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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
Malaysia mulls expansion of B10 biodiesel usage to industrial sector
KUALA LUMPUR, Oct 3 (Reuters) - Malaysia is considering expansion of its B10 biodiesel programme, which requires the mandatory use of 10% palm oil, to the industrial sector, its plantations and commodities minister said on Tuesday.
Argentina extends soy export incentives to shore up foreign reserves
Argentina’s government said on Monday it will extend a program to incentivize grains exports in a push to shore up the country’s meager foreign reserves, as it looks to meet targets set by the International Monetary Fund amid an economic crisis.
Turkey sees sunflowerseed production decline
ANKARA, TURKEY — Sunflowerseed production in Turkey is forecast to decline by 20% in marketing year 2023-24 due to a persistent drought in the country’s most important sunflower-producing region, according to a Global Agricultural Information Network (GAIN) report from the US Department of Agriculture’s Foreign Agricultural Service (FAS).
Malaysia’s September palm oil exports at 1,318,765 tons – SGS
Cargo surveyor Societe Generale de Surveillance (SGS) estimates exports of Malaysian palm oil products for September at 1,318,765metric tons, according to LSEG.
Malaysian palm oil extends losses
JAKARTA: Malaysian palm oil futures traded lower on Monday, extending losses for a second session trailing weakness in Chicago soyoil as the Chinese closed for a long holiday.
Fadillah: Oil palm stakeholders should work collectively towards sustaining prosperity
KUALA LUMPUR: Stakeholders in the oil palm industry must work collectively towards sustaining the prosperity of the critical facets of the industry, said Deputy Prime Minister and Minister of Plantation and Commodities Datuk Seri Fadillah Yusof (pix).
MPOA: Windfall profit levy review, reinvestment allowance for oil palm replanting on Budget 2024 wishlist
KUALA LUMPUR (Oct 2): The Malaysian Palm Oil Association (MPOA) has shared its wishlist for Budget 2024, including a review of the windfall profit levy, reinvestment allowance for intensifying oil palm replanting, pre-requisite for sufficient workers, mechanisation, levies as well as support for sustainability initiatives.
Amid ‘fairly good’ weather, Malaysia’s palm oil production seen marginally higher this year
KUALA LUMPUR (Oct 2): While Malaysia’s crude palm oil (CPO) production up to end-August this year lags behind the same period last year, the country’s annual CPO output could still be marginally higher this year than last, amid “fairly good” weather.
Soybeans Close Higher on Oct 1st
After a contested Monday session, the soybean futures closed 2 to 6 cents in the black to start the new month of positioning. Soymeal futures closed off their lows, but were still down by $6 to $8.30/ton. Soybean Oil futures closed 146 to 241 points higher on the day.
