Berita Arkib

Malaysian palm oil futures climbed on Wednesday for a third straight session, supported by strength in rival vegetable oils, a weaker ringgit and expectations of lower production.

Kuala Lumpur Kepong Bhd (KLK) is keeping a cautiously optimistic outlook depending on the price projections for crude palm oil (CPO).

Boustead Plantations Bhd (BPlant) aims to cut cost, boost productivity through mechanisation, and replant less productive oil palm stands to counter potential risks in the palm oil market.

The Roundtable on Sustainable Palm Oil (RSPO) marked a special milestone at its Annual Roundtable conference (RT2023), to reflect on nearly two decades of impact made possible via the collaborative efforts of its members and partners.

21/11/2023 (New Straits Times), Kuala Lumpur - As the European Union (EU) deforestation rule (EUDR) approaches its December 2024 compliance deadline, all hands must be on deck to ensure that palm oil products may continue to enter the EU market after the rule takes effect, said RHB Investment Bank Bhd (RHB IB).

21/11/2023 (The Edge Malaysia), Kuala Lumpur - Fitch Ratings expects average crude palm oil (CPO) prices to be significantly lower in 2024, based on expectations of a higher output of palm and other vegetable oils, due mainly to favourable weather conditions amidst a transition in global weather patterns.

21/11/2023 (Jakarta Globe) - Jakarta. Indonesian palm oil exports to China and India are facing a decline, according to data from the industry association released on Tuesday.

21/11/2023 (Channel News Asia), Jakarta - The Roundtable on Sustainable Palm Oil (RSPO) said on Tuesday it is developing a new system to trace the origin and environmental credentials of the commodity in response to demands by global buyers for proof of sustainability beyond certification.

21/11/2023 (The New India Express), New Delhi - Edible oil industry body SEA has expressed concern that the rise in imports of refined palm oil is affecting domestic refiners and demanded that the government should increase the duty differential between crude and refined palm oil to 15 per cent from 7.5 per cent to check inward shipments.

21/11/2023 (Nasdaq), Singapore - Malaysian palm oil futures rose for a second session on Tuesday, buoyed by low production and signs of an increase in Chinese soy demand, although easing exports capped the gains.

Malaysian palm oil futures traded higher on Wednesday, extending gains for a third consecutive session, supported by the strength in Chicago and Dalian rival oils.

Speculators ramped up their enthusiasm for Chicago soybeans and soymeal last week as crop concerns for Brazil and a tight U.S. meal market have been raiding the headlines.