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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
27/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday on concerns over weaker-than-expected palm oil production going forward, said a trader.
With EUDR Deadline Looming, Is Malaysia’s Palm Oil Industry Ready?
27/06/2024 (Business Today) - The MPOC collaborated with the European Forest Institute (EFI) and key stakeholders to discuss preparations, challenges, and solutions for EU operators and Malaysian exporters to comply with the EU Deforestation Regulation (EUDR). With the compliance deadline of December 30, 2024, approaching, EU operators and traders must ensure that products entering the EU are deforestation-free and produced according to relevant local laws.
MPOB to launch innovative services at July 4 tech transfer
27/06/2024 (Selangor Journal), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will launch innovative technologies and services in conjunction with the Transfer of Technology (TOT) MPOB on July 4.
United Malacca's quarterly net profit jumps 78% on higher oil palm prices, declares 7 sen dividend
27/06/2024 (The Edge Malaysia), Kuala Lumpur - United Malacca Bhd (KL:UMCCA) on Thursday reported a 77.81% rise in quarterly net profit to RM15.3 million from RM8.6 million a year earlier, driven by stronger revenue contributions from its main business segments which offset losses from its investment activities.
Libya a step closer to exporting olive oil directly to Europe and the rest of the world
27/06/2024 (Libya Herald) - Libya is a step closer to exporting olive oil directly to Europe and the rest of the world. The revelation was made by Libya’s Ambassador in Spain, Walid Abu Abdullah, on his personal Facebook page last Tuesday 25 June.
Bulgaria’s rapeseed crush capacity rises sharply
27/06/2024 (World Grain), Sofia, Bulgaria - Bulgaria became a net importer of rapeseed in the 2023-24 marketing year with growing trade driven by expanding domestic crush capacities, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.
CPO futures snap three-day losing streak to end higher
26/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped three consecutive days of losses to end higher on Wednesday on prospects of weaker production in the coming weeks, said palm oil trader David Ng.
Centre allows duty concessions for corn, vegetable oil imports
27/06/2024 (Deccan Herald), Mumbai - India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation.
Spain eliminates sales tax on olive oil amid price spike
25/06/2024 (Anadolu Ajansı) - Spain announced on Tuesday that it will eliminate sales tax on olive oil, a key product of Spanish cuisine, after a massive price spike in recent years.