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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Malaysia’s business, trade activities to pick up in 2H
The research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) recapped that Malaysia’s total trade grew at slower pace of 13 per cent year on year (y-o-y) in July 2021, attributable mainly to weaker exports.
MPOB: Palm oil industry remains resilient under MCO
Malaysia’s oil palm industry remains resilient during the movement control order (MCO) and the National Recovery Plan (NRP) currently being implemented nationwide as the agriculture sector continues to be one the main contributors to the country’s Gross Domestic Product (GDP) growth during the Covid-19 pandemic.
Palm oil falls
Malaysian palm oil futures fell more than 1% on Friday, weighed by weaker Dalian and Chicago soyoil prices, although the contract posted a weekly gain helped by concerns around tight global edible oil supplies.
CPO futures to see technical correction with downside bias next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to see technical correction but on a downside bias in the upcoming holiday-shortened trading week.
Indonesia Sept crude palm oil export reference price, export tax set higher
Indonesia set its crude palm oil (CPO) export reference price 13% higher in September, Musdhalifah Machmud, the deputy minister for food and agriculture, told Reuters on Friday.
Food import bill up 22pc in fiscal year’s first month
Pakistan’s food import bill grew by 22.24 per cent to $647.036 million in July compared to $529.311m of the first month of last financial year, according to the data released by the Pakistan Bureau of Statistics (PBS) on Thursday.
Palm oil closes at over one-week high on global supply worries
Malaysian palm oil futures closed at a more than one-week high on Thursday due to concerns over tight edible oil supply worldwide, though weak August exports and a firmer ringgit capped gains.
Indonesia's B40 biodiesel plan faces new delay due to palm price
JAKARTA (Aug 26): Indonesia's plans to raise the mandatory bio-content in its palm oil-based biodiesel to 40% may face further delays, after the high price of the vegetable oil has made the programme too costly, a senior government official told Reuters.
Sarawak Oil Palms' 2Q net profit up 156% on higher palm products prices
KUALA LUMPUR (Aug 26): Sarawak Oil Palms Bhd (SOPB) reported a 156.43% surge in its second quarter net profit to RM98.32 million, from RM38.34 million a year earlier, thanks to higher palm products prices.
