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CPO price forecast to climb for rest of the year
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Malaysian palm oil extends losses amid China tariff fears, weak demand
Palm oil industry face 3-5 years production halt due to replanting curbs
27/03/2023 (The Malaysian Reserve) - PALM oil expansion looks less promising in the long run as stricter regulations are slowing down growth of new oil palm cultivation thus, lowering yield of fresh fruit bunches (FFB) and pushing up costs.
Time for tripartite retaliation against EU on palm oil
27/03/2023 (The Malaysian Reserve) - DISCRIMINATION against palm oil has been ongoing for decades, facing Western scrutiny since the 1990s. Allegations upon allegations were thrown against oil palm estates and edible oil, each more daunting than before. Cancer triggers, killing orangutans, deforestation and forced labour are among the accusations made against producing countries.
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.
