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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
RM6.12bil collected from palm oil industry windfall tax from 1999 to last year
16/07/2024 (New Straits Times), Kuala Lumpur - A total of RM6.12 billion of windfall tax from the palm oil industry has been collected and deposited into the Federal Consolidated Fund from 1999 to 2023.
Govt to ensure MSPO complies with EU regulations, says Johari
16/07/2024 (New Straits Times), Kuala Lumpur - The Agriculture and Commodities Ministry is taking various efforts to ensure that the Malaysian Sustainable Palm Oil (MYSPO) certification meets the requirements of the European Union's Forest Law Enforcement, Governance and Trade Regulation (EUDR).
Palm oil snaps two-day losing streak on rivals’ strength, higher export estimates
16/07/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Tuesday to snap a two-day decline, buoyed by stronger rival Dalian and Chicago contracts and higher export estimates.
Germany produced 3.7 million tonnes of biodiesel last year
16/07/2024 (Biofuels International) - Germany exported a total of just less than 1.7 million tonnes of rapeseed meal. This was up about 26% on the same period a year earlier.
Malaysia secures over RM230mil in palm oil trade deals during china visit
15/07/2024 (The Star), Kuala Lumpur - Malaysia has secured over RM230 million in palm oil trade deals during Deputy Plantation and Commodities Minister Datuk Chan Foong Hin’s recent working visit to China.
15/07/2024 (The Edge Malaysia) - Palm oil is likely to extend its rally through the second half of the year (2H2024), as the looming onset of La Nina threatens already-strained supplies of the world’s most-consumed cooking oil.
Malaysia palm oil futures to average RM3,850-4,000 a tonne, says industry body
15/07/2024 (New Straits Times), Kuala Lumpur - Malaysia's benchmark crude palm oil futures are expected to average between RM3,850 and RM4,000 (US$823.53 and $855.61) per metric ton this year, a slight increase from the RM3,800 per tonne average in 2023, the Malaysian Palm Oil Association (MPOA) said on Monday.
No plans to reinforce oil palm replanting programme via grants - MPC
15/07/2024 (The Sun), Kuala Lumpur - The government does not plan to reinforce the oil palm replanting programme via grants for now, the Ministry of Plantation and Commodities (MPC) said.
Stakeholders plan symposium in Malaysia to reposition Nigeria’s palm oil production
15/07/2024 (Business Day) - Worried by the Nigeria dropped from being the largest palm oil producer in the world to the 5th position, the Incorporated Society of Planters (ISP), Africa chapter has planned a maiden symposium to be held in Malaysia.