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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
Lower palm oil inventory in coming months to support high CPO prices — analysts
12/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation analysts expect a further decline in palm oil inventory in the coming months — after hitting a seven-month low in February — which will support the high average selling price of crude palm oil (CPO) in the face of tight supply, driven by reduced buying activities post-Chinese New Year and Ramadan.
Palm Oil Output Surges 2% Higher Than Last Year's Figures
12/03/2024 (Chem Analyst News) - The most recent report issued by the US Department of Agriculture (USDA) presents projections indicating a notable uptick in global palm oil production for the 2023/24 period, expected to reach an unprecedented 79.5 million tonnes. This forecast signifies a modest increase of nearly 2% in comparison to the preceding year.
Palm oil stocks at lowest level in seven months
12/03/2024 (The Star), Kuala Lumpur - Malaysia’s palm oil stocks at the end of February dwindled to their lowest levels in seven months as production hit a 10-month low, offsetting the slowdown in exports, says the industry regulator.
Higher export revenue from oil palm sector this year
11/03/2024 (Business Times), Our palm oil is poised to remain a key contributor to the nation's economy this year.
Palm oil production up 2% on previous year
11/03/2024 (Biofuels International), According to the US Department of Agriculture (USDA), global palm oil production in 2023/24 is set to rise to a record high of 79.5 million tonnes, exceeding the previous year's level by just under 2%.
Two companies in talks about producing hydro-treated vegetable oil as renewable fuel in Derry
11/03/2024 (Derry Journal), David Blevings, the Ireland manager of the trade association for liquid fuel heating equipment manufacturers, told the Northern Ireland Affairs Committee of the interest as he briefed them on biofuels.
Cooking up opportunities: Used cooking oil can be a ‘sizzling success’ for Indonesia
11/03/2024 (Asia News Network), Jakarta – In the bustling kitchens of Indonesia, stretching from the sprawling metropolis of Jakarta to the tranquil coasts of Bali, a remarkable untapped resource is being generated – used cooking oil (UCO).
CPO futures likely to trade with downside bias next week amid profit-taking
11/03/2024 (Business Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week amid profit-taking activities after the recent price rally, dealers said.
Action will be taken against companies that discriminate against M'sian palm oil, says Johari
10/03/2024 (The Star Online), Kuala Lumpur - The Plantation and Commodities Ministry will work with the Domestic Trade and Consumer Affairs Ministry to take action against product-importing companies that discriminate against palm oil in the country.
