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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
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Fadillah confident M’sian Sustainable Palm Oil will be recognised as part of EU Deforestation Regulation
28/10/2023 (The Borneo Post), Bintulu - Deputy Prime Minister Datuk Seri Fadillah Yusof stated that the second meeting regarding the European Union Deforestation Regulation (EUDR) in December is expected to recognise the Malaysian Sustainable Palm Oil (MSPO) certification as part of the EUDR audit process.
Indonesia conducts first commercial flight using palm oil-blended jet fuel
27/10/2023 (Reuters), Jakarta - Indonesia on Friday flew its first commercial flight using palm oil-blended jet fuel, as the world's biggest producer of the commodity pushes for wider use of biofuels to cut fuel imports.
Garuda tests first commercial palm oil-based jet fuel flight
27/10/2023 (Free Malaysia Today), Jakarta - Indonesia’s flag carrier will test its first commercial flight using jet fuel mixed with palm oil to reduce carbon emissions.
Fadillah: Number of sustainable palm growers cooperatives in S’wak still lacking
29/10/2023 (The Borneo Post), Bintulu - The number of Sustainable Palm Growers Cooperatives (KPSMs) in Sarawak is still not encouraging, said Deputy Prime Minister Datuk Sri Fadillah Yusof.
Stronger rupee fails to bring down retail prices
29/10/2023 (Dawn), Karachi - The nine per cent jump in the rupee’s value against the dollar since Sept 5, sliding world prices and falling transportation costs have not brought any big price relief for the consumers in retail markets in nearly two months despite a downward trajectory in wholesale rates.
Govt will not abolish palm oil industry's windfall profit levy - MoF
26/10/2023 (The Star Online), Kuala Lumpur - The government does not intend to abolish the windfall profit levy (WPL) on the palm oil industry at the moment, said the Ministry of Finance (MoF).
VEGOILS-Palm oil climbs on stronger rival oils, weaker ringgit
26/10/2023 (Nasdaq) - Malaysian palm oil futures extended gains on Thursday, buoyed by strength in rival edible oils and a softer ringgit, although lacklustre exports and weaker crude oil prices limited gains.
Sarawak Plantation secures RM40 mil Islamic facility to develop oil palm plantations
26/10/2023 (The Edge Malaysia), Kuala Lumpur - Oil palm player Sarawak Plantation Bhd has secured a RM40 million Islamic facility to partly finance the development costs of its oil palm plantations throughout Sarawak.
Cargill to offer only certified palm oil
26/10/2023 (Biofuels International) - Cargill is set to become one of the first, large-scale US suppliers to exclusively offer palm oil certified by the Roundtable for Sustainable Palm Oil (RSPO).
