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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
S. Korea logs trade surplus of over US$60 bln with FTA partners in 2020
The country's exports to FTA partners fell 3.9 percent on-year to $383.1 billion and imports declined 1.3 percent to $323 billion, according to the data compiled by the Korea Customs Service.
Food inflation
The government had to approve the hike in tariff given that this is a critical condition of the International Monetary Fund (IMF) without which a staff level agreement on the second mandatory review would not be possible – an agreement that would in turn allow for the disbursement of the second tranche of the 6 billion dollar Extended Fund Facility programme.
Labour shortage more serious than fall in CPO price
Labour shortage is more detrimental to both estates and smallholders in Malaysia’s oil palm industry than a global price drop, according to a Khazanah Research Institute (KRI) study.
Malaysia files dispute with WTO over EU palm biofuel curbs
Malaysia is in the process of instituting legal action at the global trade watchdog, the World Trade Organization (WTO), against the EU and member states France and Lithuania, in particular, for restricting palm oil-based biofuel production
Indonesia 2020 agriculture exports up 15.8% y/y
Indonesian agricultural exports grew 15.8% in 2020 compared to the year earlier, the country's agriculture minister told parliament on Monday.
Palm oil may rise into 3,348-3,381 ringgit range
Palm oil may break a resistance at 3,300 ringgit per tonne and rise to a range of 3,348-3,381 ringgit, as the fall from the Jan. 6 high of 3,888 ringgit has completed.
Palm extends losses on cheaper rival oils
Malaysian palm oil futures extended losses for a second session on Monday, tracking declines in rival vegetable oils on the Dalian Commodity Exchange and Chicago Board of Trade (CBOT).
Sabah keeps palm oil estates open, orders mass Covid -19 testing
Malaysia's largest palm oil producing state Sabah will not impose a shutdown on plantations despite a rise in coronavirus infections in the sector, but urged estates to tighten its compliance of Covid-19 prevention measures.
German confectionery industry continues to support sustainable palm oil sourcing
The German confectionery industry has reaffirmed its position of supporting ethically monitored production methods across the value chain, including palm oil processing – which is now reportedly 94% certified from sustainable sources, writes Neill Barston
