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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
Former RSPO co-chair Carl Bek-Nielsen appointed chairman of Malaysian Palm Oil Council
27/03/2023 (Eco-Business) - Palm oil industry veteran Carl Bek-Nielsen has been appointed as the new chairman of the Malaysian Palm Oil Council, an organisation tasked with promoting the market expansion of the country’s palm oil and its products.
These ‘supertrees’ grow a climate-friendly alternative to palm oil
27/03/2023 (Fast Company) - On a former sugarcane plantation in Oahu that was abandoned for decades, rows of trees now grow in the degraded soil. The trees—called pongamia—aren’t new to Hawaii. But a company called Terviva is the first to farm them, after discovering a way to process the trees’ beans to make them into food.
Boost in demand for palm oil seen on supply recovery
PETALING JAYA: The demand for palm oil is expected to recover, underpinned by an increasing need within Asia-Pacific, better affordability and improving global biofuel policies.
Asian Crude Palm Oil Watch 1Q23
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of around USD1,175/t in 2022, but a marked improvement from the end-September 2022 level of around USD700/t and the last 10-year average of USD730/t. Prices have been supported by market expectations of significantly higher biodiesel consumption in and lower exports from Indonesia, and the impact of heavy rainfall at the start of 2023 on output.
UMS to study potential of using palm oil waste as building materials
KOTA KINABALU: Universiti Malaysia Sabah (UMS) will conduct research on the use of oil palm waste materials in the construction industry.
Palm extends losses to clock biggest weekly drop in four months
KUALA LUMPUR: Malaysian palm oil futures on Friday extended losses to a seventh session to log their biggest weekly drop in more than four months, tracking weakness in rival edible oils.
CPO futures likely to trade with downward bias this week
BERNAMA – Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downward bias next week on weak global sentiment, dealers said.
South American soybean oil prices drop to more than two-year low
FOB soybean oil cash prices in South American markets have broken the $1,000/mt mark and plunged to a more than two-year low amid falling Chicago Board of Trade futures, thin demand and weakening port differentials.
Malaysian associations strongly urge review of EUDR implementation, recognition of oil palm smallholders
23/03/2023 (The Edge Markets), Kuala Lumpur - The European Union (EU) has apparently failed to understand the processes involved in the Malaysian palm oil supply chain and it has refused to recognise the existence of smallholders in the entire supply chain, said Sarawak Dayak Oil Palm Planters Association (Doppa).
