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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
MKHOP’s plantations, yields likely to do well
15/04/2024 (The Star), Petaling Jaya - Mercury Securities Research (Mercury Research) likes MKH Oil Palm (East Kalimantan) Bhd (MKHOP) for its plantation acreage’s age profile and superior fresh fruit bunch (FFB) yield, which makes the company a compelling investment play should crude palm oil (CPO) prices remain high.
CPO prices forecast to dip amidst surplus soybean supply
14/04/2024 (New Straits Times), Kuala Lumpur - Plantation stakeholders might witness a retreat in crude palm oil (CPO) prices, dipping to the trading range of RM3,800 to RM4,000 per tonne throughout April and May, attributed to the abundant supply of soybeans from the United States flooding the global market.
Future of the most versatile food oil may lie in Latin America
14/04/2024 (The Edge Malaysia) - The world is facing a growing shortage of its most versatile edible oil. The solution may lie with emerging producers half a world away from Southeast Asia’s vast palm oil plantations.
Olive oil £16 warning to all shoppers as Tesco releases statement
14/04/02024 (Yahoo News) - UK households are being warned that they could be paying up to £16 for a two-litre bottle of olive oil, amid rising grocery and food inflation. This is a significant increase from the £7 that the same bottle cost two years ago.
Olive oil prices in Spain have risen in first quarter of 2024 but there are signs of them stabilising
12/04/2024 (SUR in English) - First it was Spain's non-government organisation for consumer action (Facua-Consumidores en Acción) that warned in a recent study of price hike for extra virgin olive oil (EVOO) in just one year - a year-on-year increase of 72.8% from February 2023 to February 2024. Now the organisation of consumers and users association (OCU) is also flagging up the increasing price trend for this product, which has continued to rise in the first quarter of this year. In the past three years EVOO has experienced a 225% increase in price (from December 2020 to December 2023).
Cooking oil to power bin lorries in bid to cut CO2
09/04/2024 (BBC News) - A Surrey council is set to use cooking oil and waste fat to power its fleet of nearly 80 vehicles, in an effort to tackle climate change.
Dekel Agri-Vision eyes strong first half as palm oil production grows
11/04/2024 (Alliance News) - Dekel Agri-Vision PLC on Thursday said it is on track to deliver strong first half results after it reported a boost in production at its Ayenouan palm oil project in the Ivory Coast.
Sunflower oil import touches record 4.45 lakh tonnes in March: SEA
11/04/2024 (Money Control) - India is the world's largest consumer and importer of edible oils. With the rise in global prices of palm oil, the demand for soft oils -- sunflower and soyabean oil -- has increased in the last two months
St1, SCA Begin Operations at Gothenburg Biorefinery in Sweden
12/04/2024 (Biodiesel Magazine) - A biorefinery in Sweden developed as a joint venture between Nordic energy group St1 and Swedish forest products company SCA on April 10 commenced commercial operations to produce sustainable aviation fuel (SAF), renewable diesel, and biobased naphtha and LPG
