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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
‘Stress test’: Olive oil producers adapt to climate change as production falls and prices soar
01/07/2024 (Malay Mail), Madrid - Olive oil producers are improving irrigation and seeking new varieties of olives to safeguard production as climate change upends harvests, causing prices of the staple of the Mediterranean diet to soar.
CPO Reference Gets Escalated: OF and Levy Would be US$ 118 per Ton in July 2024
01/07/2024 (InfoSAWIT), Jakarta - Reference price of crude palm oil oil ( CPO) to decide out fee (OF) and tariff on Palm Oil Oil Plantation Fund Management Agency (PFMA) or known as levy in July 2024 would be US$ 800,75/metric ton (MT). The numbers got escalated US$ 21,93 or 2,82 percent from June 2024 that were US$ 778,82/MT.
Malaysia and China’s 50-year palm oil partnership: From inception to global impact
30/06/2024 (Malay Mail), Putrajaya - As 2024 marks five decades of diplomatic relations between Putrajaya and Beijing, it’s noteworthy that Malaysia holds the distinction of being China’s inaugural palm oil exporter, a milestone achieved in the mid-1980s.
Sabah to produce tocotrienols from palm oil by-product
30/06/2024 (The Borneo Post), Kota Kinabalu - Malaysia’s first facility utilizing refined palm oil by-products to produce tocotrienols is under construction in Kunak.
Soaring olive oil prices hurt sales of ‘liquid gold’ in Mediterranean heartland
28/06/2024 (Financial Times) - Sales of olive oil have plunged in its Mediterranean heartland as Spaniards and Italians shunned their most beloved culinary ingredient following steep price rises.
Biodiesel threatens Brazilian soybean oil exports
28/06/2024 (Energy News) - Brazil, the world’s second largest soybean oil exporter, could see its exports come to a halt in the next few years due to growing domestic demand for biodiesel. Biodiesel blending mandates are reaching record levels, increasing domestic consumption of soybean oil, the main ingredient in this biofuel. Biodiesel is developing rapidly in Brazil, and the country imports foreign biodiesel alongside its own production.
CPO futures end higher on worries over weaker palm oil production
27/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday on concerns over weaker-than-expected palm oil production going forward, said a trader.
With EUDR Deadline Looming, Is Malaysia’s Palm Oil Industry Ready?
27/06/2024 (Business Today) - The MPOC collaborated with the European Forest Institute (EFI) and key stakeholders to discuss preparations, challenges, and solutions for EU operators and Malaysian exporters to comply with the EU Deforestation Regulation (EUDR). With the compliance deadline of December 30, 2024, approaching, EU operators and traders must ensure that products entering the EU are deforestation-free and produced according to relevant local laws.
MPOB to launch innovative services at July 4 tech transfer
27/06/2024 (Selangor Journal), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will launch innovative technologies and services in conjunction with the Transfer of Technology (TOT) MPOB on July 4.
