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AI boom is turning Malaysia’s palm oil estates into data centres
Malaysia lowers December crude palm oil reference price, maintains duty at 10%
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Palm Oil Output Surge In Oct, CPO Price Could Hit RM4500 In Dec: MPOC
Palm oil stockpile up to 1.83 million tonnes in June
Malaysia’s total palm oil stocks increased by 4.35% to 1.83 million tonnes in June 2024 from 1.75 million tonnes in May 2024, according to the Malaysian Palm Oil Board (MPOB).
Malaysian palm oil futures up despite higher inventories
Malaysian palm oil futures settled higher on Thursday even as an industry regulator said inventories in June surged to a four-month high.
India's palm oil imports at six-month peak, sunflower oil hits record high
India's palm oil imports in June rose to reach the highest level in six months on robust demand from refiners for upcoming festivals, while sunflower oil imports surged to a record level, a leading trade body said on Thursday.
Vegetable oil imports up 18% at 1.55 million tonnes in June: SEA data
Import of vegetable oils, comprising edible and non-edible oils, rose 18 per cent in June to 1.55 million tonnes on higher imports of crude palm oil and crude sunflower oil, according to trade data.
Foreign labour boost to help palm oil production this year, next
11/07/2024 (New Straits Times), Kuala Lumpur - The recent increase of foreign labour is anticipated to significantly enhance Malaysia's palm oil production this year and in the future.
Malaysia's palm oil stocks hit 4-month high in June on weak exports
10/07/2024 (The Star), Kuala Lumpur/Mumbai - Malaysia's palm oil stocks surged to a four-month high in June, driven by a steeper decline in exports compared to production, the industry regulator said on Wednesday.
Palm extends losses on rising stocks, soyoil weakness
10/07/2024 (Reuters), Mumbai - Malaysian palm oil futures extended losses on Wednesday as inventories rose to a four-month high in June and due to weakness in soyoil, even though an increase in July exports limited the downside.
Indonesia plans to develop cocoa, coconut sectors using palm oil fund
10/07/2024 (Reuters), Jakarta - Indonesia plans to use funds from its palm oil export levy to finance development of the country's cocoa and coconut sectors, the country's trade minister said on Wednesday.
MPOC sees palm oil exports to EU stabilising over long term despite EU deforestation regulation
10/07/2024 (The Edge Malaysia), Shanghai - The Malaysian Palm Oil Council (MPOC) sees palm oil exports to the European Union (EU) stabilising in the long term and it will remain an important market for Malaysian palm oil despite challenges presented by the EU Deforestation Regulation (EUDR), as it is confident local players exporting to the region are able to meet sustainability criteria under the new rules.
