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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
CPO price to remain under pressure as Covid-19 outbreak weakens demand
Crude palm oil (CPO) prices will likely remain under pressure as the several factors, including the Coronavirus Disease 2019 (Covid-19) outbreak, are expected to continue limiting demand in the coming months.
Restocking, improved India ties seen to curb palm oil price fall
The Malaysian Palm Oil Board’s February data showed an increase in crude palm oil (CPO) production to 1.29 million tonnes (+10% month-on-month [m-o-m]; -16.6% year-on-year [y-o-y]) after four consecutive months of decline. This increase was in line with market expectations.
Malaysia aims to resolve palm oil spat with India within a month
Malaysia has set itself a target of a month within which to resolve its trade dispute with India over palm oil, the southeast Asian nation's new commodities minister said on Wednesday.
Angola spends US$30 million per month on palm oil imports
Angola spends US$30 per month importing 10,000 tonnes of palm oil, said on Monday in Ndalatando, Kwanza Norte province, the secretary of state for the economy, Mário Caetano João.
Palm oil demand could pick up ahead of Ramadhan — Affin Hwang Capital Research
Demand for palm oil products could improve in March and April ahead of Ramadhan and a rapprochement between the new administration in Putrajaya and India.
Indonesia can not accept discriminatory EU energy policies: Siregar
Deputy Foreign Minister MahendraSiregar stressed that Indonesia could not accept the European Union (EU) energy policy which blamed biofuel from palm oil as a cause of deforestation, describing it as discriminatory.
Plunge in oil prices may lead to deferred chem purchases
The sharp drop in oil prices could lead to deferred chemical purchase, as buyers may wait for the decline to trickle downstream, US market participants said on Wednesday.
Johor launches stimulus package aimed at helping Malay Felda landowners
The Johor state government has launched a stimulus package to help Felda (Federal Land Development Authority) landowners on Malay reserve land.
Petrol and Diesel price cut by Rs 2 per litre, here's why fuel prices slashed for seventh consecutive day
What comes to a major relief to commuters in Delhi, oil companies have announced a Rs 2.69 and Rs 2.33 cut in petrol and diesel prices per litre.
