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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Indonesia plans increase in palm oil-based biodiesel in 2025
24/07/2024 (The Edge Malaysia), Jakarta - Indonesia, the world's biggest palm oil producer, is testing fuel with a view to increasing to 40% from 35% the share of palm-oil blended into biodiesel next year, the energy ministry said.
Palm Kernel Oil Prices Expected to Rise in July, Experts Say
24/07/2024 (Chemanalyst) - Market analysts are forecasting an increase in Palm Kernel Oil prices for the upcoming months, citing several factors influencing the commodity's supply and demand dynamics. This anticipated price rise for Palm Kernel Oil comes amid challenging planting conditions in key producing nations, including Malaysia, Indonesia, and Thailand. Industry experts point to a combination of weather-related issues, labor shortages, and global economic factors as the primary drivers behind the expected price surge for Palm Kernel Oil.
Palm oil eases on higher supply prospects; strong demand limits
24/07/2024 (Business Recorder), Beijing - Malaysian palm oil futures ticked down for a second session on Wednesday as prospects of higher output in the world’s second largest producer outweighed strong demand.
Robust Palm Oil Buying To Propel India's July Edible Oil Imports To Record High: Report
24/07/2024 (ABP News) - Indian industries and the government have reportedly made unprecedented purchases of edible oils scheduled for delivery in July. Refiners have significantly boosted their procurement of palm oil and soy oil, driven by attractive pricing and in anticipation of potential import duty hikes, according to a Reuters report citing sources.
Palm oil surrenders most of early gains on India budget caution
23/07/2024 (Reuters), Beijing - Malaysian palm oil futures gave up most of their early gains on Tuesday, as concerns surrounding India's annual budget outweighed support from strong July exports.
China releases first corporate standard in road tanker truck for edible oil transportation
23/07/2024 (Ecns) - A Chinese vehicle manufacturer has released the first domestic corporate standard in tanker truck equipment for edible oil transportation.
Report advises two-tier approach to spot sunflower oil fraud
23/07/2024 (Securing Industry) - Contamination and adulteration of vegetable oils is a widespread problem and could be responsible for more deaths than any other form of food fraud.
ICE Canola Midday: More Gains as Liquidation Continues
24/07/2024 (Morning Star), Manitoba - Intercontinental Exchange canola futures were on the rise at midsession Tuesday, in what an analyst said is very likely more fund liquidation.
Malaysian palm oil logs five-day winning streak on good demand
24/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended higher on Monday, extending gains to a fifth consecutive session on the back of good demand and data showing a surge in July exports.
