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MARKET DEVELOPMENT
07-03-2024

Mielke sees Malaysian palm oil price at RM3,800-4,300 in next 3 mths

06/03/2024 (The Star Online), Kuala Lumpur - Malaysian palm oil price is seen trading in the range of 3,800 to 4,300 ringgit in the next three months as supplies tighten, leading industry analyst Thomas Mielke said on Wednesday.

MARKET DEVELOPMENT
07-03-2024

High palm oil prices not sustainable; drop forecast in 2H2024 — Palm Oil Analytics

06/03/2024 (The Edge Malaysia), Kuala Lumpur - Fastmarkets Palm Oil Analytics managing editor Dr Sathia Varqa said the current high cost of crude palm oil (CPO) isn't sustainable and anticipates a price drop to between RM3,500 and RM3,700 in the second half of 2024.

MARKET DEVELOPMENT
07-03-2024

CPO price forecast to hit RM4,000 this year

07/03/2024 (The Star Online), Petaling Jaya - The price of crude palm oil (CPO) is expected to average RM4,000 per tonne this year, before easing to RM3,800 per tonne in 2025.

MARKET DEVELOPMENT
07-03-2024

Malaysia to monitor changes in EU curbs on palm biofuel after WTO ruling

06/03/2024 (Channel News Asia), Kuala Lumpur - Malaysia said on Wednesday (Mar 6) it will closely monitor how the EU responds to a WTO ruling that supported the bloc's stance that palm oil-based biodiesel should not count as a renewable biofuel, but sought changes in how it implemented that decision.

MARKET DEVELOPMENT
07-03-2024

WTO rejects Malaysia’s complaint against EU in palm oil dispute

06/03/2024 (Free Malaysia Today), Geneva - A complaint by Malaysia against the European Union over the bloc’s rules on the use of palm oil-based biofuels has largely failed at the World Trade Organization (WTO), dpa news reports.

MARKET DEVELOPMENT
07-03-2024

NST Leader: Of WTO and palm oil

07/04/2024 (New Straits Times) - The World Trade Organisation's (WTO) rulings are usually clear, but its decision on Tuesday following Malaysia's request to rule on the European Union's (EU) discriminatory regulations against the country's palm oil is an exception.

MARKET DEVELOPMENT
07-03-2024

WRAPUP 1-Shrinking global palm oil supplies, strong biodiesel demand to boost prices

06/03/2024 (Channel News Asia), Kuala Lumpur - Stagnating global palm oil production and higher biodiesel mandates are likely to curb supplies of the world's most used vegetable oil this year, setting the stage for further gains in prices, which are trading at their highest in seven months.

MARKET DEVELOPMENT
07-03-2024

Indonesia's GAPKI sees lower 2024 palm oil exports, possible B40 mandate

06/03/2024 (The Star Online), Kuala Lumpur - Indonesia's 2024 palm oil exports are seen at 29.50 million metric tonnes, down from 30.25 million tonnes last year, the Indonesia Palm Oil Association (GAPKI) said at an industry conference on Wednesday (March 6).

MARKET DEVELOPMENT
07-03-2024

Malaysia, Indonesia need to back one another as palm oil may become scarce: Industry specialists

06/03/2024 (New Straits Times), Kuala Lumpur - The palm oil-producing nations, Malaysia and Indonesia, must come together to support each other as palm oil may become scarce in the future, industry specialists said.

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