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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
VEGOILS-Palm settles higher on stronger rival oils, low trading caps gains
27/12/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a second session on Wednesday, with strength in rival edible oils underpinning the market, although low trading volumes capped the gains.
Developing cooking oil industry
28/12/2023 (Financial Express) - At a time when soybean oil is gaining popularity over palm oil, investment in crushing soy seeds for producing finished cooking oil in local refineries makes business sense. No wonder, companies which were used to refining imported crude oil see the opportunity of crushing soybean for supplying semi-raw materials to their existing refineries by setting up grinding mills of larger capacities. In fact, the City Group made its tentative entry into the crushing business as early as 2005 by installing a mill with a capacity of 1,000 tonnes per day (TPD). Currently, its three mills have a total capacity of 7,800 TPD. Meghna follows close behind with a capacity of 7,000 TPD. What is remarkable is that both refinery giants now get 30-40 per cent supply of their total crude oil from their own crushing plants. It is good to know that more companies are following in their footsteps.
Consumers find relief from boiling oil prices in 2023 even after CPI rises
27/12/2023 (Business Standard) - As global prices of edible oil saw a steep correction in 2023 providing relief to consumers, prices were on the boil last year being one of the main drivers of food inflation.
Palm oil prices seen rebounding in 2024
In Malaysia, Platts reports that palm oil prices are expected to recover next year thanks to increased demand following increases in biodiesel blending worldwide, while palm oil production is likely to remain stagnant in Indonesia and Malaysia.
Malaysian palm oil futures up
KUALA LUMPUR: Malaysian palm oil futures ticked up on Tuesday as trading resumed after a long holiday weekend, with stronger rival Dalian vegetable oils underpinning the market, although low volumes of trade limited gains.
Latin American soy crush to rise in 2024 on crop recovery, higher biodiesel mandate
Latin American soybean crushing volumes are likely to increase consistently in 2024 on the back of a recovery in Argentina's crop output and a higher biodiesel mandate set for Brazil.
Malaysia's Dec 1-26 palm oil exports at 1,038,834 tons - SGS
KUALA LUMPUR, Dec 27 (Reuters) -Cargo surveyor Societe Generale de Surveillance (SGS) estimates exports of Malaysian palm oil products for December 1-26 at 1,038,834 metric tons, according to LSEG.
Brazil and Argentina impacting global grain markets
Global grain markets faced pressure last week due to limited export news following a surge in US wheat sales the previous week and forecasted rains in Brazil.
Indonesia to fine palm oil companies RM1.45bil for operating in forests
JAKARTA (Reuters): 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 (US$310.1 million RM1,45 billion).
