business had survived world wars, the Great Recession, the Great Depression, as well as numerous natural disasters.
Food could get pricier again if El Nino hits sugar and palm oil
26/08/2023 (The Star Online), Manila - While consumer price inflation (CPI) has tapered off compared with the spikes seen in 2022, shoppers are faced with more expensive food than before the Covid pandemic.
CPO futures seen marching towards RM4,130 per tonne next week
26/08/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to maintain their upward trajectory next week due to the robust and persistent demand for palm oil, particularly from China.
Malaysia produces 32pc world’s palm oil
26/08/2023 (Daily Express) - MALAYSIA accounts for 32 per cent of the palm oil produced globally and earned RM137.89 billion from its palm oil exports last year.
Higher CPO prices to support SDP H2 earnings
25/08/2023 (The Star Online), Petaling Jaya - Analysts are split on the prospects of Sime Darby Plantation Bhd (SDP), with some citing their concerns on the planter’s earnings for the first half of financial year 2023 (1H23), which are below consensus estimates.
RSPO helps smallholders market sustainable Palm Oil to the global market
25/08/2023 (New Straits Times), Kuala Lumpur - Malaysia's oil palm smallholders have the opportunity to generate higher incomes by increasing exports of their products through the Malaysian Sustainable Palm Oil (MSPO) and Roundtable on Sustainable Palm Oil (RSPO) certification programmes.
Anti-Deforestation Law Is EU's Measure to Regulate Palm Oil Price, Expert Says
25/08/2023 (Tempo.Co), Jakarta - Researcher from the Institute for Economic and Social Research of Universitas Indonesia Eugenia Mardanugraha said that the EU's Anti Deforestation Law (EUDR) is Europe's line of action to control the prices of palm oil.
VEGOILS-Palm ends over 1% up on Dalian edible oils uptick, bargain-buying
24/08/2023 (Nasdaq), Singapore - Malaysian palm oil futures finished more than 1% higher on Thursday, snapping a two-day downturn, as traders sought bargains amid higher prices of bean and palm oil on the Dalian exchange.
