|
AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Reversing Oil Palm ban, must to meet 50% edible oil demand by 2025 – PIOA
06/12/2024 (Daily News, Sri Lanka) - Sri Lanka is the only country in the world to ban Oil Palm and steps should be taken to correct this as it could usher huge economic benefits to the country, said President, Rohan M Fernando, Palm Oil Industry Association (POIA) at their 5th Annual General Meeting yesterday.
Prices for cooking oil rising in Myanmar’s domestic market
05/12/2024 (Mizzima News) - The reference price of edible palm oil set by the junta is continuously rising while the price is also rising in the open market.
CPO Futures End Lower In anticipation Of Sluggish Export Demand
04/12/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s gains to end lower today in anticipation of sluggish export demand.
Plantation firms show mixed Q3 performance amid lower CPO production
04/12/2024 (New Straits Times), Kuala Lumpur - Plantation companies recorded a mixed performance in the third quarter (Q3) earnings season, weighed down by lower crude palm oil (CPO) production, research firms said.
Malaysia’s first palm oil mill using artificial intelligence launched
04/12/2024 (OFI Magazine) - The first palm oil mill in Malaysia to use artificial intelligence (AI) was launched by Malaysia’s Plantation and Commodities Minister Johari Abdul Ghani on 19 November, The Star reported.
Malaysian Palm Oil Prices Surge Driven by Robust Demand and Adverse Weather Conditions
04/12/2024 (Chemical Analyst News) - Malaysian palm oil futures posted modest gains on Tuesday, driven by escalating supply concerns linked to severe flooding in peninsular Malaysia and a significant increase in Indonesia’s export tax and levy. However, an anticipated dip in November exports tempered the upward momentum.
Krohne highlights measurement options for edible oil production
04/12/2024 (Food and Drink Technology) - Krohne’s specialised measurement solutions for the food and beverage industry enable edible oil producers to improve hygienic procedures.
Palm oil rises on Malaysia floods, higher Indonesian export tax
03/12/2024 (New Straits Times), Jakarta - Malaysian palm oil futures rose on Tuesday, underpinned by supply concerns due to floods in peninsular Malaysia and a higher Indonesian export tax and levy in December, but an expected decline in November exports capped gains.
IAT Inks MoU with Aspekpir Indonesia to Enhance Quality Analysis for the Local Palm Oil Industry
03/12/2024 (The Manila Times), Jakarta - IAT (Singapore) Technology Pte. Ltd. (IAT), a leading provider of professional Near-Infrared (NIR) analysis products and services, has signed a Memorandum of Understanding (MoU) with the Aspekpir (Aspek Perkebunan Inti Rakyat or Nucleus-Plasma Plantation Partnerships). This partnership aims to revolutionize quality analysis in the palm oil industry. With its flagship product, the IAS-6100, IAT introduces advanced technology capable of delivering real-time data in less than two minutes, offering highly accurate assessments of oil palm fruit and its by-products.
