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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
MPOB, Soppoa strengthen ties through webinar on bagworm management for oil palm sustainability
25/10/2024 (The Borneo Post), Kuching - The Malaysian Palm Oil Board (MPOB) and Sarawak Oil Palm Plantation Owners Association (Soppoa) further strengthened their collaboration this year through a webinar focused on bagworm management.
India's Patanjali Foods posts second-quarter profit rise on strong cooking oil demand
Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods (PAFO.NS) reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.
CPO Futures Hit Two-year High On Weak Production, Lower Stocks
23/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to a two-year high, driven by expectations of weak production and lower stock levels in both Malaysia and Indonesia, a trader said.
Rising demand for CPO
24/10/2024 (The Star), Petaling Jaya - Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.
Palm oil reaches highest since 2022, adding to food price risks
23/10/2024 (Bloomberg), Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.
Palm hits highest level in over two years due to weak output, policy moves by top producers
23/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures rose to their highest levels in more than two years on Wednesday, supported by anticipated production declines and policy moves from two top producers.
MPOC expects EU's Parliament to give nod to delay implementation of deforestation regulation
23/10/2024 (Bernama), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) expects the European Parliament to approve a proposal to delay implementing the European Union Deforestation Regulation (EUDR).
Need 20 mln kiloliters of CPO per year for B50, says govt
23/10/2024 (ANTARA), Jakarta - The Ministry of Agriculture has said that Indonesia needs to secure 20 million kiloliters of crude palm oil (CPO) production per year to implement the 50 percent biodiesel mix or B50 program.
GAPKI: B50 Biodiesel Blend Implementation Will Affect CPO Exports
23/10/2024 (TEMPO.CO), Jakarta - Eddy Martono, chair of the Indonesian Palm Oil Producers Association (GAPKI), said the introduction of the B50 biodiesel blend will reduce the amount of crude palm oil (CPO) exported. This, he said, could lead to a decline in the country's foreign exchange earnings.
