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Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO prices seen at RM4,400-RM4,600 on tighter supply
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Digitalisation will create more sustainable smallholders, expedite inclusion in global supply chain
The insertion of smallholders in the global supply chain can be accelerated by digitalisation that enhances sustainability, minimises certification costs and the role of the middleman.
Cooking oil prices trend up in Bangladesh on global supply squeeze
Loose palm oil was being sold at Tk 90 per kg and soybean oil at Tk 100 per kg in the capital's Karwan Bazar kitchen market on Tuesday. Bottled oil retailed at Tk 105 per litre.
Malaysia's Sept exports rise 13.6%, fastest in nearly two years
The jump was the highest since October 2018, when exports had risen 17.7%, and also beat analysts’ expectations of a 5.5% growth in a Reuters poll. In August, exports had fallen 2.9%
Effective approaches to sourcing bakery ingredients abroad
Deciding to source ingredients internationally should be considered from all angles. Bakers should start by mapping their current supply chain, said C. Mark Worthey, corporate director, procurement and supply chain, Lallemand, Inc.
FGV installs its biggest renewable energy biogas power plant in Pahang
FGV Holdings Bhd’s (FGV) recently installed a biogas power plant at its Triang palm oil mill in Bera, Pahang, the company’s biggest renewable energy biogas power plant to date.
Chinese efforts to create divisions in ASEAN: Resilience building up
Notwithstanding Dragon’s assiduous attempts to divide ASEAN in which it succeeded earlier; the signs of resilience in the group are now palpable. Beijing’s dislike for multilateral forums is well known. In the past, it had rejected discussions on the Chinese claims in the South China Sea (SCS) suggesting that the issue is bilateral and therefore multilateral forums like Association of South East Nations (ASEAN) should not take it up
Covid-19 unlikely to yield further severe impact on palm oil demand
KUALA LUMPUR (Oct 27): The Covid-19 pandemic is unlikely to have any further severe impact on the demand for vegetable oil, including palm oil.
Price boost for palm oil
PETALING JAYA: Crude palm oil (CPO) prices are expected to increase on the back of demand recovery from India and China as well as a decline in supply due to a labour shortage.
Indian and Chinese demand for palm oil likely to rise in 2021
KUALA LUMPUR (Oct 27): Palm oil demand from India and China is expected to grow in 2021, said CGS-CIMB head of research and regional head of agribusiness Ivy Ng.
