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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
Repeat CPO futures snap five-day gains streak to end lower
20/06/2023 (The Sunday Daily), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped five consecutive days of gains to end lower today amid lacklustre trading.
VEGOILS-Palm extends five-day rally on lower output worries, weaker ringgit
20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures inched up on Tuesday for a sixth straight session as the ringgit weakened and traders fretted about lower output estimates.
VEGOILS-Palm rises for sixth day on lower output worries, weaker ringgit
20/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rose for a sixth straight session on Tuesday, hovering near a six-week high touched in the previous session, as the ringgit weakened and traders fretted about lower output estimates.
EU seeks to conclude trade negotiation with Indonesia before 2024 elections
20/06/2023 (The Jakarta Post) - Seeking to avoid the fiasco of finalizing negotiations during next year’s elections in Indonesia, the European Union wants to conclude trade negotiations by the end of this year, while its more controversial deforestation policy, which could hammer Indonesia’s palm oil industry, continues to cast a heavy pall in Jakarta.
India’s May edible veg oil imports up 3% month on month
20/06/2023 (Fast Markets) - India’s edible vegetable oil imports in May rose 3% from April to 1.053 million tonnes, with palm oil continuing to cede its import share to rivals sunflower and soybean oil, data from the Solvent Extractors Association of India (SEA) showed on Thursday.
‘No palm oil’ labels are illegal, says council
19/06/2023 (Free Malaysia Today), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has “strongly” urged retailers to remove all products and advertising materials displayed and sold that bear discriminatory logos against palm oil from their premises.
VEGOILS-Palm oil falls after rally, but weather concerns lend support
19/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures eased on Monday after surging 6% in the previous session, although concerns over dry weather taking a toll on global production of palm and soybeans kept the contract near six-week highs.
Palm oil industry players urged to act together to improve workers’ welfare
19/06/2023 (The Borneo Post), Kuching - Concerted efforts in improving employee welfare are needed from all palm oil industry players to ensure the sustainability of the industry, said Deputy Prime Minister Dato Sri Fadillah Yusof.
CPO Futures set to trade lower on profit-taking this week
19/06/2023 (New Straits Times), Kuala Lumpur - The local crude palm oil (CPO) futures market is expected to trend lower this week on profit-taking activities.
