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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm oil may retest resistance at 4,128 ringgit
SINGAPORE: Palm oil may retest a resistance at 4,128 ringgit a tonne, a break below which could open the way towards 34,176 ringgit.
Edible oil prices to decline further, says food ministry
Edible oil prices are likely to soften further in the coming months, due to a decline in global prices and robust domestic crop prospects, a food ministry official said on Wednesday.
Malaysia wants FTA review to boost trade
KARACHI: Consul General of Malaysia Herman Hardynata Bin Ahmad has said that the Free Trade Agreement (FTA), signed in 2008, needs to be reviewed to boost the existing trade between Pakistan and Malaysia.
Telangana government to ramp up oil palm cultivation
Hyderabad: In the wake of its vast applications and commercial value, the Telangana government has set a target of bringing 20 lakh hectares under oil palm cultivation in the State in the next three years.
Brazil’s biodiesel blend to increase to 15% starting in April
SÃO PAULO, BRAZIL — Brazil’s mandatory blend of biodiesel will remain at 10% until March 31, 2023, Reuters reported, citing the Mines and Energy Ministry.
Soybean, grain futures turn higher ahead of Thanksgiving
CHICAGO: Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said.
Malaysian diplomat underlines need for reviewing FTA
24/11/2022 (Business Recorder), Karachi - Consul General of Malaysia Herman Hardynata Bin Ahmad has said that Malaysia and Pakistan, in addition to having several multilateral agreements as members of UN, OIC and D-8, have also signed 20 bilateral agreements including a Free Trade Agreement (FTA) but this 15-year-old FTA, which was inked in 2008, needs to be reviewed with a view to further improve the existing trade ties between the two brotherly countries.
Palm Oil Prices to Weaken in 2023 on Higher Output
24/11/20222 (Hellenic Shipping News) - Fitch Ratings expects average crude palm oil (CPO) prices to be significantly lower in 2023, as industry output is likely to be higher. Lower prices should weaken Asian producers’ margins and EBITDA, and result in higher leverage. However, EBITDA should be supported by higher fruit yields and oil output. The free cash flow (FCF) profiles of producers should also benefit from a release of working capital.
Advancing oil palm industry
24/11/2022 (New Straits Times) - THE Advanced Biotechnology and Breeding Centre (ABBC), a division of the Malaysian Palm Oil Board (MPOB), is now the largest oil palm germplasm collection centre in the world for conservation and research based on oil palm breeding and biotechnology.
