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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
MPOB: Global tocotrienol market to grow 7.2pc by 2024
10/09/2023 (Malay Mail), Kuala Lumpur - The global tocotrienol market is expected to grow at a compound annual growth rate (CAGR) of 7.2 per cent by 2024 from 530.4 tonnes in 2015, with the Asia Pacific region being the biggest market, according to the Malaysian Palm Oil Board (MPOB).
Kelantan KPDN reduces smuggling of 1kg cooking oil polybags to Thailand
10/09/2023 (New Straits Times), Kota Baru - Ops Bersepadu caried out between Domestic Trade and Cost of Living Ministry (KPDN) and other agencies managed to reduce the leakage of subsidised cooking oil in 1kg polybags to the neighbouring country.
Palm oil: Amidst tycoon onslaught, North-East farmers discuss impact on biodiversity
10/09/2023 (Counter View) - The northeastern states of India account for about three per cent of the total 1.4 billion population of India. In 2021, Prime Minister Narendra Modi unveiled the National Mission on Edible Oils – Palm Oil, with a total outlay of Rs11,040 crore. The plan is to bring 6.5 lakh hectares under oil palm cultivation, of which 3.2 lakh hectares would be in the northeast. Brands such as Godrej’s Agrovet, Patanjali’s Ruchi Soya and 3F have been planning entry into oil palm cultivation in the northeast. The push for acquiring land for oil palm cultivation is also seen as the backdrop to the ongoing violence in Manipur.
Palm closes lower ahead of August supply-demand data
Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.
EU 2023/24 soybean imports up 7% by September 3, rapeseed down 50%
European Union soybean imports so far in the 2023/24 season that started in July had reached 2.39 million metric tonnesby Sept. 3, up 7%compared with 2.23 million a year earlier, data published by the European Commission showed on Tuesday.
EIA: US biodiesel capacity down in 2023
U.S. biodiesel production capacity fell by 169 MMgy between Jan. 1, 2022, and Jan. 1, 2023, according to data released by the U.S. Energy Information Administration in August. The number of biodiesel plants fell by 13.
Ukraine expected to harvest record canola crop
The big harvest is likely to translate into a strong export program with much of the crop destined for European markets Ukraine is harvesting what analysts expect will be a record crop of canola.
Palm oil futures lower
JAKARTA: Malaysian palm oil futures closed down for a fourth consecutive session on Thursday ahead of August supply-demand data from the Malaysian Palm Oil Board (MPOB) and as losses in rival oils weighed.
India’s palm oil imports set to jump 26% to 10 million tonnes
MUMBAI: India’s palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country’s top palm oil buyer told Reuters on Wednesday.
