|
CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm slips over 1% on weaker soyoil, bearish MPOB data
Anwar: China to double imports of Malaysian palm oil
18/09/2023 (The Edge Malaysia), Nanning - China’s imports of Malaysian palm oil will double to 500,000 tonnes a year, from the current 250,000 tonnes, following the exchange of a memorandum of understanding (MOU) between Sime Darby Oils International Ltd (Sime Darby Oils) and GuangXi Beibu Gulf International Port Group (GuangXi Beibu Gulf).
Govt develops plan to reduce edible oil import dependency
17/09/2023 (The Standard Media) - The government has through the ministries of Agriculture and Trade targeted specific value chains in a bid to stimulate production, value addition, and marketing of agricultural products so as to lower the cost of importation that stands at over Sh100 billion per year.
KPDN: Claim of NSK selling subsidised cooking oil only to foreigners is just a misunderstanding
15/09/2023 (The Sun Daily), Putrajaya – The Ministry of Domestic Trade and Cost of Living (KPDN) has inspected the NSK Supermarket in Jalan Peel, Kuala Lumpur, over complaints of it selling the subsidised one kilogramme packets of cooking oil to foreigners.
India’s palm oil imports from Malaysia rise 8.5pc in August
15/09/2023 (Malay Mail), New Delhi - India imported 327,815 tonnes of palm oil from Malaysia in August — an increase of about 8.5 per cent over the previous month.
MPOB: Action will be taken if Palm Oil mill found to have caused pollution in Sg Pukin
15/09/2023 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) will take action in accordance with its legislation if a palm oil mill is found to be the cause of pollution in Sungai Pukin, Rompin, Pahang.
India's palm oil imports exceed one million tonne for second straight month
14/09/2023 (The Edge Malaysia), Mumbai - India's edible oil imports in August rose 5.5% to a record 1.85 million metric tonnes as refiners purchased more than one million tonnes of palm oil for the second consecutive month to build stocks for upcoming festivals, a leading trade body said.
VEGOILS-Palm rises for second session on stronger rival oils
14/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures rose on Thursday, extending gains to a second day, supported by recovery in Dalian vegetable oils and crude oil.
Planters set to ride on CPO price rise
14/09/2023 (The Star Online), Petaling Jaya - UOB Kay Hian (UOBKH) Research is keeping its upbeat outlook on the plantation sector, fuelled by expectations that crude palm oil (CPO) prices will trend higher from the fourth quarter of 2023.
India's vegetable oil imports up 33% in Aug: SEA
14/09/2023 (Times Of India), New Delhi - India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA. India, the world's leading vegetable oil buyer, imported 14.01 lakh tonne of vegetable oil in August 2022.
