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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Soyabean, palm oil imports decrease
26/05/2024 (The Nation), Islamabad - Imports of edible oil including soyabean and palm into the country during the first 10 months of the current financial year decreased by 54.61 percent and 25.73 percent respectively as compared to the imports of the corresponding period of the last year. During the period from July-April 2023-24, over 108,205 metric tons of soyabeans valued at $116.600 million were imported to fulfill the local requirements of edible oil and vegetable ghee as compared to the imports of 180,373 metric tons costing $256.913 million of the same period of last year.
Malaysian palm oil erases early gains on rising output
26/05/2024 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains to end lower on Friday as a recovery in production offset the weakness of the Malaysian ringgit and expectations of improved demand after the prices of rival soft oils rallied more than palm oil this week.
P600-million palm oil project starts rolling
27/05/2024 (Inquirer.Net) - Garcia Refinery Corp. (Gareco) has started construction of its P600-million palm oil refinery in Soccsksargen, the first of its kind in Mindanao, that could help advance the local industry.
IOI Corp sees CPO prices at RM3,700-4,100 per tonne for next three months
24/05/2024 (The Star), Kuala Lumpur - IOI Corp Bhd expects crude palm oil (CPO) price to hover within the range of RM3,700 to RM4,100 per tonne during the next three months.
Johari to lead Malaysian delegation on working visit to Egypt, Türkiye
26/05/2024 (Bernama), Kuala Lumpur - Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani will lead a Malaysian delegation to Egypt and Türkiye for a working visit from May 27 to June 1, 2024.
Malaysian palm oil ends lower as weaker exports weigh
22/05/2024 (UkrAgroConsult) - Malaysian palm oil futures declined on Tuesday, weighed down by a drop in exports of oil products in May. The benchmark palm oil contract FCPOc3 for August delivery on the Bursa Malaysia Derivatives Exchange closed down 58 ringgit or 1.48%, at 3,863 ringgit ($822.26) a metric ton.
New drop-off point for cooking oil
23/05/2024 (The Star) - Since 2017, residents of SS14 in Subang Jaya, Selangor, have had a way to properly dispose of their used cooking oil. Instead of clogging drains with the oil, they can discard it into a collection drum at a nearby park, and get rewarded for it.
ICE Review : Canola Rises Alongside European Rapeseed, Malaysia Palm Oil
23/05/2024 (Market Screener), Winnipeg - The ICE Futures canola market was higher on Thursday despite mixed comparable oils.
Coconut Oil Prices Brace for Downturn as Europe's Market Dynamics Shift
23/05/2024 (Chemanalyst) - Similar to that of other edible oil prices, the European market witnessed a lower price for Coconut Oil, coupled with weak demand and intensified competition from distinct vegetable oils. This fall is likely to be supported by various factors including the Increased supply from key producers, decreased demand in key sectors, and currency fluctuations.
