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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
TVET Grads Will Expedite Automation of Palm Oil Sector, Says Expert
16/2/2024 (Free Malaysia Today), Petaling Jaya - An industry expert has lauded a proposal by the plantation and commodities ministry to include palm oil harvesting in technical and vocational education training (TVET) programmes currently on offer.
Palm Oil Council Expects CPO Prices to Remain Resilient This Month
15/2/2024 (The Sun), Kuala Lumpur - Palm oil prices are expected to remain resilient, trading above RM3,700 in February with resistance at RM3,950 amid the weak global demand for vegetable oil.
New Research Could Make Turning Waste Cooking Oil Into Biofuel Easier And Quicker
16/2/2024 (Biodiesel Magazine), Researchers at De Montfort University Leicester (DMU) have pioneered a new manufacturing process which could make the creation of biofuel from waste cooking oil faster and more efficient.
FMCG stock in focus after company to collaborate with Andhra Pradesh Govt to produce palm oil
15/2/2024 (Trade Brains), FMCG Stock engaged in the manufacturing and supplying of consumer goods in focus, on plans to collaborate with the government of Andhra Pradesh for the production of palm oil in the state.
VEGOILS-Palm Oil Drops on Weak Soyoil, Falling Exports
15/2/2024 (Reuters), Malaysian palm oil futures dropped on Thursday, weighed down by weakness in rival Chicago soyoil, falling exports and a correction in crude oil prices.
Analysts Neutral on Plantation Sector with Crude Palm Oil Seen Averaging RM3,800 Per Tonne
14/2/2024 (Malay Mail), Kuala Lumpur - Kenanga Research has forecast the price of crude palm oil (CPO) to trade range-bound and average around RM3,800 per tonne in a tight outlook for edible oils in 2024.
Global vegetable oil prices stabilise
14/2/2024 (Biofuels International), The FAO vegetable oil price index averaged 122.5 points in January, which was marginally up on the previous month, but still 12.8% below the January 2023 level.
Palm oil stockpile expected to dip further in February to below 2mil tonnes
14/2/2024 (New Straits Times), Kuala Lumpur - Palm oil stockpile is expected to dip below two million tonnes in February as palm oil production is likely to decline further following a downtrend for the third consecutive month in January.
Indonesia Sees Return of Palm Oil Deforestation After Decade-Long Decline
13/2/2024 (Chem Analyst.News), Deforestation for oil palm plantations has seen a resurgence in Indonesia, the world's largest palm oil producer, marking the second consecutive year of increased forest loss and reversing a decade-long trend of decline. Notably, approximately one-third of the deforestation recorded in 2023 took place on carbon-rich peatlands, amplifying concerns over potential greenhouse gas emissions as these areas are cleared and drained to make way for plantation expansion.
