PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 25 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  18-01-2024

VEGOILS-Palm falls tracking weaker rival oils

17/01/2024 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday as weakness in rival vegetable oils in the Dalian and Chicago futures markets weighed on sentiment.

MARKET DEVELOPMENT  
  18-01-2024

New game theory model taps power of cooperation to promote sustainable palm oil production in Indonesia

17/01/2024 (PHYS Org) - "Tropical forests are a critical resource," says Xavier Warnes, Ph.D. '21, a postdoctoral researcher at Stanford Graduate School of Business. "They store huge amounts of carbon, they affect weather patterns and water systems, and they contain around 80% of the world's biodiversity."

MARKET DEVELOPMENT  
  18-01-2024

Godrej to setup India’s largest palm oil manufacturing unit in Khammam

18/01/2024 (Newstap), Hyderabad - In a significant development at the World Economic Forum in Davos, Telangana Chief Minister A Revanth Reddy held a crucial meeting with Nadir Godrej, chairman and MD of Godrej Industries Ltd.

MARKET DEVELOPMENT  
  18-01-2024

Consumers told beware of online cooking oil scams

17/01/2024 (Daily Express), Petaling Jaya - The domestic trade and cost of living ministry has urged consumers to be wary of scammers selling cooking oil packaged in 1kg polybags online.

MARKET DEVELOPMENT  
  18-01-2024

How fig trees could revolutionise reforestation and tourism in Borneo

17/01/2024 (China Dialogue) - For the past 12 years, Malaysian wildlife veterinarian Zainal Zainuddin has been quietly developing the world’s largest collection of living fig trees. Spread over three one-hectare sites in Sabah, northern Malaysian Borneo, it includes more than a thousand plants of 87 Ficus species. There are strangler figs, climbers – with figs bigger than tennis balls – and trees that produce figs on their trunks, or even on underground runners.

MARKET DEVELOPMENT  
  17-01-2024

Palm Oil Ends Lower, Breaking Seven-Consecutive Sessions of Gains

On Monday, Malaysian Palm Oil futures faced a downturn, bringing an end to a seven-session winning streak, as concerns about demand in crucial markets exerted downward pressure. Nonetheless, a reduction in producing Palm Oil played a mitigating role in limiting the extent of the losses.

MARKET DEVELOPMENT  
  17-01-2024

VEGOILS-Palm oil gains as India extends lower duty on edible oil imports

KUALA LUMPUR, Jan 16 (Reuters) - Malaysian palm oil futures rose on Tuesday, driven by top importer India's move to allow edible oil imports at a concessional duty for one more year.

WORLD  
  17-01-2024

China’s Q1 soybean imports seen slowing to four-year low as pig herds shrink

China’s once-soaring soybean demand will slow by about a fifth in the first quarter from a year earlier after record slaughter shrank pig herds, pressuring prices ahead of an expected glut of South American beans, analysts and traders said.

WORLD  
  17-01-2024

India to allow edible oil imports at lower duty until March 2025

MUMBAI, Jan 16 (Reuters) - India will extend edible oil imports at a lower duty by another year until March 2025, the government said in a notification issued late on Monday, as the world's biggest vegetable oil importer moves to contain local prices.

LOCAL  
  17-01-2024

In Sarawak, Dayak oil palm planters say willing to pay for NCR land surveys to speed up process

MIRI, Jan 16 — Sarawak Dayak Oil Palm Planters Association (Doppa) members say they are willing to pay for Native Customary Rights (NCR) land surveys to expedite the state government’s efforts and enable the early issuance of perpetuity land titles.

MARKET DEVELOPMENT  
  16-01-2024

Wilmar unit denies involvement in alleged China palm oil fraud

16/01/2024 (New Straits Times) - Singapore's Wilmar International said on Tuesday its Chinese unit Yihai Kerry Arawana Holdings had denied involvement in an alleged China palm oil fraud.

MARKET DEVELOPMENT  
  16-01-2024

OCBC Research revises 2024 CPO price to average RM3,650 per tonne

15/01/2024 (The Star Online), Kuala Lumpur - OCBC Global Markets Research has revised its 2024 crude palm oil (CPO) prices to average RM3,650 per tonne up from the previous estimate of RM3,400.