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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
Efforts to promote palm oil-based products in international markets to be enhanced
16/02/2023 (New Straits Times), Kuala Lumpur - Efforts to promote Malaysian palm oil-based products will continue to be enhanced by the Malaysian Palm Oil Council (MPOC).
India’s January palm oil imports fall 25% m/m – trade body
16/02/2023 (Hellenics Shipping News) - India’s palm oil imports in January fell about 25% from the previous month to 833,667 tonnes, a trade body said on Wednesday.
Palm drops as exports slow, rival oils decline
16/02/2023 (Hellenics Shipping News) - Malaysian palm oil fell on Wednesday as export data from cargo surveyors showing a slowdown and lower prices of rival edible oil weighed on sentiment.
Bursa Malaysia opens marginally lower
16/02/2023 (The Malaysian Reserve), Kuala Lumpur - Bursa Malaysia retreated from yesterday’s gains and opened marginally lower today as investors turned cautious in view of the strong US retail data, which might indicate potential interest rate hikes by the US Federal Reserve (Fed) going forward.
AG's Report 2021: Govt received no dividend from MOF Inc-backed Felcra for three years
16/02/2023 (The Edge Markets), Kuala Lumpur - The federal government did not receive dividends from Felcra Bhd from 2019 to 2021, according to the Auditor General’s Report 2021 Series 2.
Cooking oil import queries
17/02/2023 (Business Daily) - In early December, I received a call from a large Eastleigh-based trader and wholesaler dealing mainly in imported fast-moving consumer products who requested a meeting with me.
Key factors driving CPO prices up
14/02/2023 (The Star Online), Petaling Jaya - Crude palm oil (CPO) stocks which rose 3% month-on-month to 2.27 million tonnes at end-January, may get some respite in the near-term due to key factors that will drive up the commodity’s price.
Indonesia further curbs palm oil exports
15/02/2023 (World Grain), Jakarta/Indonesia - A projected 400,000 to 800,000 tonnes of Indonesian palm oil are expected to be blocked from the global market over the next three months after the government said it would suspend two-thirds of palm oil exports in order to shore up domestic cooking oil supplies, according to a Global Agricultural Information Network report from the Foreign Agricultural Service o the US Department of Agriculture (USDA).
India seen coping with Indonesia curbs on palm oil exports
15/02/2023 (Hellenic Shipping News) - Indonesia’s plans to restrict palm oil exports are unlikely to create a shortage in top consuming market India, where stocks have risen to a record high following aggressive imports in the past three months, industry officials said.
