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CPO Futures Snap Two-Day Gains To Close Lower
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 consumption forecast to increase
EIA: US Biofuel Capacity Remains Steady In January
02/04/2024 (Biodiesel Magazine) - U.S. biofuels operable production capacity was unchanged in January, according to data released by the U.S. Energy Information Administration on March 29. Total feedstock consumption was down when compared to the previous month.
MKH Oil Palm's IPO to raise over RM136mil
29/03/2024 (New Straits Times), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd (MKHOP) aims to generate RM136.4 million from its initial public offering (IPO).
Malaysian palm oil futures rise following gains in rival soyoil
29/03/2024 (New Straits Times), New Delhi - Malaysian palm oil futures rose on Friday, mirroring gains in rival soyoil, to reverse losses in the previous two sessions.
Ensuring palm oil safe as food ingredient
31/03/2024 (Daily Express) - Strategies for ensuring food safety of palm oil should be intrinsically linked to sustainability. One of the most significant issues facing the palm oil industry is the environmental impact of large-scale production.
Okomu Oil Palm reports 44% profit growth in 2023
31/03/2024 (Nairametrics) - Okomu Oil Palm Company Plc has reported a pre-tax profit of N33.84 billion in FY 2023, representing a 44% growth from N23.52 billion in FY 2022.
Rimbunan Sawit to beef up crop production and yield
01/04/2024 (The Star), Kuching - Rimbunan Sawit Bhd will undertake a series of short-to-medium term measures to beef up crop production and yield of its loss-making oil palm plantations.
Palm oil smallholder cluster model to increase output
28/03/2024 (Free Malaysia Today), Petaling Jaya - The implementation of the palm oil smallholder cluster model can contribute an additional 9 million tonnes of fresh fruit bunches (FFB) producing roughly 1.8 million tonnes of crude palm oil if all the 1.5 million hectares of land that belong to smallholders can be consolidated into clusters of 10,000 hectares, said plantation and commodities minister Johari Ghani.
Malaysia to monitor EU’s palm oil biofuel curbs
29/03/2024 (Reuters), Kuala Lumpur - Malaysia says it will closely monitor how the European Union responds to a World Trade Organization ruling that supported the bloc’s stance that biofuel causing deforestation cannot be regarded as renewables but sought changes in how it implemented that decision.
Fitch: Higher global vegetable oil supply to drag CPO prices lower in Q2
27/03/2024 (Malay Mail), Kuala Lumpur - Fitch Ratings foresees that Malaysia’s benchmark crude palm oil (CPO) prices will weaken from the second quarter of 2024 (2Q 2024) due to a higher supply of vegetable oil globally.
