|
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
Palm oil falls on heavy losses at Dalian rival oils
13/11/2024 (Reuters), Jakarta - Malaysian palm oil futures fell for a second session in a row on Wednesday, dragged down by the heavy losses in prices of rival vegetable oils in Dalian.
India's October palm oil imports rise 60% m/m, trade body says
13/11/2024 (Reuters) - India's palm oil imports in October rose 60% from September to 845,682 metric tons on festive demand and as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports recently, the Solvent Extractors' Association of India (SEA) said on Wednesday.
Johor Plantations optimistic as prices stay high after net profit rises 13% in 3Q
13/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil producer Johor Plantations Group Bhd (KL:JPG) said on Wednesday it is optimistic on the remaining months of the year thanks to strong prices after net profit rose 13% in the third quarter.
Fatty Alcohol Prices Rise as Palm Oil Supply Tightens: Asian market Faces Price Pressure
13/11/2024 (Chemanalyst) - The prices of Fatty Alcohol, a vital ingredient in the production of cosmetics, detergents, and industrial applications, have been steadily increasing in recent weeks across major exporting nations such as Indonesia and Malaysia. As both countries account for over 80% of global palm oil supply, the rise in Fatty Alcohol prices is a direct reflection of the pressure on palm oil prices, which have surged in recent months. Countries like India and China, major importers of Fatty Alcohol, are also witnessing similar price increases due to their reliance on imports from these key producers.
Bursa Malaysia aims to launch used cooking oil futures in December
13/11/2024 (The Edge Malaysia) - Bursa Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil (UCO) futures contract as early as December, the director of the Malaysian bourse said on Wednesday.
Upward Momentum In CPO Prices Drives Sarawak Oil Valuation Forward
12/11/2024 (Business Today) - Sarawak Oil Palms Bhd (SOP) is poised to continue benefitting from rising crude palm oil (CPO) prices, which recently surged past RM5,000 per tonne.
CPO price forecast to climb for rest of the year
13/11/2024 (The Star), Petaling Jaya - Analysts are mostly revising upwards their crude palm oil (CPO) price forecasts for the remainder of 2024 and first quarter of 2025 (1Q25) following growing concerns over declining production and supply tightness.
RSPO Roundtable Conference Call for Bold, Innovative Approaches to Revitalize Sustainable Palm Oil
12/11/2024 (Chemanalyst) - Building on two decades of progress, the Roundtable on Sustainable Palm Oil (RSPO) has called for more focused efforts to scale innovation and drive transformative changes in the palm oil sector. The RSPO’s Annual Roundtable Conference (RT2024), supported by Thailand's Ministry of Agriculture and Cooperatives, was held in Bangkok from November 11-13, as preparations for the RSPO 2024 Standards were underway. These revised Standards include the 2024 RSPO Principles & Criteria (P&C) and the 2024 RSPO Independent Smallholder (ISH) Standard. They aim to provide clearer, more auditable guidelines while focusing on critical issues such as deforestation, human rights due diligence, and smallholder inclusion in global supply chains.
Fuji Oil Asia to build speciality oils and fats refinery in Malaysia
12/11/2024 (Oils & Fats International) - Japanese oils and fats company Fuji Oil Asia has signed an agreement with palm oil producer Johor Plantations Group (JPG) to build a speciality oils and fats refinery in Malaysia, The Star wrote.
