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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
Brazil’s biodiesel blend to increase to 15% starting in April
SÃO PAULO, BRAZIL — Brazil’s mandatory blend of biodiesel will remain at 10% until March 31, 2023, Reuters reported, citing the Mines and Energy Ministry.
Soybean, grain futures turn higher ahead of Thanksgiving
CHICAGO: Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said.
Malaysian diplomat underlines need for reviewing FTA
24/11/2022 (Business Recorder), Karachi - Consul General of Malaysia Herman Hardynata Bin Ahmad has said that Malaysia and Pakistan, in addition to having several multilateral agreements as members of UN, OIC and D-8, have also signed 20 bilateral agreements including a Free Trade Agreement (FTA) but this 15-year-old FTA, which was inked in 2008, needs to be reviewed with a view to further improve the existing trade ties between the two brotherly countries.
Palm Oil Prices to Weaken in 2023 on Higher Output
24/11/20222 (Hellenic Shipping News) - Fitch Ratings expects average crude palm oil (CPO) prices to be significantly lower in 2023, as industry output is likely to be higher. Lower prices should weaken Asian producers’ margins and EBITDA, and result in higher leverage. However, EBITDA should be supported by higher fruit yields and oil output. The free cash flow (FCF) profiles of producers should also benefit from a release of working capital.
Advancing oil palm industry
24/11/2022 (New Straits Times) - THE Advanced Biotechnology and Breeding Centre (ABBC), a division of the Malaysian Palm Oil Board (MPOB), is now the largest oil palm germplasm collection centre in the world for conservation and research based on oil palm breeding and biotechnology.
KLK, Batu Kawan's 4Q earnings dragged by lower investment holding and manufacturing profits
23/11/2022 (The Edge Markets) - Batu Kawan Bhd and its 47.74%-held Kuala Lumpur Kepong Bhd (KLK) reported lower earnings for the fourth quarter ended Sept 30, 2022 (4QFY2022), mainly dragged by significantly lower investment holding and manufacturing profits.
Kuala Lumpur Kepong Bhd net profit retreats to RM2.17b in FY2022
23/11/2022 (Malay Mail) - Kuala Lumpur Kepong Bhd’s (KLK) net profit dropped to RM2.17 billion in the financial year ended September 30, 2022 (FY2022) from RM2.26 billion posted in FY2021 due to investment losses.
CPO prices to be supported at current levels in near term, say analysts
22/11/2022 (The Edge Markets) - ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy.
Boustead Plantations expects continued volatility in palm oil prices
22/11/2022 (The Star Online), Kuala Lumpur - Following a decline in profitability in the recent quarter, Boustead Plantations Bhd said the prices of palm oil are expected to remain highly volatile for the rest of the year due to high stock levels in Malaysia and Indonesia.
