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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Palm oil snaps three-day winning streak on weak rival oils, profit taking
SINGAPORE: Malaysian palm oil futures snapped a three-day rally on Monday, due to weakness in rival oils and on profit taking.
Funds continue cultivating massive CBOT grain, oilseed short
NAPERVILLE, Illinois, Jan 28 (Reuters) - Speculators have built their most bearish-ever January view across U.S. grains and oilseeds, and the collective net short is among the largest on record, driven by further selling in soybeans and meal last week.
Palm oil futures drop 1pc on weak rival edible oils
29/01/2024 (New Straits Times), Singapore - Malaysian palm oil futures dropped on Monday, as traders gauged weakness in rival edible oils, although higher crude prices limited losses.
PFA fines 1100 eateries for unhygienic cooking practices
29/01/2024 (The Nation, Pakistan), Islamabad - In a recent extensive operation spanning the entire province, the Punjab Food Authority (PFA) has taken decisive action against the use of substandard cooking oil, issuing warning notices to 4,000 food points and imposing hefty fines on 1,100 outlets.
CPO futures to trade rangebound next week as profit-taking activities expected
28/01/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade rangebound next week with the possibility of profit-taking activities after the recent rally.
East Kalimantan Declares Support for National Palm Oil Industry Downstreaming Program
28/01/2024 (Tempo.co), East Kalimantan - The East Kalimantan provincial government declared that they fully support the downstreaming program of the national palm oil industry that aims to make the palm oil plantation sector as one of the mainstays of the Indonesian economy.
Securing rights for plantation workers
26/01/2024 (The Star Online) - BUILDING a better life for family was Panji’s main source of motivation to work tirelessly, even if it meant doing hard labour.He noticed that friends and relatives who had migrated to work in Malaysia could afford to build comfortable houses for their families and provide proper education for their children.
Improving traceability of sustainable palm oil
26/01/2024 (The Star Online) - PALM oil exports were a challenging, high-profile issue for Indonesian diplomats in 2023, particularly concerning European Union (EU)-Indonesia trade deal negotiations and the EU Deforestation Regulation (EUDR) that have caused unhappiness at the highest levels.
Benchmark for Sabah oil palm sustainability
25/01/2024 (Daily Express), Kota Kinabalu - The Sabah Jurisdictional Approach for Sustainable Palm Oil (Jaspo) Initiative is developing a system to monitor the progress and impacts of jurisdictional approach to Sabah.
