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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
U.S. agricultural futures rise
The most active corn contract for March delivery soared 20.75 cents, or 4.06 percent, to settle at 5.3225 U.S. dollars per bushel. March wheat climbed 16.75 cents, or 2.58 percent, to settle at 6.6525 dollars per bushel. March soybean gained 26.75 cents, or 1.99 percent, to close at 13.7025 dollars per bushel
Organised smallholders achieved full MSPO certification by end-2020 — MPOB
The implementation of Malaysian Sustainable Palm Oil (MSPO) certification for organised smallholders had been fully achieved by the end of 2020, the Malaysian Palm Oil Board (MPOB) said.
Palm oil neutral in 3,221-3,300 ringgit range
Palm oil looks neutral in a range of 3,221-3,300 ringgit per tonne, and an escape could suggest a direction.
Palm oil valuing $1.111bn, soyabean $48.309mn imported in 6 months
Imports of edible oil including soyabean and palm into the country during first half of current financial year grew by 18.36 percent and 31.98 percent respectively as compared to the imports of corresponding period of last year.
Palm oil rebounds on stronger rival oils; falling exports cap gains
Malaysian palm oil futures rebounded to gain 1% on Tuesday after two consecutive sessions of losses, tracking strength in rival oils in China and the United States, although a drop in exports capped further gains.
Ghana to become regional top performer in palm oil production
Ghana’s palm oil production will increase by an average of 4.4% year-on-year from 2021 to 2025, with the growth rate increasing at the end of that period.
Palm oil extends drop toward November low as demand outlook dims
Palm oil is heading for its lowest close in almost three months as traders assess mounting concern about the strength of demand against a voluntary lockdown in Malaysia’s top producing state.
Palm oil demands fair game
As the top two biggest producers, Indonesia and Malaysia, which contribute 87 per cent of the global palm oil supply, thus creating a duopoly market, strive to meet the growing global demand, but obstacles in the form of insufficient supply, volatility in crude palm oil (CPO) price and labour shortage still remain for Malaysia.
Cut in world edible oil prices: Ministry told to pass on benefit to consumers
The minister stated this during the weekly meeting of the National Price Monitoring Committee (NPMC) met to review the price trend of essential commodities especially wheat, sugar and edible oil during the week.
