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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
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Soybeans Slipping as Bean Oil Falls
01/08/2024 (Bar Chart) - Soybeans are feeling some pressure this morning as front months are down 4 to 6 cents at midday. September Soymeal futures are up $1.90/ton so far on the session. Soy Oil futures were are facing weakness, with September down 90 points.
Palm oil drops on strong ringgit, posts second monthly fall
31/07/2024 (Reuters), Jakarta - Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price
CPO futures end lower due to concern over rising output
31/07/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower due to concern over rising output in the coming weeks, a dealer said.
Conduct Study On Multiple Saf Technology Pathways To Boost production - Experts
31/07/2024 (Bernama), Kuala Lumpur - Malaysia should conduct a comprehensive economic study on sustainability criteria, commercial availability, and technology readiness of multiple potential technology pathways to boost the production of sustainable aviation fuel (SAF), said experts.
Edible palm oil to witness 10% revenue growth this fiscal, says CRISIL
31/07/2024 (Financial Express) - The revenue of domestic edible palm oil refiners is predicted to increase by around 10 per cent this fiscal year due to consistent demand and greater realisations, as per a report by CRISIL. It further highlights that the operating profitability is expected to increase by 40-50 basis points (bps) to around 3.5 per cent due to favourable prices and continued duty-free imports.
Corn ends day down 5¢ | Wednesday, July 31, 2024
31/07/2024 (Successful Farming) - Soybeans close in the green while wheat is mixed.
China urged to introduce mandatory standards for edible oil transport
31/07/2024 (Oils & Fats International) - China should introduce mandatory standards for edible oil transport to reduce rising food safety concerns among consumers, according to experts quoted in a China Daily report.
Palm rises, supported by stronger rival oils
30/07/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Tuesday, supported by a stronger palm oil contract on the Dalian Commodity Exchange, and the Chicago soyoil.
Indonesia’s tight supply of CPO benefits Malaysia, say industry experts
30/07/2024 (The Edge Malaysia), Kuala Lumpur - Indonesia’s palm oil supply is expected to remain tight and that may augur well for Malaysia, say industry experts.
