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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
Bek-Nielsen is new Malaysian Palm Oil Council chairman effective May 1
23/03/2023 (Malay Mail), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) today announced vice chairman and CEO of United Plantations Berhad Datuk Carl Bek-Nielsen as its new chairman effective May 1.
Asian Crude Palm Oil Watch 1Q23
24/03/2023 (Hellenic Shipping News) - 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.
Malaysia keeps April crude palm oil export duty at 8%
23/03/2023 (Zawya) - Malaysia has maintained its April export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Thursday.
Africa’s palm oil sector to see prices falling in 2023 as output rises
23/03/2023 (North Africa Post) - Although palm oil production has been linked to environmental damage and human rights abuses, it remains an important industry providing jobs and contributing to economic growth in several countries in Africa.
Palm slips to more than six months closing low on weaker rival oils
24/03/2023 (Hellenic Shipping News) - Malaysian palm oil futures slumped to a more than six-month closing low on Thursday tracking losses in rival edible oils, while caution as investors gauged the U.S. Federal Reserve’s comments also weighed on sentiment.
Small farmers petition EU for changes to deforestation rule
Petaling Jaya - Representatives of the country’s major small farmer organisations travelled to Brussels to personally present a petition to the European Commission demanding changes to the European Union’s Deforestation Regulation (EUDR).
MPOC to support efforts of smallholders
Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) will continue to demand changes to the European Union Deforestation Regulation (EUDR).
Crude palm oil prices dropped pressured by persistent doubts over demand
Crude palm oil prices dropped pressured by persistent doubts over demand, sharp pullbacks in rival vegetable oils, and a strong Malaysian ringgit. Rapeseed and sunflower oil prices declined after Russia and Ukraine extended their deal to secure grain trade through the Black Sea, pressuring other vegetable oils.
Business InsiderTop 10 African countries producing Palm Oil
Palm oil has become an essential ingredient in various products we use daily, from food to cosmetics and even biofuels. It is a versatile and inexpensive vegetable oil, and demand for it has skyrocketed in the past few decades. However, palm oil production has also been linked to environmental damage and human rights abuses. Despite these concerns, palm oil production remains an important industry providing jobs and contributing to economic growth in many countries, including several in Africa.
