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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
CPO Futures Rally On Expectations Of Weaker Output, Lower Stockpiles
24/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,600 per tonne for the January 2025 benchmark contract, boosted by positive sentiment amid expectations of weaker output and lower stock levels, said a trader.
Palm surges for fourth day on lower stockpiles, possible production drop
24/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.
GAPKI confident EU deforestation law has minimum impact on exports
24/10/2024 (Indonesia Business Post) - The Indonesian Palm Oil Association (GAPKI) remains optimistic that the European Union Deforestation Regulation (EUDR) will not significantly impact Indonesia’s palm oil exports to Europe.
Higher biodiesel mandates in Indonesia set to curb palm oil supplies
24/10/2024 (Oils & Fats International) - The introduction of higher biodiesel blending mandates by Indonesia is likely to tighten palm oil, according to a leading analyst quoted in a Reuters report.
MPOB, Soppoa strengthen ties through webinar on bagworm management for oil palm sustainability
25/10/2024 (The Borneo Post), Kuching - The Malaysian Palm Oil Board (MPOB) and Sarawak Oil Palm Plantation Owners Association (Soppoa) further strengthened their collaboration this year through a webinar focused on bagworm management.
India's Patanjali Foods posts second-quarter profit rise on strong cooking oil demand
Oct 24 (Reuters) - Indian consumer goods maker Patanjali Foods (PAFO.NS) reported a 21% rise in second-quarter profit on Thursday, aided by strong demand at its mainstay cooking oils business.
CPO Futures Hit Two-year High On Weak Production, Lower Stocks
23/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to a two-year high, driven by expectations of weak production and lower stock levels in both Malaysia and Indonesia, a trader said.
Rising demand for CPO
24/10/2024 (The Star), Petaling Jaya - Buyers of crude palm oil (CPO) are stocking up ahead of the higher export duties both in Malaysia and Indonesia, where over 80% of the world’s CPO is produced.
Palm oil reaches highest since 2022, adding to food price risks
23/10/2024 (Bloomberg), Palm oil — the world’s most widely used vegetable oil — rallied to the highest level in more than two years as supply woes persist, rekindling concerns about rising consumer food costs.
