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MARKET DEVELOPMENT
26-12-2023

CPO futures likely to see profit-taking next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see profit-taking next week, with prices expected to move between RM3,400 and RM3,500 per tonne.

MARKET DEVELOPMENT
26-12-2023

Lower edible oil import duty to stay till March 31, 2025

The government on Friday extended the lower import duty structure for palm, soyabean and sunflower oils by a year till March 31, 2025, which the industry says may adversely impact processing and prices of domestic oilseeds.

MARKET DEVELOPMENT
26-12-2023

CPO spot prices likely to average lower in 2024

Kuala Lumpur: Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) spot prices to average at US$650 per tonne in 2024, substantially lower than circa-US$840 per tonne in 2023 due to higher supply.

MARKET DEVELOPMENT
21-12-2023

Palm extends gains after raising of biodiesel mix

21/12/2023 (The Star Online), New Delhi - Malaysian palm oil futures rose yesterday, a day after Brazil decided to raise its mandatory biodiesel mix into diesel.

MARKET DEVELOPMENT
21-12-2023

CPO futures ends higher for third consecutive day

20/12/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher for the third consecutive day on concern over production issues in the coming weeks, a dealer said.

MARKET DEVELOPMENT
21-12-2023

Ministry to ramp up engagement to arrest decline in oil palm sector, says Johari

20/12/2023 (Free Malaysia Today), Petaling Jaya - Johari Ghani fears the oil palm sector may suffer the same fate as the rubber industry unless corrective action is taken.

MARKET DEVELOPMENT
21-12-2023

Champions A Circular Model For Palm Oil Production

20/12/2023 (Business World, India) - Godrej Agrovet (GAVL) is the largest oil palm processor in India. It follows the circularity model of production to ensure zero waste for landfill and energy efficiency. The company also works directly with more than 9,000 farmers for the entire lifecycle of the crop to ensure sustainable cultivation. Godrej Agrovet has helped develop over 75,000 hectares of plantations across Andhra Pradesh, Telangana, Tamil Nadu, Goa, Maharashtra and Mizoram.

MARKET DEVELOPMENT
21-12-2023

Edible oil, vegetable ghee output grew by 26.80% and 2.95%

20/12/2023 (Associate Press of Pakistan), Islamabad - Domestic production of edible oil and vegetable ghee during first four months of current financial year grew by 26.80 percent and 2.95 percent respectively as compared the output of the corresponding period of the last year.

WORLD
20-12-2023

Indonesian Palm Oil Exports Up 11.4 Pct in October

Jakarta. Indonesia recorded an 11.4 percent increase in its palm oil export in October 2023, industry ation data showsssocia.

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