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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
VEGOILS-Palm gains as dry weather stokes global supply concerns
KUALA LUMPUR, June 2 - Malaysian palm oil futures rose on Tuesday after two straight sessions of declines, as dry weather in the United States and Canada crop belts, and reduced crop expectations in South America stoked worries of global edible oil supply.
WTO agrees on panel to relook EU palm oil rules
KUALA LUMPUR: The World Trade Organisation (WTO) agreed to a request from the Malaysian government to establish a panel examining a European Union law that restricts the use of palm oil-based biofuel, Putrajaya said today.
Palm oil falls 2pc as export pace slows, Indonesia taxes weigh
KUALA LUMPUR: Malaysian palm oil futures fell over 2% on Monday as the pace of exports slowed and Indonesia raised its export taxes for June, with a nationwide lockdown in Malaysia further dampening sentiment.
Malaysia’s exports increase to RM106b in April
MALAYSIA’S exports increased by 63% year-on-year (YoY) in April to RM105.6 billion, driven by exports of manufactured goods which were up 65.5% YoY to RM91.6 billion.
Frankly Speaking: Higher CPO prices unable to save FGV
Almost all major plantation companies have been raking in the profits from the record high crude palm oil (CPO) prices. However, FGV Holdings Bhd recorded a loss in the latest quarter.
SEA demands govt to check import of soybean oil via Nepal flouting rules of origin
Edible oil trade body SEA on Monday urged the government to check huge import of soybean oil at zero duty from Nepal flouting rules of origin, saying this may lead to an annual revenue loss of Rs 1,200 crore to the exchequer and hurt domestic refiners.
VEGOILS-Palm oil firms, slow rise in May exports and lockdown hurt demand outlook
KUALA LUMPUR, June 1 (Reuters) - Malaysian palm oil futures inched up on Tuesday, underpinned by concerns over supply of rival edible oils, but a fresh coronavirus lockdown in Malaysia and a slow rise in May exports hurt demand outlook.
India palm oil imports from Thailand spike as price pressures mount: sources
India’s palm oil imports from Thailand in May have increased by almost ten times from a month before as Thai-origin palm oil has become more price-competitive than Indonesian and Malaysian supplies, although by a slim margin.
CPOPC Objects To The Draft Royal Decree Of Belgium
Islamabad- May 31st, 2021: The Council of Palm Oil Producing Countries (CPOPC) expressed its disappointment over the notification of the Kingdom of Belgium to the European Commission which proposed a ban on palm oil as a renewable source of biofuel in the near future. The CPOPC, which comprises of Indonesia and Malaysia, and soon of the countries of Colombia, Ghana, Honduras and Papua New Guinea, reminded Belgium of the key economic and social development role that the palm oil plays in the development of these countries and in meeting the UN SDGs.
