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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
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm slips over 1% on weaker soyoil, bearish MPOB data
Indonesia’s Palm Oil Market Potential in Africa: Insights from Angola
26/07/2024 (Africa.com) - Angola, located in the western part of Africa, is emerging as a promising market for Indonesian palm oil on the African continent. Several regions in Angola are ready to be developed for palm oil cultivation. This potential was highlighted during a recent visit by the Indonesian Ambassador to Namibia accredited to Angola, Wisnu Edi Pratignyo, on Thursday, July 25 2024.
Southern Acids to spend RM43.8 mil in FY2025 on planting, equipment and plant upgrades
26/07/2024 (The Edge Malaysia), Kuala Lumpur - Oleochemical and palm oil company Southern Acids (M) Bhd (KL:SAB) has allocated RM43.8 million to cover its capital expenditure (capex), including for planting, equipment purchase and plant upgrades.
CPO Futures Set To Trade On Downside Bias Next Week
27/07/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a downside bias next week due to weak demand, which may weigh on prices, said palm oil trader David Ng.
CPO Futures Close Lower, Tracking Weakness in Soybean Oil
25/07/2024 (Bernama) – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the third consecutive day on Thursday, tracking weakness in the Chicago soybean oil market and weaker Dalian palm olein prices.
Palm oil extends falls on higher output estimates, weaker rivals
25/07/2024 (Reuters), Beijing - Malaysian palm oil futures fell for a third session on Thursday, weighed down by weaker competing edible oils and forecasts of higher output as traders shrugged off Indonesia's plan to raise its biodiesel content.
Ministry mulls easing loan process for oil palm smallholders in Budget 2025
25/07/2024 (New Straits Times), Kuala Lumpur - The Ministry of Plantation and Commodities (KPK) will consider simplifying the loan process from banks to oil palm smallholders in the upcoming Budget 2025.
ICE Review: Canola Bumps Up Due to Chicago Beans, Meal
25/07/2024 (Morning Star), Manitoba - Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains.
Fuel Retailers Praise House Bill to Extend Biodiesel Tax Credit
25/07/2024 (Chemanalyst) - NATSO, which represents America’s travel centers and truck stops; SIGMA: America’s Leading Fuel Marketers; and the National Association of Convenience Stores (NACS) have praised a bipartisan group of lawmakers for introducing the “Biodiesel Tax Credit Extension Act of 2024.” This proposed legislation aims to extend the biodiesel blender’s tax credit and is sponsored by Representatives Mike Carey (R-Ohio), Claudia Tenney (R-NY), Ann Kuster (D-NH), and Mariannette Miller-Meeks (R-Iowa).
Only 74pc of oil palm smallholders achieve MSPO certification, says Plantation Ministry
24/07/2024 (Malay Mail), Kuala Lumpur - The Ministry of Plantation and Commodities (KPK) said today the number of private smallholders who achieved Malaysian Sustainable Palm Oil (MSPO) certification was only at 73.88 per cent as of June 30.
