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Strong buying sentiment drives CPO uptrend at RM4,200
CPO prices forecast to dip amidst surplus soybean supply
Bullish outlook seen for Malaysian crude palm oil futures
Sunflower Processing in Ukraine Hits Three-Month High, Exports Drive Growth across the global market
Rimbunan Sawit to beef up crop production and yield
01/04/2024 (The Star), Kuching - Rimbunan Sawit Bhd will undertake a series of short-to-medium term measures to beef up crop production and yield of its loss-making oil palm plantations.
Palm oil smallholder cluster model to increase output
28/03/2024 (Free Malaysia Today), Petaling Jaya - The implementation of the palm oil smallholder cluster model can contribute an additional 9 million tonnes of fresh fruit bunches (FFB) producing roughly 1.8 million tonnes of crude palm oil if all the 1.5 million hectares of land that belong to smallholders can be consolidated into clusters of 10,000 hectares, said plantation and commodities minister Johari Ghani.
Malaysia to monitor EU’s palm oil biofuel curbs
29/03/2024 (Reuters), Kuala Lumpur - Malaysia says it will closely monitor how the European Union responds to a World Trade Organization ruling that supported the bloc’s stance that biofuel causing deforestation cannot be regarded as renewables but sought changes in how it implemented that decision.
Fitch: Higher global vegetable oil supply to drag CPO prices lower in Q2
27/03/2024 (Malay Mail), Kuala Lumpur - Fitch Ratings foresees that Malaysia’s benchmark crude palm oil (CPO) prices will weaken from the second quarter of 2024 (2Q 2024) due to a higher supply of vegetable oil globally.
Vegetable oils give canola market a lift
29/03/2024 (Manitoba Co-Operator) - Since March 1, the May contract for the oilseed has moved up nearly $50 per tonne on the Intercontinental Exchange, including a gain of $19.70 during the week ended March 21.
Indonesia accounts for 54% of global palm oil exports: minister
28/03/2024 (Antara News), Jakarta - Coordinating Minister for Economic Affairs, Airlangga Hartarto, has said that Indonesia is dominating global palm oil exports, accounting for 54 percent of world palm oil supplies.
CPO price may remain volatile
28/03/2024 (New Straits Times), Kuala Lumpur - TH Plantations Bhd (THP) cautioned over potential volatility in commodity prices, projecting crude palm oil (CPO) prices to fluctuate between RM3,500 and RM4,000 per tonne in 2024, compared to the average of RM3,809.50 per tonne in 2023.
Rushcliffe vegetable oil-powered bin lorries to cut emissions by 90%
25/03/2024 (West Bridgford Wire) - Rushcliffe Borough Council’s bin lorries are going veggie soon with most of its fleet switching to operate on hydrogenated vegetable oil (HVO) cutting their carbon dioxide emissions by 90 per cent.
Soybean oil consumption falls as consumers switch to mustard, palm oils
27/03/2024 (The Daily Star) - Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week