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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
Global oil demand drops
Global demand for oil was revised downward several times since the start of the year due to the devastating impact of the coronavirus.
Canada’s approval sets USMCA closer to implementation
Canada’s House of Commons and Senate voted in favor of implementing the U.S.-Mexico-Canada Agreement, one of the final hurdles before it becomes law.
Malaysia wants to resolve palm oil spat with India within a month, minister says
Malaysia aims to resolve its palm oil spat with India within a month, the southeast Asian nation's new minister of plantation industries and commodities said on Wednesday.
CPO futures nearly three-month low on COVID-19 pandemic declaration
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives fell below RM2,300 per tonne at Thursday's close after the World Health Organisation (WHO) declared the COVID-19 a global pandemic.
Soya oil dips on weak cues
Barring groundnut oil, the majority of oils and oil seeds traded low on weak global cues, physical demand and coronavirus scare, with soya refined being quoted at ₹785 for 10 kg, while soya solvent ruled at ₹735-40.
Canola values resilient in face of drop in oil and markets
The COVID-19 virus worldwide and the rail blockades at home have depressed grain futures prices but canola prices have fared better than most other parts of the vegetable oil complex and crude oil values.
Oil palm cultivation to be taken up in 2.78 lakh ha
The State government has announced its resolve to promote oil palm cultivation in different parts of the State.
Malaysia seeks markets in Middle East & North Africa
Malaysia is targeting North Africa and Middle East as the new export markets for its palm oil.
Group forecasts price of coco oil to remain down
THE coronavirus disease (Covid-19) has prevented the recovery of the prices of coconut oil in the world market, the coconut industry players in the Davao Region said.
