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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm slips over 1% on weaker soyoil, bearish MPOB data
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Upward Momentum In CPO Prices Drives Sarawak Oil Valuation Forward
12/11/2024 (Business Today) - Sarawak Oil Palms Bhd (SOP) is poised to continue benefitting from rising crude palm oil (CPO) prices, which recently surged past RM5,000 per tonne.
CPO price forecast to climb for rest of the year
13/11/2024 (The Star), Petaling Jaya - Analysts are mostly revising upwards their crude palm oil (CPO) price forecasts for the remainder of 2024 and first quarter of 2025 (1Q25) following growing concerns over declining production and supply tightness.
RSPO Roundtable Conference Call for Bold, Innovative Approaches to Revitalize Sustainable Palm Oil
12/11/2024 (Chemanalyst) - Building on two decades of progress, the Roundtable on Sustainable Palm Oil (RSPO) has called for more focused efforts to scale innovation and drive transformative changes in the palm oil sector. The RSPO’s Annual Roundtable Conference (RT2024), supported by Thailand's Ministry of Agriculture and Cooperatives, was held in Bangkok from November 11-13, as preparations for the RSPO 2024 Standards were underway. These revised Standards include the 2024 RSPO Principles & Criteria (P&C) and the 2024 RSPO Independent Smallholder (ISH) Standard. They aim to provide clearer, more auditable guidelines while focusing on critical issues such as deforestation, human rights due diligence, and smallholder inclusion in global supply chains.
Fuji Oil Asia to build speciality oils and fats refinery in Malaysia
12/11/2024 (Oils & Fats International) - Japanese oils and fats company Fuji Oil Asia has signed an agreement with palm oil producer Johor Plantations Group (JPG) to build a speciality oils and fats refinery in Malaysia, The Star wrote.
Goodfuels successfully delivers sustainable B30
12/11/2024 (Biofuels International) - Norwegian Cruise Line’s Norwegian Dawn has received a GoodFuels B30 sustainable biofuel blend while docked at the Ijmuiden Cruise Terminal in the Netherlands.
Malaysia’s end-October 2024 palm oil stocks snap rising streak, first decline since July
11/11/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s palm oil stocks at the end of October this year fell 6.32% from the previous month to 1.88 million metric tonnes, the first decline in inventory in three months, data from the industry regulator showed on Monday.
BMI raises 3-month CPO price forecasts for 2024, 2025 amid tighter supplies
11/11/2024 (New Straits Times), Kuala Lumpur - BMI Research has raised the Bursa Malaysia-listed three-month crude palm oil futures contracts in 2024 and 2025 by at least five per cent on tighter supplies.
Malaysian Palm Oil Board targets 90% of smallholders to achieve MSPO certification by end of next year
11/11/2024 (Oils & Fats International) - The Malaysian Palm Oil Board (MPOB) has set a target of more than 90% of independent smallholders (ISH) to achieve Malaysian Sustainable Palm Oil (MSPO) certification by the end of next year, The Star reported.
Supply issues drive up cooking oil prices for supermarkets
11/11/2024 (1news) - The Foodstuffs-commissioned data analysis suggests supplier costs to its supermarkets have reached their lowest point in years, rising an average of 2% in October compared to the same time last year.
