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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
Tawau oil palm co-ops running out of time to get MSPO certification
Cooperatives (co-ops) involved in oil palm cultivation here have been urged to strive for the Malaysian Sustainable Palm Oil (MSPO) certification before the year-end deadline.
MPOB expects palm oil stocks to fall 1.5 - 2m tonnes
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) expects the country’s palm oil stocks to finish the year at 2.1 million tonnes or at least remain at the current level of 2.25 million tonnes on continued demand for the edible oil amid a lower-than-expected production.
Malaysia expects palm oil inventory to end year lower
Malaysia expects its palm oil stocks to end the year down at 2.1 million tonnes or remain at the current level of 2.25 million tonnes.
SEA urges govt to hike duty differential on refined palm oil, palmolein imports
Palm oil import has reduced drastically from 2,64,000 tonne in September 2019 to 1,22,000 tonne in November 2019 and also the overall import of palmolein oil has decreased, said BV Mehta, executive director, SEA.
CPO futures edge higher despite cautious market tone
KUALA LUMPUR, Dec 19 — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives inched higher despite a cautious market tone.
Tea companies moot for palm oil production in tea estates, approach ITA
"We have asked the Tea Board to see if we can grow palm in our estates and manufacture palm oil. We need a big area for this", Vivek Goenka, chairman of the ITA, said
Stronger 2H expected for United Malacca on higher palm oil prices
United Malacca Bhd (Dec 19, RM5.38) Maintain sell with an unchanged target price of RM5.32: United Malacca Bhd’s core losses narrowed to RM13.7 million for the second quarter ended Oct 31, 2019 (2QFY20) compared with RM18.5 million for the preceding quarter, thanks to higher fresh fruit bunch (FFB) production and palm oil prices.
Export levy to balance the CPO price rally
THE activation of the export duty for crude palm oil (CPO) purchases after a long suspension is practical as the commodity has been performing progressively since its low point last year, said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa.
Malaysian palm oil closes lower
Malaysian palm oil futures ended lower on Wednesday, weighed by weaker rival oils and as a recent rally in palm prices curbed demand for the commodity, although worries over lower stockpiles capped losses. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.7% at 2,859 ringgit ($685.61). It had fallen as much as 2.5% earlier in the session.
