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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
Oil consumption poised to see 8.7% drop
Overall oil consumption is likely to contract by 8.7% this year, a record decrease, to 144 million litres per day (MLD) on average, from 157 MLD last year, because of the Covid-19 impact, says the Department of Energy Business (DOEB).
Palm oil players urged to step up game to eradicate haze
THE palm oil industry needs to step up its game to solve the transboundary haze problem that mainly affects three South-East Asian countries — Malaysia, Indonesia and Singapore.
Subdued rubber price reflects poor automotive sales
THE price of natural rubber (NR) is not reflective of its fundamentals, as poor global automotive production and sales led to subdued growth of the commodity.
MPOB invents 1st automated detection system for bagworm
The Malaysian Palm Oil Board (MPOB) has developed the world's first automated detection system to track bagworm species "metisa plana", which is a leaf-eating insect that attacks oil palm.
IOI Corp enhances operational efficiencies with S/4HANA
IOI Corporation Bhd (IOI Corp) credits its earlier decision to embark on a digital transformation programme which has resulted in the group realising greater operational efficiencies.
Crude palm oil futures up 1.34% in afternoon trade
Crude palm oil futures climbed to Rs 717 per 10 kg on July 29 as participants increased their long positions.
CPO price not likely to keep going
Kenanga Research is unconvinced that the price of crude palm oil (CPO) will keep going this year as the low stock situation is going to be temporary.
Malaysia-India trade ties on the upswing, says group
India’s move to resume importing Malaysian palm oil besides seeking Malaysia’s expertise for the commodity in the form of technology transfer illustrate the upswing of trade ties between both countries, says the Consortium of Indian Industries in Malaysia (CIIM).
Strong rebound in exports in June
Malaysia’s exports in June saw a strong rebound as economies globally reopened, paving the way for a good uptick in economic activities in the second half of the year.
