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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
Malaysia palm oil stocks rise
12/07/2023 (Business Recorder) - Malaysia’s palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country’s palm oil board showed on Monday.
Upside support for CPO prices
12/07/2023 (The Star Online), Kuala Lumpur - The plantations sector could be poised for an upcycle should the El Nino weather phenomenon play out as expected.
Palm oil stock rises 1.92% in June
11/07/2023 (The Star Online), Petaling Jaya - Malaysia’s total palm oil stock increased by 1.92% to 1.72 million tonnes in June 2023 from 1.69 million tonnes in the preceding month.
CPO prices may end up stronger than expected due to El Nino
11/07/2023 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) prices may end up higher than the currently expected average of RM3,700 per tonne for 2023 to 2024, Kenanga Research said.
VEGOILS-Palm oil extends gains on strong exports, tight stockpiles
10/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a second session on Tuesday, underpinned by improving export demand and a slower-than-anticipated rise in inventories.
VEGOILS-Palm ends lower on rising production outlook, improving demand underpins
11/07/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures reversed early gains to end lower on Tuesday as traders weighed expectations of rising production against improving export demand.
Domestic trade ministry, agencies to curb smuggling of subsidised cooking oil
11/07/2023 (The Star Online), Putrajaya - The Domestic Trade and Cost of Living Ministry will work with the relevant enforcement agencies to beef up controls on distribution of controlled goods, especially cooking oil, at the country’s borders.
Bangladesh lowers cooking oil prices; bottled soybean oil prices cut by Tk 10 a litre
11/07/2023 (BD News24.com) - The government has lowered cooking oil prices by Tk 5-12 per litre following a fall in prices on the global market.
Anticipation of higher stocks to weigh on CPO
10/07/2023 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade lower this week given the expectation of higher stocks and muted demand.
