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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
INDONESIA NEEDS TO BUILD GLOBAL SUPPORT FOR PALM OIL: MINISTRY
17/12/2020 (Antara News Online) – Jakarta: Indonesia needs to build support in the global market to tackle the negative sentiment in the European Union for its palm oil, an official from the Coordinating Ministry for Economic Affairs has said.
PALM OIL PUNCHES THROUGH RM3,500 TO HIGHEST IN 8 YEARS
17/12/2020 (The Star Online) – NEW DELHI: Palm oil burst through RM3,500 a tonne to the strongest level in more than eight years on optimism that rising exports from Malaysia will deplete the country’s stockpiles and that stronger prices for rival soybean oil will increase the appeal of palm oil.
VEGETABLE OIL IMPORT DOWN BY 2% IN NOVEMBER
15/12/2020 (The Hindu Business Line) - Import of vegetable oils decreased by 2 per cent during November this year compared with November 2019.
‘PALM OIL ALTERNATIVES WORSE FOR THE ENVIRONMENT’
17/12/2020 (Sci Dev Net) - [NEW DELHI] While palm oil is associated with deforestation and biodiversity loss, replacing it with other vegetable oil crops could prove worse for the environment, says a new study.
FAO WORLD OILSEED INDICATOR STRONG IN 2020
17/12/2020 (MECARDO Online) - The FAO publishes a set of indices monthly that track the collective fortunes of the global oilseed complex and its derived products. The indexes cover oilseeds, feed oil meal, and vegetable oil markets, across the key crops grown across the world ranging from soybeans, rapeseed and sunseed to the more niche products in the complex like coconut, groundnuts and flaxseed. The indexes are based on pricing delivered into the EU, which is an important market for Australian Canola. Since September, the FAO indexes have leaped 16-24%, with veg oils booking a 15% rise in November alone.
FARM MINISTRY TO SEND 50-BLN-RUPEE/YR EDIBLE OIL BUDGET PLAN TO FINANCE MINISTRY
16/12/2020 (COGENCIS ONLINE) - NEW DELHI: Within a week, the farm ministry will send a Budget proposal for its flagship National Mission on Edible Oils of 50 bln rupees a year to the finance ministry, a senior government official told Cogencis. Earlier, the proposal was for 100 bln rupees.
INDONESIA MAY LOWER 2021 BIODIESEL ALLOCATION TO 8.5 MLN KL
16/12/2020 (REUTERS) – JAKARTA: Indonesia, the world's top palm oil maker, may lower its palm oil biofuel allocation for 2021 as the government adopted a more cautious fuel consumption outlook next year, an official at the National Energy Council said on Wednesday.
PALM OIL SUPPLY CHAIN NEEDS TO EVOLVE AMID NEW MARKET POTENTIAL — MPOB
The increasing world population and demand opens up vast potential for palm oil suppliers to explore new markets, but some areas need to be improved to smoothen the whole supply chain and better facilitate purchases by countries or companies.
CENTRAL ASIA AND AFRICA THE GROWTH AREAS FOR OUR PALM OIL PRODUCERS
PETALING JAYA: Central Asia and sub-Saharan Africa represent key growth areas for the expansion of palm oil businesses, as both offer unique opportunities for local players and investors, say palm oil experts.
