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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
Sabah mulls setting up state palm oil board to solve industry woes
Sabah will study establishing a state palm oil board to better manage the development of one of its main commodities and income earners.
SEA seeks level-playing field for palm oil exporter-importer
The Solvent Extractors’ Association (SEA) of India has urged the Centre to include proper proviso in ASEAN agreement to restrict/regulate the imposition of export duty by the palm oil exporting country. SEA feels that this will ensure a level-playing field for both the countries that export and import palm oil.
Indonesia’s biofuel bid threatens more deforestation for oil palm plantations
An Indonesian government program to phase out diesel for an alternative made from palm oil could spur massive deforestation for palm plantations spanning an area a fifth the size of Borneo
Sabah govt to look into formation of state palm oil board, says Deputy CM
The Sabah government is looking into the formation of a state palm oil board, considering the sector’s role in driving economic activities in the state.
Palm oil may retest resistance at 3,474 ringgit
Palm oil may retest a resistance at 3,474 ringgit per tonne, a break above which could lead to a gain into the 3,504-3,552 ringgit range.
Palm oil snaps 3-day rally, higher exports limit losses
Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market
Malaysia’s economic indicators point to recovery
Malaysia’s economic recovery is measured through the encouraging indicators from the retail, tourism and commodity industries, says Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup.
OILSEEDS PRICES
OILSEEDS PRICES:- OILS (per 10 Kgs)- G.Nut Raw 1400.00 Kardi Expeller - Sesame Expeller - Sunflower Exp. 1230.00 Sunflower Exp.Ref. 1265.00 Cottonseed(Refined) 1075.00 Refined Palm Oil 1006.00
Banaspati ghee, cooking oil prices may shoot up
The constant increase in global prices of palm oil and higher duties and taxes structure on import of edible oil may result in higher prices of banaspati ghee and cooking oil in the coming months.
