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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
VEGOILS-Palm oil slips on weaker rival oils, demand concerns
Malaysian palm oil futures fell on Wednesday, tracking weaker rival oils, and on growing concerns over demand as more countries self-isolate against the coronavirus outbreak
Indonesian anti-graft enforcers set their sights on corporations
An Indonesian anti-graft agency, widely recognised for its prowess at catching corrupt government officials, has begun to refocus its approach towards cracking down on natural resource firms that pay bribes in exchange for permits.
MCO: Appeal to reconsider closure of palm oil mills
The Malaysian Palm Oil Association (MPOA) and Malaysian Estate Owners Association (MEOA) have appealed to the State Government to reconsider the decision to close all palm oil mills in plantations in Tawau, Lahad Datu and Kinabatangan
‘Serious consequences’: ASEAN COVID-19 lockdowns heighten food supply fears
A lack of collaboration between ASEAN governments and the food industry could risk causing supply shortages across the region as several nations enforce COVID-19 lockdowns
Synthetic palm oil lacks nutritional value of natural palm oil — MPOB
Synthetic palm oil does not contain vitamins A and E compared to natural palm oil rich with these nutritional values, the Malaysian Palm Oil Board (MPOB) said in a statement yesterday
‘Palm oil domestic consumption cannot offset losses in exports’
Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa said domestic consumption in February was 346,720 tonnes – a 13-month high, but it only accounts for 16 per cent of total annual demand.
Food prices remain high despite fuel and commodity rates crash
Consumers are yet to get any benefit in commodity prices despite Rs20 per litre cut in diesel prices and declining international rates of pulses, tea and edible oil.
Palm oil ops closure in Sabah to likely result in 18-20% drop in M'sia monthly CPO production — UOBKayHian
The closure of palm oil estate and milling operations in six districts in Sabah could result in a loss of 18% to 20% in Malaysia’s monthly crude palm oil (CPO) production, and a 2% loss of total CPO production for 2020.
India Lockdown Casts Shadow on Biggest Buyer’s Palm Imports
Palm oil imports by India will probably slump year-on-year for a sixth month in April as a nationwide lockdown in the world’s biggest buyer to combat the spread of the coronavirus hurts operations at ports and factories.
