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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
Palm oil closes at highest level in over a year
13/03/2024 (XM), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday to their highest closing in over a year, as strengthin rival edible oilsand firmer crude oil prices underpinned the market.
PALM OIL DESERVE FAIR TREATMENT, ANWAR TELLS GERMANY
13/03/2024 (Bernama), Berlin – Malaysia, the world’s second-biggest palm oil producer, has urged Germany to adapt a more inclusive and fair approach regarding palm oil exports to Europe.
India's Feb palm oil imports plunge to 9-month low as sunoil jumps
13/03/2024 (XM) - India's palm oil imports plunged to their lowest level in nine months in February, as higher prices prompted buyers to reduce purchases of the tropical oil in favour of rival sunflower oil, a leading trade body said on Wednesday.
Using tech for better results
13/03/2024 (New Straits Times) - SIME Darby Plantation Bhd (SD Plantation) plans to widen the use of technology in its operations on the ground to attract more Malaysians to work in oil palm plantations and change their perception of what is often regarded as 3D (dangerous, difficult, and dirty) jobs in the sector.
Tanjung Rambutan shop in hot water for hoarding cooking oil
13/03/2024 (The Star Online), Ipoh - A shop in Tanjung Rambutan here has landed in hot water after refusing to sell bagged cooking oil to the public.
Kelantan Customs stop smuggling of Malaysian cooking oil bound for Thailand
13/03/2024 (New Straits Times), Kota Baru - A smuggling attempt involving 10,175kg of 1kg Malaysian-subsidised cooking oil packed in polybags, destined for Thailand, was thwarted yesterday, leading to the arrest of a lorry driver and his attendant, both in their 30s.
Edible oil imports falls 21% since November
14/03/2024 (Financial Express) - The imports of edible oils – palm, soybean and sunflower — in the first four months of the 2023-24 oil year (November-October) declined by 21% to 4.61 million tonne (MT) compared to same period last oil year. The high base of last year and an incipient spurt in global prices of the oils are the reason for the drop in imports on annual basis.
Vegetable oil imports dwindle 13% in Feb to 975,000 tonnes, says SEA
13/03/2024 (Business Standard) - India's vegetable oils import fell 13 per cent year-on-year in February to nearly 9.75 lakh tonne, according to industry data.
Palm oil harvest may pick up in March
13/03/2024 (The Star Online), Petaling Jaya - The weak palm oil harvest for February is neutral for the market given it was seasonally a low production season.
