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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
Dramatic fall in palm oil imports into the EU
24/07/2023 (Biofuels International) - EU member states imported significantly less palm oil in the marketing year 2022/23 than the previous year.
Palm oil up over news on Ukraine port attack
24/07/2023 (Business Recorder), Jakarta - Malaysian palm oil futures rose significantly on Monday, with the highest closing price of more than four months, over the news of Ukraine port attacked by Russia.
RHB Research raises CPO price estimates for 2024, 2025 on El Nino effect
24/07/2023 (The Edge Malaysia), Kuala Lumpur - RHB Research has raised its projections for crude palm oil (CPO) prices to RM3,900 per tonne in 2024, and RM3,800 per tonne in 2025, as it believes that the impact of the El Nino weather phenomenon will only be felt next year.
Biodegradable plastics produced from waste vegetable cooking oil, a more sustainable approach
24/07/2023 (News Straits Times), Kuala Lumpur - Waste vegetable cooking oil may soon be used to make cutlery and food packaging.
What keeps cooking oil prices on simmer?
24/07/2023 (Times of India) - In 2021-22, India consumed 25. 8 million tonnes (MT) of vegetable oil, around 6 MT more than what it consumed a decade before.
CPO futures likely to experience cautious trading
24/07/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience cautious trading this week as market participants zero in on the United States Federal Reserve’s interest rate decision on Wednesday, according to an analyst.
Time to adapt regenerative farming system in oil palm
23/07/2023 (The Hindu Business Line) - It can help increase crop yield through high-yielding seedlings, recycling crop residue, re-using mill waste, and reducing cultivation costs
Indonesia’s palm exports at 2.23 mln t in May
22/07/2023 (Hellenic Shipping News) - Indonesia’s palm oil exports, including refined products, stood at 2.23 million tonnes in May, compared with just 763,000 tonnes in the same month last year, data from the Indonesian Palm Oil Association showed on Friday.
VEGOILS-Palm oil ease, but logs fourth weekly rise on supply concerns
21/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ended lower on Friday due to profit-taking, but clocked a fourth weekly rise on robust July exports so far and concerns over Black Sea edible oil supplies.
