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Palm oil ends at highest since Nov on flooding woes
Heavy rainfall, floods to affect Malaysia’s 2023 CPO production, says researcher
Palm vs Soy Oil Price Disparity Likely to Increase in 2023
Crude palm oil prices dropped pressured by persistent doubts over demand
Palm snaps seven-day decline on exports surge
28/03/2023 (Hellenic Shipping News) - Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange ended up 65 ringgit, or 1.9%, to 3,577 ringgit ($809.46) a tonne.
VEGOILS – Palm Oil gains as exports surge, set to end seven-day loss
27/03/2023 (Nasdaq), Singapore - Malaysian palm oil futures climbed on Monday, lifted by stronger March exports so far, setting the contract on course to snap a seven-day decline.
Former RSPO co-chair Carl Bek-Nielsen appointed chairman of Malaysian Palm Oil Council
27/03/2023 (Eco-Business) - Palm oil industry veteran Carl Bek-Nielsen has been appointed as the new chairman of the Malaysian Palm Oil Council, an organisation tasked with promoting the market expansion of the country’s palm oil and its products.
These ‘supertrees’ grow a climate-friendly alternative to palm oil
27/03/2023 (Fast Company) - On a former sugarcane plantation in Oahu that was abandoned for decades, rows of trees now grow in the degraded soil. The trees—called pongamia—aren’t new to Hawaii. But a company called Terviva is the first to farm them, after discovering a way to process the trees’ beans to make them into food.
Boost in demand for palm oil seen on supply recovery
PETALING JAYA: The demand for palm oil is expected to recover, underpinned by an increasing need within Asia-Pacific, better affordability and improving global biofuel policies.
Asian Crude Palm Oil Watch 1Q23
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of around USD1,175/t in 2022, but a marked improvement from the end-September 2022 level of around USD700/t and the last 10-year average of USD730/t. Prices have been supported by market expectations of significantly higher biodiesel consumption in and lower exports from Indonesia, and the impact of heavy rainfall at the start of 2023 on output.
UMS to study potential of using palm oil waste as building materials
KOTA KINABALU: Universiti Malaysia Sabah (UMS) will conduct research on the use of oil palm waste materials in the construction industry.
Palm extends losses to clock biggest weekly drop in four months
KUALA LUMPUR: Malaysian palm oil futures on Friday extended losses to a seventh session to log their biggest weekly drop in more than four months, tracking weakness in rival edible oils.
CPO futures likely to trade with downward bias this week
BERNAMA – Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week on weak global sentiment, dealers said.
