PALM NEWS MALAYSIAN PALM OIL BOARD Monday, 25 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  17-10-2023

Indonesian futures-based CPO price plans 1Q 2024 debut

16/10/2023 (Argus Media) - Indonesia's crude palm oil (CPO) reference price based on futures is expected to be ready by next year's first quarter, according to commodity futures trading regulator Bappebti.

MARKET DEVELOPMENT  
  17-10-2023

MPOPC’s BizMatch programme to boost collabrations between African, Malaysian Exporters

16/10/2023 (The Sun Daily), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) Business Matching (BizMatch) programme will be instrumental in cultivating partnerships and collaborations between African delegates and Malaysian palm oil exporters.

MARKET DEVELOPMENT  
  17-10-2023

VEGOILS-Palm oil range-bound; weak ringgit and rising exports extend support

16/10/2023 (Nasdaq) - Malaysian palm oil futures eased on Monday in range trading but hovered near a two-week high hit in the previous session as a weaker ringgit and higher exports underpinned the contract.

LOCAL  
  16-10-2023

Palm oil association says 2024 Budget left out two critical requests

Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is disappointed that the 2024 Budget has ommitted two critical requests which would have acted as key enablers for the industry's growth.

LOCAL  
  16-10-2023

MPOA disappointed as Budget wish list unfulfilled

Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has expressed disappointment that its "carefully outlined" wish list for Budget 2024 did not make it into the government’s budgetary priorities.

WORLD  
  16-10-2023

Indonesia has officially established a crude palm oil (CPO) exchange

Jakarta - Indonesia: Indonesia has launched a crude palm oil exchange that aims to make Indonesia the global determinant of palm oil prices, said Trade Minister Zulkifli Hasan, reported the Antara news agency.

LOCAL  
  16-10-2023

2024 Budget: Government allocates RM100 million incentives for Palm Oil replanting programme

Kuala Lumpur - The government will provide incentives for the Palm Oil Replanting Programme with an allocation of RM100 million to mitigate potential productivity issues in the production of fresh fruit bunches.

MARKET DEVELOPMENT  
  16-10-2023

Malaysia expects average palm oil price of 4,000-4,500 ringgit/ton in 2024

Malaysia expects the price of crude palm oil (CPO) to average between 4,000 ringgit ($848.36) to 4,500 ringgit per metric ton in 2024, the government said on Friday.

WORLD  
  16-10-2023

India's Sept palm oil imports drop 26% m-o-m on higher stocks

Mumbai - India's palm oil imports in September fell 26% from the previous month to 834,797 metric tonnes, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday.

MARKET DEVELOPMENT  
  13-10-2023

VEGOILS-Palm oil rises as Indonesia keeps exports flexible

12/10/2023 (Nasdaq), Mumbai - Malaysian palm oil futures rose in early trade on Thursday after top producer Indonesia clarified that it will not make exports mandatory via a new exchange.

MARKET DEVELOPMENT  
  13-10-2023

POSCO International, GS Caltex to build palm oil refinery in Indonesia

12/10/2023 (The Korea Economic Daily) - South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility in Indonesia.

MARKET DEVELOPMENT  
  13-10-2023

Indonesia's Export Flexibility Boosts Malaysian Palm Oil Futures

12/10/2023 (Investing.com) - Malaysian palm oil futures surged 0.99% as Indonesia clarified it won't mandate exports through its new exchange. Anticipated aggressive sales subsided, supporting prices. However, global palm oil faces challenges from a flood of cheap sunflower oil, impacting prices and driving a notable rise in Malaysian exports.