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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
Malaysia invites Thailand to become CPOPC member
28/02/2023 (New Straits Times), Kuala Lumpur - Malaysia has invited Thailand to join the Council of Palm Oil Producing Countries (CPOPC) as a member to create a stronger voice to address discriminatory protectionist measures against palm oil and rubber producers at Asean level.
Tanzania: PM Reveals Major Discovery in Palm Oil Seeds
28/02/2023 (AllAfrica) - PRIME Minister Kassim Majaliwa has revealed that research institutes in the country have succeeded in discovering and experimenting in the cultivation of the palm oil tree seeds known as Terena.
Palm oil may retest support of 4,155 ringgit
28/02/2023 (Business Recorder), Singapore - Palm oil may retest a support of 4,155 ringgit per tonne, a break below could open the way towards 4,039-4,083 ringgit range.
More than 97% of oil palm planted areas MSPO-certified
28/02/2023 (The Sun Daily), Kuala Lumpur - A total of 5.5 million hectares or 97.88 per cent of the total 5.6 million oil palm planted areas in the country have obtained the Malaysia Sustainable Palm Oil (MSPO) certification as at Jan 31 this year, said Deputy Plantation and Commodities Minister Datuk Siti Aminah Aching.
Palm oil imports hit record
28/02/2023 (Business Recorder) - A look at Pakistan’s palm oil import habits would not tell you this is a country in dire straits and short of dollars. Pakistan imported its highest ever monthly palm oil quantity in January 2023 at 0.35 million tons. For seven months of FY23 – palm oil import quantities have increased 9 percent to nearly 2 million tons – and Pakistan is well on course to rake up highest yearly palm oil imports.
Indonesian palm oil tycoon fined record $3.71b, first graft penalty based on losses to economy
01/03/2023 (The Straits Times), Jakarta - An Indonesian court has sentenced palm oil tycoon Surya Darmadi to 15 years in prison and fined him a record 41.9 trillion rupiah (S$3.71 billion) – the first time a penalty for corruption was determined based on losses to the economy, on top of losses to the state.
Indonesia must achieve palm oil replanting target -senior official
JAKARTA : Indonesia will boost efforts to ensure a scheme to replant palm oil to lift flagging yields meet a target of 180,000 hectares this year, an official said on Monday, as growers of the edible oil face increased scrutiny over sustainability.
Palm oil ends higher on strong exports
KUALA LUMPUR: Malaysian palm oil futures reversed early losses on Monday, lifted by robust exports, weaker ringgit and weather concerns.
High CPO prices a boon for FGV
KUALA LUMPUR: FGV Holdings Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png expects to perform satisfactorily in line with the projected favourable crude palm oil (CPO) price movement
