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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
December palm oil stocks slip to four-month low
11/01/2022 (The Star Online), Kuala Lumpur - Malaysia’s December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed yesterday.
Malaysia's December palm oil output beats expectations
11/01/2023 (New Straits Times), Kuala Lumpur - Malaysia's palm oil output beat Kenanga Research's expectations in December as the sector offers highly defensive qualities, from resilient food and fuel driven demand to asset-rich net traded assets (NTA).
Palm hits near three-week closing low on export demand concerns
12/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures fell for a second consecutive session on Wednesday to close at their lowest in nearly three weeks, as fears grew about waning demand after early-January exports plummeted by about half.
Malaysian analysts expect lower crude palm oil prices in 2023
11/01/2023 (People Gazette) - Malaysia’s leading securities and investment group, Affin Hwang Investment Bank, said in a note that CPO prices could be supported at 3,700 ringgit. That is about $846 to 4,000 ringgits ($914) per tonne in the short-term, given the seasonally low production period in major producing countries of Indonesia and Malaysia due to the monsoon season.
Malaysia’s palm oil stocks down 4.09% in Dec 2022
10/01/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.
POSCO International to Build Palm Oil Refinery in Indonesia
11/01/2023 (Business Korea) - POSCO International will establish a palm refinery in Indonesia as part of its efforts to transform into a general business company covering energy, food, and eco-friendly parts.
Indonesia to set Jan 16-31 palm oil reference price at $920.57/T –official
11/01/2023 (Market Screener), Jakarta - Indonesia planned to set its crude palm oil reference price at $920.57 per tonne for Jan. 16-31, up from $858.96 per tonne in Jan. 1-15, deputy coordinating minister of economic affairs Musdhalifah Machmud said on Wednesday.
Malaysia’s total palm oil stocks fell 4.09 per cent to 2.19 million tonnes in December last year from the 2.29 million tonnes recorded the month before.
Malaysia’s December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed yesterday.
