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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
Analysts foresee better crude palm oil prices in 2024
Analysts have foreseen better crude palm oil (CPO) prices in 2024, as El Nino weather is expected to affect palm oil supply.
Malaysian palm oil futures easier
SINGAPORE: Malaysian palm oil futures declined on Tuesday to a more than two-week low, weighed down by lacklustre export data and demand, as well as weakness in soybean prices on the back of ample supply. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange fell 60 ringgit, or 1.6%, to 3,661 ringgit ($796.04) a metric ton by the midday break. Earlier in the day, it hit the lowest level since Dec. 7, 2023.
India's December palm oil imports hit four-month high as sunoil doubles — dealers
MUMBAI (Jan 3): India's palm oil imports rose in December to their highest in four months, as purchases of refined palm olein surged because of competitive prices, five dealers told Reuters on Wednesday.
VEGOILS-Palm extends losses on soft demand, rival oil weakness
Malaysian palm oil futures fell for a fourth consecutive session on Wednesday to hit a two-month low, weighed down by soft demand and weakness in soybean prices.
Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate
01/01/2024 (The Star Online), Jakarta - Indonesia has lowered its crude palm oil (CPO) reference price for the Jan 1-15 period to $746.69 a metric ton from $767.51 per ton, a trade ministry official said on Friday.
Sabah eyes 4pc growth this year
01/01/2024 (New Straits Times) - Sabah finance ministry expects an overall economic growth rate of about 4.0 per cent next year, supported by strong domestic consumption, increased investments and ongoing recovery of key sectors.
India’s food imports at $33 billion in 2023, down 10% on year
02/01/2024 (Financial Express) - India, despite being one of the few developing countries self-sufficient in food, still shipped in $ 33 billion of farm products in 2023 with more than half of it just accounted for by vegetable oils, according to a report by trae policy think tank.
Import duties to open agri sector key to ensure India's food security: GTRI
01/01/2024 (Business Standard) - Maintaining high import duties on sensitive agri commodities like rice and resisting pressure to open up the domestic sector to low tariffs will be crucial for preserving India's self-sufficiency and ensuring food security for its population, a report said on Monday.
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.
