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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Argentina and Brazil’s soybean surge: India eyes increased soybean oil supply amid global shifts
31/12/2023 (The Print), New Delhi - In a pivotal year for Latin American soy production, Argentina and Brazil are set to drive significant growth in soybean crushing volumes in 2024.
Malaysian oil palm industry to stage stronger performance next year
28/12/2023 (New Straits Times) - Our oil palm industry is set to move into 2024 with a better prospect.
Concerns over used cooking oil fuel intensify
28/12/2023 (Farmers Journal) – Europe’s consumption of used cooking oil (UCO) more than doubled between 2015 and 2022, as it’s a key ingredient for biodiesel for cars and trucks.
Sunflower cultivation to help cut Pakistan’s edible oil import bill
28/12/2023 (The Nation) - Pakistan is spending a sizable chunk of its budget on the import of edible oil and the volume is increasing with each passing day due to the growing population. The heavy import budget is putting more strain on the national coffers, reports WealthPK.
CPO futures end lower, tracking soybean oil weakness on CBOT
28/12/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Thursday, tracking the weakness of soybean oil on the Chicago Board of Trade (CBOT), said a dealer.
Economic Importance Of Nigeria’s Palm Oil
27/12/2023 (Voice of Nigeria) - The historical trajectory of Nigeria’s palm oil industry is noteworthy, having once been the world’s leading producer in the early 1960s with 43% global market share. However, a shift occurred around 1966, when Malaysia and Indonesia surpassed Nigeria, relegating it to the 5th position with less than 2% of the total global market production of 74.08 million MT.
Global staple food supplies in 2024 to be strained by dry weather, export curbs
27/12/2023 (The Straits Times), Jakarta - High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well into 2024, amid adverse El Nino weather, export restrictions and higher biofuel mandates.
Mobilising Sarawak’s youth in the palm oil industry
27/12/2023 (The Borneo Post), Kuching - As Malaysia’s palm oil industry looks to press its global advantage, Pertubuhan Transformasi Dayak (Trada) called on the youth of Sarawak to help play a key part in extending Malaysia’s lead in sustainable palm oil.
Indonesia promises to fine palm oil companies operating in forests
27/12/2023 (Climates Change News) - Indonesia said on Friday that it would slap palm oil companies operating within forest areas with fines amounting to a total of 4.8 trillion rupiah ($310.1 million).
