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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
Indonesia plans to set palm oil reference price at $791.02/T for July 16-31 - official
12/07/2023 (Nasdaq), Jakarta - Indonesia is planning to set its crude palm oil (CPO) reference price at $791.02 per metric ton for July 16-31, senior economic ministry official Musdhalifah Machmud said on Wednesday, up from $747.23 per tonne in July 1-15.
FGV ENGAGES SMALLHOLDERS TO EMBARK ON SUSTAINABILITY CERTIFICATION
13/07/2023 (The Star Online) - MALAYSIA’S premier agribusiness and food company FGV Holdings Berhad has been hard at work sharing with oil palm smallholders FGV’s commitment in implementing the sustainable development policy of the country’s palm oil industry.
VEGOILS-Palm oil falls over 2% on higher global edible oils output forecast
13/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures extended early losses on Thursday, weighed down by forecast of improving production in the world's second-largest producer, while estimates of all-time high U.S soybean output also dampened sentiment.
Will the EU’s deforestation law keep forests standing?
13/07/2023 (China Dialogue) - The EU’s unprecedented effort to eliminate deforestation from its supply chains fails to consider the poorest growers that form the backbone of palm oil production, say businesses and civil society in Southeast Asia. The oversight could cost developing countries dear and ultimately risks thwarting the bloc’s plan to protect the world’s forests, they add.
VEGOILS-Palm oil falls after higher US soybean output forecast
12/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Thursday, surrendering gains from the previous session, tracking losses in rival edible oils after the U.S government forecast a all-time high production of soybeans.
British High Commissioner to Malaysia: Effective diplomacy key to bridge differences on palm oil, human rights
12/07/2023 (Malay Mail), Kuala Lumpur - Effective diplomacy between Malaysia and the United Kingdom (UK) plays a vital role in understanding differing perspectives on issues such as palm oil and human rights, said British High Commissioner to Malaysia, Charles Hay. Palm oil, a contentious issue between Malaysia, the UK, and the European Union, has prompted discussions aimed at deepening understanding, he said on Bernama TV’s The Nation today.
Switch from Rubber to Oil Palm can increase income of settlers
12/07/2023 (New Straits Times), Kuala Lumpur - The government's willingness to consider drastic measures to help rubber settlers switch to other commodity crops such as oil palm will help provide them with a better income in the future.
VEGOILS-Palm oil closes 1% higher on firm demand, tepid stocks
12/07/2023 (Nasdaq) - Malaysian palm oil futures ended 1% higher on Wednesday, recouping losses on robust demand and as the market digested smaller-than-expected end-June inventories.
VEGOILS-Palm oil rebounds on firm demand, higher rival soyoil
11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rebounded on Wednesday, lifted by robust demand for the commodity and tracking higher rival soyoil prices.
