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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Positive CPO price sentiment likely to sustain into 2020
Plantation sector Upgrade to overweight: We are turning more positive on the plantation sector as we believe the current positive crude palm oil (CPO) price sentiment will sustain into 2020 due to supply constraints arising from potential palm production deficits in Malaysia and Indonesia, lower soybean output in the US and more positive demand prospects (arising from higher biodiesel mandates in Malaysia and Indonesia from 2020 as well as the spreading of African swine fever [ASF]). Given our more bullish stance on the sector’s prospects, we raise our average CPO price assumption for 2020 to 2021 by RM200 per tonne to RM2,400 per tonne, and upgrade our rating for the sector to “overweightâ€. Our top picks are FGV Holdings Bhd (“buyâ€; target price [TP]: RM1.42), Genting Plantations Bhd (“buyâ€; TP: RM11.18), Hap Seng Plantations Holdings Bhd (“buyâ€; TP: RM1.68), Kuala Lumpur Kepong Bhd (“buyâ€; TP: RM24.37) and TSH Resources Bhd (“buyâ€; TP: RM1.05).
Malaysia seeks intervention from WTO on palm oil issue
KUALA LUMPUR: Malaysia and other countries under the Council of Palm Oil Producing Countries (CPOPC) will seek intervention from the World Trade Organisation to safeguard the palm oil sector.
Palm oil producers to set up fund to fight critics
Palm oil producers will set up a joint fund to counter critics of the industry, a Malaysian government official said on Tuesday, amid growing scrutiny of a commodity which is accused of causing widespread environmental damage.
India will always be dependent on Malaysia for palm oil — expert
KUALA LUMPUR (Nov 19): India will always be dependent on Malaysia for palm oil, as it is the cheapest edible oil in the world.
Malaysia to levy additional 1-ringgit tax on palm oil next year
Income to fund reforestation, wild life conservation, boost sustainable farming KUALA LUMPUR (Nikkei Markets) -- Malaysia plans to levy from next year an additional one ringgit ($0.24) tax per metric ton of crude palm oil produced in the country to channel such income to a proposed fund aimed at financing reforestation and wildlife conservation as the world's second largest producer of the commodity ramps up efforts to boost sustainable palm plantation.
Biotech: Plants, pathogens and perseverance
When Ivan Hoh and Yap Soon Joo graduated from university in the mid-2000s, having bought into the government’s avowed interest in biotechnology, they realised that it had been a lot of hot air.
US-China trade pessimism, high soybean oil send BO-HO factor to 20-month high
Houston — The BO-HO factor, an indicator describing the relationship between feedstock soybean oil and blendstock heating oil pricing used by the biodiesel industry to gauge costs and margins, finished Tuesday's session at a 20-month high.
Malaysian palm oil to meet new EU food safety levels by 2021 –minister
KUALA LUMPUR, Nov 19 (Reuters) - Malaysia, the second-biggest producer and exporter of palm oil after Indonesia, will enforce regulations to ensure that by 2021 its palm oil meets new food safety standards under consideration by the European Union, a minister said on Tuesday.
SE Asia Stocks-Malaysia falls as new palm oil rules set to kick in; others edge lower
Most Southeast Asian stock markets fell on Tuesday as lack of significant progress in U.S.-China trade talks kept investors on the edge, while Malaysia slipped after the government announced new food safety standards for its vital palm oil industry.
