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MARKET DEVELOPMENT
12-07-2021

Palm oil prices set for third weekly gain as weaker ringgit spurs buying

[KUALA LUMPUR] Malaysian palm oil futures rose 2 per cent on Friday, set for a third consecutive weekly gain, as a weaker ringgit made edible oil cheaper for holders of foreign currency, while expectations of tight production further buoyed trader sentiment.

MARKET DEVELOPMENT
12-07-2021

Palm oil-based cooking oil collection must have MPOB licence

BUSINESS entities that run any used cooking oil collection activities in the market require a licence from the Malaysian Palm Oil Board (MPOB), as the board regulates such activities, especially if they involve palm oil.

MARKET DEVELOPMENT
12-07-2021

Frenzy in plantation deals on back of palm oil rally

KUALA LUMPUR: A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.

MARKET DEVELOPMENT
12-07-2021

CPO futures end the week higher

KUALA LUMPUR (July 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended the week higher, rebounding from three straight days of losses, tracking the steadier performance on the soybean oil market and crude oil prices, said palm oil trader David Ng.

MARKET DEVELOPMENT
12-07-2021

CGS-CIMB sees CPO prices holding firm at RM3,400-RM4,000 in July

KUALA LUMPUR, July 9 â€” CGS-CIMB Futures Sdn Bhd projects crude palm oil (CPO) price to remain firm at RM3,400 to RM4,000 per tonne in July 2021, amid low global edible oil inventories and workers shortage in Malaysia.

MARKET DEVELOPMENT
09-07-2021

Palm oil falls for third day

Malaysian palm oil futures eased for a third straight session on Thursday, pressured by profit-taking and position-squaring ahead of official data release, but a weaker ringgit and production constraints underpinned prices.

MARKET DEVELOPMENT
09-07-2021

Frenzy in plantation deals on back of palm oil rally

A blistering palm oil rally is stoking a flurry of plantation deals as growers brace for stiffer challenges from environmental and labour risks.

MARKET DEVELOPMENT
09-07-2021

Indonesian 2021 biodiesel exports to remain weak: USDA

The US Department of Agriculture predicts that Indonesian biodiesel exports will remain stifled at just 100mn litres this year as the country concentrates on meeting its ambitious 30pc mixture of renewables in its transport (B30) mandate.

MARKET DEVELOPMENT
09-07-2021

World food prices fall in June for first time in a year - FAO

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday.

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