|
CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Sabah govt urged to review palm oil sales tax
12/09/2023 (The Borneo Post), Kota Kinabalu - Sabah Palm Oil Planters Association’s Executive Advisor, Datuk Yap Wun Fook, has urged the Sabah government to review the 7.5 per cent palm oil sales tax to ensure that the tax system aligns with fairness principles.
MPOA: Dire need for oil palm replanting
12/09/2023 (The Star Online), Petaling Jaya - There is an urgent need to ensure the sustainability of the palm oil industry in Malaysia and maintaining a strong level of output for competitive reasons.
Malaysia's end-Aug palm oil stocks jump to 7-month high
11/09/2023 (The Star Online), Kuala Lumpur - Malaysia's palm oil stocks at the end of August rose to their highest since January, higher than market expectations, data from the Malaysian Palm Oil Board (MPOB) showed on Monday.
MP Evans dragged down by lower palm oil prices
11/09/2023 (Investors Chronicle) - Crude palm oil (CPO) prices soared in the aftermath of Russia’s invasion of Ukraine as concerns raged about vegetable oil supply. While prices remain elevated against historic levels, a 27 per cent year-on-year slowdown in the average mill-gate price to $755 (£604) per tonne dented Indonesia-focused palm oil producer MP Evans’ (MPE) revenue by over a fifth. A low-cropping period and a doubling of fertiliser costs also hurt, as the gross margin fell by a painful 21 percentage points to 17 per cent and operating profits contracted by 62 per cent.
Malaysia’s palm oil stocks up 22.54pc in August
11/09/2023 (Malay Mail), Kuala Lumpur - Malaysia’s total palm oil stocks surged by 22.54 per cent to 2.12 million tonnes in August 2023 from 1.73 million tonnes in the preceding month, according to the Malaysian Palm Oil Board (MPOB).
Malaysian palm oil stockpile seen climbing in coming months after August jump
11/09/2023 (The Edge Malaysia), Kuala Lumpur - Malaysia’s palm oil stockpile is seen to climb further in the coming months as production enters a seasonally higher period, following a higher than expected jump in August.
Malaysia’s palm oil reserves rise most in two years on output jump
11/09/2023 (The Edge Malaysia) - Palm oil inventories in Malaysia surged the most in two years to cross the two-million-tonne level on stronger-than-expected production and weaker exports in the second-biggest grower.
VEGOILS-Palm opens up ahead of MPOB data after weekly drop
11/09/2023 (Nasdaq) - Malaysian palm oil futures opened higher on Monday after a drop last week ahead of the much-anticipated Malaysian Palm Oil Board (MPOB) data later in the day, supported by stronger Dalian and Chicago Board of Trade (CBOT) rival oils.
Windfall profit levy review, oil palm replanting among agenda at MPOA’s inaugural conference
09/09/2023 (The Edge Malaysia), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is set to hold its first ever National Palm Oil Conference 2023 next month, for stakeholders to discuss crucial issues and emerging trends in the palm oil sector.
