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Strong buying sentiment drives CPO uptrend at RM4,200
CPO prices forecast to dip amidst surplus soybean supply
Bullish outlook seen for Malaysian crude palm oil futures
Sunflower Processing in Ukraine Hits Three-Month High, Exports Drive Growth across the global market
Used cooking oil amount proves surprising
12/04/2024 (The Western Producer), Saskatoon - Canada’s canola oil is facing stiff competition from used cooking oil (UCO) and tallow in renewable diesel markets.
IOI Corp CEO: Palm oil production to normalise by June, offering relief to CPO prices
08/04/2024 (The Edge Malaysia), Kuala Lumpur - The production of palm oil is expected to normalise in June this year, after it was hit by the El Niño weather phenomenon and will thus start to moderate the price of crude palm oil (CPO), according to IOI Corp Bhd managing director and chief executive officer Datuk Lee Yeow Chor.
08/04/2024 (Chemanalyst) - According to recent estimates by market analysts, Ukraine signifying one of the major exporters of Sunflower and its downstream Sunflower oil to the global market witnessed a notable surge in Sunflower processing during the entire month of March, reaching a three-month high of nearly around of 1.49 million tonnes. This marks a significant 9% increase compared to February and a robust about 10% rise from March 2023 figures. The cumulative processing of Sunflowers in Ukraine for the first seven months of the 2023/24 marketing year has also seen substantial growth, totaling nearly around 9.3 million tonnes. This represents an 11% surge compared to the same period in the previous season, reaching the highest level recorded in the past three seasons and approaching pre-war figures of about 9.6-10.5 million tonnes in the September-March timeframe.
CPO futures end lower, tracking soybean oil market
08/04/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the third straight day on Monday in line with the weaker rival soybean oil as well as palm olein futures on the Dalian Commodity Exchange, which weigh on market sentiment.
NEARLY TWO DECADES ON, EUROPE CONTINUES TO DRIVE GLOBAL DEMAND FOR RSPO CERTIFIED PALM OIL
08/04/2024 (PR Newswire), Kuala Lumpur - Nearly two decades ago, the European market marked a milestone in the global trade of palm oil when a shipment of barrels bearing the Roundtable on Sustainable Palm Oil (RSPO) trademark arrived in Rotterdam, the Netherlands on 11 November 2008. The shipment, originating from Malaysia, contained the world's first cargo of certified sustainable palm oil (CSPO).
Nizamabad: Biodiesel unit using automotive tech faces challenges in sourcing raw materials
08/04/2024 (The Indian Express), Nizamabad - The palm oil based biodiesel unit, Renjarla Energy Pvt Ltd., utilising automotive technology has been facing significant challenges in sourcing raw materials from various places, hindering production continuity. Due to this, entrepreneurs are unable to continue production and increase their business as per market demand.
08/04/2024 (The Business Times) - THE benchmark active Malaysian crude palm oil futures contract broke out of a mid-term parabolic bowl accumulation pattern in the middle of March this year, a technical pattern that had been forming since July 2023.
Malaysian palm oil futures decline
07/04/2024 (Business Recorder), Jakarta - Malaysian palm oil futures closed lower on Friday but posted weekly gains, while market participants awaited March inventory data from the Malaysian Palm Oil Board (MPOB).
Cooking oil supply drops in Kelantan market ahead of Raya
07/04/2024 (The Star), Kota Bharu - The Kelantan Ministry of Domestic Trade and Cost of Living has found a slight decrease in the supply of cooking oil in the market due to the strong demand ahead of the Hari Raya celebration.