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Palm oil ends at highest since Nov on flooding woes
Heavy rainfall, floods to affect Malaysia’s 2023 CPO production, says researcher
Palm vs Soy Oil Price Disparity Likely to Increase in 2023
Crude palm oil prices dropped pressured by persistent doubts over demand
South American soybean oil prices drop to more than two-year low
FOB soybean oil cash prices in South American markets have broken the $1,000/mt mark and plunged to a more than two-year low amid falling Chicago Board of Trade futures, thin demand and weakening port differentials.
Malaysian associations strongly urge review of EUDR implementation, recognition of oil palm smallholders
23/03/2023 (The Edge Markets), Kuala Lumpur - The European Union (EU) has apparently failed to understand the processes involved in the Malaysian palm oil supply chain and it has refused to recognise the existence of smallholders in the entire supply chain, said Sarawak Dayak Oil Palm Planters Association (Doppa).
Bek-Nielsen is new Malaysian Palm Oil Council chairman effective May 1
23/03/2023 (Malay Mail), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) today announced vice chairman and CEO of United Plantations Berhad Datuk Carl Bek-Nielsen as its new chairman effective May 1.
Asian Crude Palm Oil Watch 1Q23
24/03/2023 (Hellenic Shipping News) - 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.
Malaysia keeps April crude palm oil export duty at 8%
23/03/2023 (Zawya) - Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.
Africa’s palm oil sector to see prices falling in 2023 as output rises
23/03/2023 (North Africa Post) - Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa.
Palm slips to more than six months closing low on weaker rival oils
24/03/2023 (Hellenic Shipping News) - Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in rival edible oils, while caution as investors gauged the U.S. Federal Reserve’s comments also weighed on sentiment.
Small farmers petition EU for changes to deforestation rule
Petaling Jaya - Representatives of the country’s major small farmer organisations travelled to Brussels to personally present a petition to the European Commission demanding changes to the European Union’s Deforestation Regulation (EUDR).
MPOC to support efforts of smallholders
Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) will continue to demand changes to the European Union Deforestation Regulation (EUDR).
