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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
Malaysian palm oil's key role in global food security
05/10/2023 (New Straits Times) - PALM oil, known for its versatility, serves as a widely consumed vegetable oil worldwide, is an important ingredient in the food industry. It is mainly used as a cooking oil and also in various food applications, including margarines, spreads, confectionary fats, ice cream, pizza, doughnuts, chocolate, and emulsifiers.
MPOB: Efforts being made to help more palm oil smallholders meet MSPO requirements
05/10/2023 (The Star Online), Kuala Lumpur - The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme.
'CPO prices expected to move past RM4,000 a tonne in 2024'
05/10/2023 (New Straits Times), Kuala Lumpur - RHB Investment Bank Research (RHB IB Research) expects crude palm oil prices to move past RM4,000 per tonne in 2024.
Strategic Shift to Secure Malaysia’s Palm Oil Industry
05/10/2023 (Lokmat Times), New Delhi – In a bid to safeguard Malaysia’s palm oil industry against the risks associated with overreliance on a single market, Belvinder Kaur Sron, CEO of the Malaysian Palm Oil Council (MPOC), has urged a strategic shift towards exploring other high-potential markets for palm oil exports. This call to diversify comes as Malaysia’s oil industry faces the need to adapt to evolving global regulations and market preferences.
Palm ends lower on weaker demand from top buyers India, China
05/10/2023 (Business Recorder), New Delhi - Malaysian palm oil futures closed lower on Thursday due to a drop in overseas demand for the tropical oil from top buyers such as India and China.
Ministry to identify recipients of cooking oil subsidy from DOSM data
05/10/2023 (Free Malaysia Today), Petaling Jaya - The government will rely on data which the statistics department (DoSM) is currently reviewing when setting the limit of subsidised cooking oil packets for B40 and M40 households, Fuziah Salleh said.
India’s edible oil imports down 19% in September
05/10/2023 (The Star Online), Mumbai - India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, according to five dealers.
Sarawak plantation owners want govt to review palm oil windfall profit levy
04/10/2023 (The Borneo Post), Kuching - It is imperative for the government to review the current policy of imposing the windfall profit levy on palm oil, said the Sarawak Oil Palm Plantation Owners Association (Soppoa).
Govt aims to triple palm oil production by 2030
04/10/2023 (Financial Express) - The government is aiming to increase domestic palm oil production from current level of 0.35 million tonne (MT) to a MT by 2030 under the national oil palm mission through adding at least 0.1 million hectare (MH) of new plantation annually in the five to six years, according to a leading industry official.
