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CPO Futures End Higher On Firmer Oil Prices, Rival Vegetable Oil Futures
CPO prices to hold around RM4,400 per tonne in June 2026 - MPOC
SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Palm oil outlook firm on supply tightening
No changes expected for CPO price forecasts
03/07/2024 (The Star), Petaling Jaya - TA Research is maintaining a “neutral” call on the plantation sector with no changes to its crude palm oil (CPO) price assumptions of RM4,000 per tonne for 2024 and RM3,800 per tonne for 2025.
Johari suggests reinvesting windfall tax in oil palm replanting
02/07/2024 (Free Malaysia Today), Kuala Lumpur - Plantation and commodities minister Johari Ghani has proposed that the windfall tax derived from the country’s palm oil industry be channelled back to oil palm growers for replanting.
Palm ends higher on rival oils strength, production worries
02/07/2024 (Reuters), Jakarta - Malaysian palm oil futures closed higher, extended gains to a fifth consecutive session on Tuesday, underpinned by concerns about weak production and tracking a rise in rival oils.
India's June palm oil imports rise to six-month high on lower prices
02/07/2024 (The Edge Malaysia), Kuala Lumpur - India's palm oil imports rose by 3% in June from the previous month to reach the highest level in six months on robust demand from refiners for upcoming festivals and as the oil traded at a discount to rival oils, five dealers told Reuters.
Johor Plantations' Q1 2024 net profit more than doubles from higher revenue
02/07/2024 (New Straits Times), Kuala Lumpur - Johor Plantations Group Bhd (JPG) saw a substantial rise in its net profit, surging by 111.5 per cent to RM49.5 million in the first quarter ending March 31, 2024 (1Q24), compared to RM23.4 million in the same period a year ago.
Palm tracks rival edible oils higher
01/07/2024 (Reuters), Jakarta - Malaysian palm oil futures extended gains for the fourth straight session on Monday, underpinned by worries over subdued production and tracking rival edible oils higher.
Farm robots help plug worker shortage in Malaysian palm oil
01/07/2024 (Bloomberg) - A drone buzzes between trees on a humid Malaysian morning, monitoring the oil palm fruits as they ripen. Self-driving trucks rumble over the vast plantation’s uneven ground, laying fertilizer and picking up the densely packed harvested bunches.
Black Sea sunflower oil prices decline as veg oil complex applies pressure
01/07/2024 (Fastmarkets) - This came with an ample supply of soybean oil, a relatively significant price differential between soybean oil and sunflower oil, and falling prices for other vegetable oils, combining to put pressure to the entire complex and encouraging buyers to turn to alternatives.
Soybeans Gain Strength Throughout Monday
01/07/2024 (Barchart) - Soybeans found some assistance from bean oil on Monday, as futures were up 7 to 12 ½ cents across most contracts. Soymeal were up $3 to $5.20/ton in the nearbys, but down 90 cents to $3.10 across the other contracts. Soy Oil futures were up 168 to 206 points on some help from crude oil.
