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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
Malaysia counts on South Korea to relax tocotrienols import rules
Malaysia is not only appreciative of the interest shown by South Korea to purchase its palm oil but also counting on the latter to relax its regulation on the import of tocotrienols (vitamin E) which are present in the commodity.
Daim: No future for palm oil, but coconuts is a possibility
SUBANG, Nov 27 — Unless the government is able to channel palm oil towards food production, there is no future for the industry, former finance minister Tun Daim Zainuddin said today.
Malaysian palm oil edges higher
Malaysian palm oil futures closed higher on Wednesday, supported by bargain buying after the previous session's losses, although gains were capped by cheaper rivals on the Dalian and a stronger ringgit.
Fitch foresees higher CPO prices next year on improved supply-demand balance
KUALA LUMPUR, Nov. 27 (Xinhua) -- Fitch Ratings said Wednesday that it expects Malaysian benchmark Crude Palm Oil (CPO) prices to average 550 U.S. dollars per ton in 2020, up from around 500 U.S. dollars this year.
Are paper’s problems being palmed off?
The Roundtable on Sustainable Palm Oil (RSPO) brings producers and processors together with manufacturers, retailers, banks, and NGOs, and has advocated a “multi-stakeholder approach†to reduce the environmental impact of the palm oil industry.
Kit Kat, Dove makers could face fines in push for green palm oil
KUALA LUMPUR: Companies that make top brands including Kit Kat chocolate and Dove soap may face fines if they fail to buy more green palm oil under new rules aimed at improving the controversial industry’s environmental sustainability.
US ag trade surplus in 2020 projected at $7 billion, up 52% on year
NewDelhi — The US agricultural trade surplus in for the 2020 fiscal year that starts in October and ends September 2020 is projected at $7 billion, up 52% year on year, because of increased export value of soybeans, pork and dairy products, according to the USDA.
Palm oil posts steepest intraday drop in nearly 7 months
Malaysian palm oil futures slumped about 3.6% on Tuesday, their biggest intraday drop in nearly seven months, as weaker rival oils on China's Dalian Commodity Exchange and expectations of lower imports by key buyer India weighed on sentiment.
IOI Corp sees positive start to FY20 as 1Q profit rises 3.6% to RM149m
IOI Corp Bhd’s net profit rose 3.6% to RM149 million for its first financial quarter ended Sept 30, 2019 (1QFY20) from RM143.8 million a year ago, mainly due to higher contribution from its resource-based manufacturing segment.
