|
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
Seasonal Bull Run of Palm Oil Puts Pressure on Fatty Acid Prices in US and China
16/10/2024 (Chemanalyst) - Fatty Acid prices in both China and the US witnessed an upward trend in September. The rise in Fatty Acid prices was primarily attributed to the growing demand for palm oil in the global market.
Palm bounces back on stronger crude and rival oils
16/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures opened higher on Wednesday, bouncing back after two consecutive sessions of declines, on the strength of rival oils and crude oil prices.
MPOC Expects CPO Price To Hold Steady At RM4000 In October
15/10/2024 (Business Today) - Malaysia’s palm oil production reached its peak in August this year, two months earlier than in the past three years, which peaked in October. Palm oil production in September declined 3.8% to 1.82 million tonnes, with further seasonal reductions expected until end of the year. Despite the drop in production, the Malaysian Palm Oil Council said Malaysian palm oil exports remained robust, posting a modest increase of 0.9% to 1.54 million tonnes. Year-over-year, September exports surged by an impressive 27.3%.
Timing right for Malaysia to introduce cooking oil futures
15/10/2024 (New Straits Times), Kuala Lumpur - It is the perfect time to introduce used cooking oil (UCO) futures in light of the growing emphasis on sustainability in the palm oil industry, according to an industry expert.
Australia Ships 375,480 Tonnes of Canola Overseas in August
15/10/2024 (Chemanalyst) - Australia exported 375,480 tonnes of canola in August, according to the Australian Bureau of Statistics, as reported by Grain Central. This figure shows a slight decline from the 386,034 tonnes shipped in July but remains above the 358,677 tonnes exported in August last year. The data highlights Australia’s strong performance in canola exports, which concluded a record-setting year on September 30, 2023, with a total shipment of 6 million tonnes.
Decline in biodiesel use, according to new figures
15/10/2024 (Biofuels International) - The consumption of biodiesel in June 2024 decreased 3% tonnes month-on-month to 197,700 tonnes, according to the Federal Office for Economic Affairs and Export Control (BAFA).
Need to raise palm oil yields
15/10/2024 (The Sun) - MANY have read the coverage of palm oil in the business press recently, and I want to deal with one aspect of it here, a point I have valued highly.
Palm oil rises on speculative buying, short covering
14/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose on Monday, supported by a combination of speculative buying and short covering, although gains were capped by weaker crude oil prices.
Premier: S’wak hopes to be major player in mechanised oil palm harvester production
14/10/2024 (Borneo Post Online), Kuching - Sarawak hopes to become a major player in the production of mechanised oil palm harvesters, following the unveiling of the ‘Lipan’ harvester in Miri recently, said Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
