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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 flat in rangebound trading, higher July exports underpin sentiment
Malaysian palm oil futures was little changed on Monday after trading in a tight range, with a surge in July exports so far underpinning the market.
VEGOILS-Palm oil extends gains for third session ahead of holiday
KUALA LUMPUR, July 18 (Reuters) - Malaysian palm oil futures firmed on Tuesday for a third consecutive session as traders squared up positions ahead of a public holiday.
Palm oil extends weekly gains on rival oil strength
17/07/2023 (Business Recorder), Singapore - Malaysian palm oil futures ended with a modest recovery on Friday and logged a third consecutive weekly gain as the strength in rival edible oils countered a firmer yen.
India’s June palm oil imports rise
16/07/2023 (Business Recorder), Mumbai - India’s palm oil imports jumped 56% to a three-month high in June, as buyers took advantage of a dip in prices to increase purchases, a leading trade body said on Friday. Imports rose to 683,133 metric tons in June, up from 439,173 metric tons in May as prices fell to their lowest in 28 months, the Mumbai-based Solvent Extractors’ Association of India (SEA) said in a statement.
The UK officially joins CPTPP, marks the first Malaysia-UK FTA
16/07/2023 (The Malaysian Reserve) - The United Kingdom (UK) today officially joined Malaysia and 11 other founding countries in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), marking the first free trade agreement (FTA) between Malaysia and the UK.
‘Importation of ‘banned’ Olien in guise of Palm Oil is economic sabotage’
16/07/2023 (The Guardian, Nigeria) - Stakeholders in the Oil Palm industry have raised concern over the importation of Olien – refined vegetable oil, prohibited by the Federal Government.
CPO futures likely to experience upward trend next week
15/07/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is anticipated to experience an upward trend in the coming week influenced by the prevailing positive sentiment due to the strengthened prices of crude oil and soybean oil.
Palm oil resurges on Indian demand
13/07/2023 (The Star Online), Kuala Lumpur - Palm oil has bounced back to track gains in soybean oil and energy prices, with a recovery in demand from top buyer India further underpinning the tropical oil.
Indonesia plans to set palm oil reference price at $791.02/T for July 16-31 - official
12/07/2023 (Nasdaq), Jakarta - Indonesia is planning to set its crude palm oil (CPO) reference price at $791.02 per metric ton for July 16-31, senior economic ministry official Musdhalifah Machmud said on Wednesday, up from $747.23 per tonne in July 1-15.
