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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Govt to procure 5.5m litres of soybean oil
20/10/2024 (Dhaka Tribune) - The government on Sunday approved separate proposals for procuring approximately 5.5 million litres of soybean oil and 150,000 tons of fertilizer to meet the growing demand in the country.
Palm falls on mix trading in rival oils
17/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed down on Thursday after rising in the previous session, weighed down by mixed trading in rival oils.
Sarawak palm oil sector embraces sustainable practices amid technological challenges
17/10/2024 (Borneo Post), Kuching - Palm oil industry players and the Sarawak government are intensifying their commitment to balance industrial progress with ecological responsibility, ensuring the palm oil industry continues to thrive in a sustainable manner, said Sarawak Oil Palm Plantation Owners Association (Soppoa).
Govt slashes VAT on import of edible oil
18/10/2024 (Prothomalo) - The government on Thursday reduced the Value Added Tax (VAT) on import of soybean and palm oil to 10 per cent from existing 15 per cent.
YGN palm oil wholesale reference rate dips this week
17/10/2024 (Global New Light Myanmar) - The wholesale reference rate of palm oil for the Yangon market declined a bit to K6,355 per viss this week ending 20 October, down from K6,455 of last week ending 13 October, according to the Supervisory Committee on edible oil import and distribution.
ICE canola rises on soybean oil strength
17/10/2024 (Reuters) -ICE canola futures closed up on Thursday on spillover strength from higher U.S. soybean oil prices.
Malaysia keeps November crude palm oil export duty at 8% — MPOB
16/10/2024 (Reuters), Kuala Lumpur - Malaysia has maintained its November export tax for crude palm oil at 8%, and raised its reference price, a circular on the Malaysian Palm Oil Board (MPOB) website showed on Wednesday.
Govt approved RM52.9 million for Smallholder Palm Oil Replanting Scheme: Johari
16/10/2024 (New Straits Times), Kuala Lumpur - The government has approved RM52.9 million in funds under the Smallholder Palm Oil Replanting Financing Incentive Scheme (TSPKS2.0), involving 1,165 palm oil smallholders and 3,378ha as of Oct 14.
Booming Chinese demand drives canola exports
16/10/2024 (The Western Producer) - The Canadian grain and oilseed sector continues to have an overreliance on Chinese exports, which was illustrated by the Canadian Grain Commission’s August report on exports of Canadian grain and wheat flour.
