|
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
Malaysia’s palm oil industry to focus on replanting and sustainability
21/10/2024 (Oils & Fats International) - The palm oil sector in Malaysia is set to focus on challenges including ageing oil palm trees and stagnant yields while increasing its commitment to global sustainability standards, according to industry leaders quoted in a report by The Malaysian Reserve.
CPO FUTURES CLOSE HIGHER ON STRONGER EXPORT PACE, EXPECTATION OF WEAKER OUTPUT
21/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday due to a stronger export pace and the expectation of weaker output in the coming weeks, said a dealer.
Palm up on positive export estimates, expectations of weak output
21/10/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures closed up on Monday, rebounding after two sessions of losses, supported by higher export estimates and anticipated seasonal palm production declines.
ICE canola rises for fourth session, following vegoil strength
21/10/2024 (Reuters), WINNIPEG, Manitoba - ICE canola futures closed higher Monday for a fourth straight session on spillover strength from global vegetable oil markets and signs of export demand, traders said.
Low water levels in Paraná River drive up soyabean oil and biodiesel prices in Brazil
21/10/2024 (Oils & Fats International) - Declining water levels in the upstream sector of the Paraná River, in Argentina, due to the dry season, have disrupted water transportation and led to increased prices for soyabean oil and biodiesel in Brazil, Palm Oil magazine wrote.
Budget 2025 adjustments in export tax seen helping palm oil refining industry be more competitive
20/10/2024 (The Malaysian Reserve) - THE adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with Indonesia, according to Glenauk Economics.
Upwards adjustment to palm oil windfall profit levy threshold not sufficient, says MPOA
19/10/2024 (The Edge Malaysia), Kuala Lumpur - The upward adjustment to the windfall profit levy (WPL) threshold for crude palm oil (CPO) announced in Budget 2025 “does not address the financial burdens” posed by the mechanism, the Malaysian Palm Oil Association (MPOA) said.
Palm oil co-operative management company charged with failing to deposit over RM9mil
19/10/2024 (The Star), Kuala Lumpur - A management company overseeing a palm oil co-operative scheme was charged in the Sessions Court last Tuesday (Oct 15) with failing to deposit RM9,647,971.71 into the group's reserve fund trust account last year.
CPO up 3.1pct to RM4,005 in first 8 months of 2024 – MPOB
20/10/2024 (New Straits Times), Kuala Lumpur - Malaysia's palm oil industry chalked up a mixed performance in the first eight months of the year, marked by higher prices and output plus a notable yield improvement.
