|
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
Palm oil windfall profit levy likely to raised in Budget 2025 – analyst
03/10/2024 (New Straits Times), Kuala Lumpur - The 2025 Budget may see the inclusion of two key proposals on the plantation sector namely a revision on the windfall profit levy on palm oil and additional allocations for palm oil replanting programme.
CPO futures close mostly lower on profit-taking after rally
03/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly lower on Thursday, driven by profit-taking following a recent price rally.
INDIA TO SPEND US$1.2 BLN OVER SEVEN YEARS TO CUT EDIBLE OIL IMPORTS
04/10/2024 (Bernama), New Delhi - India will spend 101 billion rupees (US$1.2 billion) over the next seven years to reduce its dependence on edible oil imports.
India's September palm oil imports hit six-month low on price rise, dealers say
03/10/2024 (Reuters), Mumbai - India's palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.
Spanish olive oil hit by US ports strike, no alternative routes seen
03/10/2024 (Reuters), Madrid - Olive oil exporters in Spain, the world's biggest producer, have warned there are no viable alternative routes to the lucrative U.S market amid a strike at U.S. East and Gulf Coast ports.
Soybeans Pulling Off Lows at Midday
03/10/2024 (Barchart) - Soybeans are trading with just fractional losses on Thursday’s midday, after double digit losses earlier in the morning. CmdtyView’s national front month Cash Bean price is down 1/2 cent at $9.93 1/2. Soymeal is down $3.80-$4.10/ton across the front months but off the lows. Soy Oil futures are up 108 points in the December contract.
CPO Futures Close Higher Amis Rising Tension in the Middle East
02/10/2024 (Bernama), Kuala Lumpur – Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed higher on Wednesday due to the escalation of tension in the Middle East, said a dealer.
DAABON Launches World’s First Carbon Neutral Palm Oil
02/10/2024 (Responses Source) - DAABON UK, part of the DAABON group, a global leader in sustainable agriculture, has launched the world’s first carbon-neutral organic palm oil.
Biofuel switch for UK fleet cuts dnata’s CO2 emissions by over 2,400 tonnes annually
02/10/2024 (Payload Asia) - dnata, a leading global air and travel services provider, continues to take initiatives to reduce its environmental footprint throughout the world. In the UK, dnata’s Heavy Goods Vehicle (HGV) fleet of 70 trucks at London Heathrow Airport (LHR) has switched to run on Hydrotreated Vegetable Oil (HVO), a fossil-free alternative to regular diesel.
