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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
CPO futures expected to trade lower next week amid rising output concern
14/07/2024 (New Straits Times), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a downside bias, given rising output expectation in the coming week, said palm oil trader David Ng.
FGV launches improved sustainability framework to help transform palm oil sector
14/07/2024 (New Straits Times), Kuala Lumpur - FGV Holdings Bhd has introduced its improved Sustainability Framework to support the nation's initiatives in transforming the palm oil industry and achieving broader sustainability objectives.
Malaysian delegation visits China to boost cooperation on palm oil exports
14/07/2024 (Bastille Post Global) - In a bid to promote Malaysian palm oil to Chinese businesses and consumers, an official from the Southeast Asian country's plantation authority led a delegation to China from July 8 to 12.
Domestic trade ministry foils attempt to smuggle 476kg of cooking oil to Thailand
14/07/2024 (New Straits Times), Tumpat - The Kelantan Domestic Trade and Cost of Living Ministry foiled an attempt to smuggle cooking oil in packets to Thailand with the seizure of 476kg yesterday.
Alor Pongsu sundry shop found imposing conditions to buy subsidised cooking oil
13/07/2024 (The Star), IPOH - In order to purchase the 1kg subsidised cooking oil packets, customers visiting a sundry shop in Alor Pongsu, Parit Buntar, have been required to buy other items first.
Positive outlook for plantation sector
Analysts are maintaining their “neutral” stance on the plantation sector, with pockets of positivity based on a projected increase in crude palm oil (CPO) stockpile in the second half of 2024 (2H24).
Palm oil stockpile up to 1.83 million tonnes in June
Malaysia’s total palm oil stocks increased by 4.35% to 1.83 million tonnes in June 2024 from 1.75 million tonnes in May 2024, according to the Malaysian Palm Oil Board (MPOB).
Malaysian palm oil futures up despite higher inventories
Malaysian palm oil futures settled higher on Thursday even as an industry regulator said inventories in June surged to a four-month high.
India's palm oil imports at six-month peak, sunflower oil hits record high
India's palm oil imports in June rose to reach the highest level in six months on robust demand from refiners for upcoming festivals, while sunflower oil imports surged to a record level, a leading trade body said on Thursday.