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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
Palm oil futures lower
JAKARTA: Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.
India’s palm oil imports set to jump 26% to 10 million tonnes
MUMBAI: India’s palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country’s top palm oil buyer told Reuters on Wednesday.
Palm oil group to allocate RM2mil to elephant and orangutan conservation efforts in Sabah
KOTA KINABALU: Over RM2mil has been allocated for the population survey of elephants and orangutans in Sabah. This funding by the Malaysian Palm Oil Green Conservation Foundation (MPOGCF), is to help various non-government organisations and government agencies such as the Sabah Wildlife Department (SWD) get the latest population count of the two animals.
Nusantara could be ‘double-edged sword’ for East Malaysia’s oil palm plantations
KUCHING (Sept 6): Key industry experts say the upcoming development of Indonesia’s planned capital city, Nusantara, in Kalimantan could be a double-edged sword for East Malaysia’s palm oil sector.
USDA: US biodiesel imports exceed biodiesel exports in July
The U.S. exported 97,462.6 metric tons of biodiesel and biodiesel blends of B30 and greater in July, according to data released by the USDA Foreign Agricultural Service on Sept. 6. Biodiesel imports were at 104,711 metric tons for the month.
CPO futures end mostly lower on expectation of higher production
KUALA LUMPUR (Sept 6): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed mostly lower for the third consecutive day on Wednesday, on expectation of higher production in Malaysia, which continues to dominate market sentiment.
El Nino could keep CPO prices elevated at RM3,800-4,200 per tonne, says MIDF
KUALA LUMPUR (Sept 6): El Nino events, which are expected to constrict the supply side, will keep crude palm oil (CPO) prices elevated at RM3,800-4,200 per tonne.
Palm oil closes down on bearish polls on inventories
JAKARTA: Malaysian palm oil futures closed lower for a third consecutive session on Wednesday after expectations of bearish inventory data pulled down prices while weaker rival oils weighed.
Need for better policies to attract palm oil FDIs
05/09/2023 (Daily Express), Kota Kinabalu - The state government needs to be more proactive, especially to introduce policies which are more attractive and competitive to attract Foreign Direct Investment (FDI), if it aspires to develop its palm oil downstream industry, said Datuk Hong Ngit Ming, Executive Chairman of Teck Guan Group (Teck Guan).
