PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 09 Jun 2023

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Carian Terperinci

Berita Arkib

MARKET DEVELOPMENT  
  09-03-2023

Palm oil to fall to RM3,760 per tonne average in 2023, says analyst Fry

08/03/2023 (The Star Online), Kuala Lumpur - Malaysia benchmark crude palm oil futures will average RM3,760 a tonne in 2023, down from RM4,920 in 2022, pressured by lower gasoil prices, leading analyst James Fry said on Wednesday.

MARKET DEVELOPMENT  
  09-03-2023

MPOB expects palm oil stocks to dip below 2mil tonnes

08/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil stocks could fall below two million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior official told Reuters.

MARKET DEVELOPMENT  
  09-03-2023

Malaysia palm oil stocks could fall below two million tonnes by end April, says official

08/03/2023 (Malay Mail), Kuala Lumpur - Malaysia's palm oil stocks could fall below 2 million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.

MARKET DEVELOPMENT  
  09-03-2023

Asian palm oil buyers seek stable export policies from producers

07/03/2023 (Channel News Asia), Kuala Lumpur - The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.

MARKET DEVELOPMENT  
  09-03-2023

Coordinated approach needed to iron out issues in palm oil industry

08/03/2023 (The Sun Daily), Kuala Lumpur - A palm oil industry player has called for a coordinated approach to deal with the issues in the palm oil industry, including the treatment of foreign labour in Malaysia.

MARKET DEVELOPMENT  
  09-03-2023

Palm oil to trade between RM4,000-RM5,000 a tonne until August- analyst Mistry

08/03/2023 (The Star Online), Kuala Lumpur - Malaysian palm oil is expected to trade between RM4,000 and RM5,000 per tonne from now until August as Indonesia's ambitious biodiesel mandate will keep stocks tight in the first half of 2023, industry analyst Dorab Mistry said on Wednesday.

MARKET DEVELOPMENT  
  09-03-2023

Palm oil may test support of 4,225 ringgit

07/03/2023 (Business Recorder), Singapore - Palm oil may test a support of 4,225 ringgit per tonne, a break below which could trigger a drop into 4,153-4,197 ringgit range. The drop on Monday does not look like the second pullback towards the Jan. 3 high of 4,276 ringgit.

MARKET DEVELOPMENT  
  09-03-2023

BMD on defensive mode

08/03/2023 (The Star Online), Kuala Lumpur - Malaysia’s regulatory officials and its global partners in the East and West sought to highlight and reinforce Bursa Malaysia Derivatives’ (BMD) price-setting and discovery role for crude palm oil (CPO) prices.

MARKET DEVELOPMENT  
  08-03-2023

Palm oil firms must replace old trees or perish, says watchdog

07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil companies must replant their vast hectarage of old, unproductive palm oil trees to overcome stagnant yields and maintain the country’s competitiveness as the world’s second-largest producer, an industry executive said.

MARKET DEVELOPMENT  
  08-03-2023

El Nino may hit palm oil output, warns FGV Holdings

07/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil output in 2023 could be lower than expected if the El Nino weather pattern develops in the second half of the year as forecast by some weather agencies, the country’s biggest palm oil producer FGV Holdings Bhd told Reuters.

MARKET DEVELOPMENT  
  08-03-2023

Malaysia palm oil production, exports expected to rise this year

07/03/2023 (Nikkei Asia) - Crude palm oil production in Malaysia and exports of the commodity are both expected to increase this year, the chairman of the country's stock exchange said on Tuesday, citing an expansion of areas under cultivation and overseas demand.

MARKET DEVELOPMENT  
  08-03-2023

Heavy rainfall, floods to affect Malaysia’s 2023 CPO production, says researcher

06/03/2023 (The Edge Market), Kuala Lumpur - Palm oil production in 2023 is expected to be impacted by the current heavy rainfall and flooding phenomenon in parts of Malaysia, said a researcher at the UOB KayHian Palm Oil Outlook Seminar on Monday (March 6).