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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
Higher palm oil prices seen if La Niña extends into first half of next year
KUALA LUMPUR (Oct 27): Higher palm oil prices could be on the cards if a more severe La Niña weather pattern continues into the first half of 2021 (1H21).
Lower production in Oct-Nov may push up CPO futures prices, says Palm Oil Analytics
KUALA LUMPUR, Oct 27 — The crude palm oil (CPO) futures are likely to stay supported at RM2,800-RM2,900 per tonne and can go back to the RM3,000 level if production is lower in October and November, according to Singapore-based Palm Oil Analytics’ owner and co-founder, Sathia Varqa.
Pandemic Progress Check: Asian Palm Oil
Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings’ earlier expectations, due mainly to a slower-than-expected recovery in yields.
Strong 1H and Robust Prices Mitigate Risk in 2020 for Asian Palm Oil
Fitch Ratings-Singapore/Jakarta-27 October 2020: Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings' earlier expectations, due mainly to a slower-than-expected recovery in yields. This should result in higher EBITDA and lower leverage for rated companies. We now assume benchmark CPO prices to average around USD600/tonne(t) in 2020 (2019: USD514/t), compared with our earlier forecast of USD520/t.
CPO prices exceed RM3,000 per tonne, highest in 2020
KUALA LUMPUR (Oct 27): Malaysia's crude palm oil (CPO) prices have shown a significant uptrend at above the RM3,000 per tonne level, the highest level in 2020, driven by high global demand from major buyers including India and China.
Syed Mokhtar makes his move on FGV
AFTER at least three years of speculation, Tan Sri Syed Mokhtar Albukhary has finally made his move on FGV Holdings Bhd.
Palm oil prices to remain supported into 2021: Fitch Solutions
PETALING JAYA: Palm oil prices are expected to remain relatively elevated in the coming months, before averaging slightly lower than current prices over the rest of the year, according to Fitch Solutions.
Chinese biodiesel exports hit record high in September
Chinese biodiesel exports hit an all-time high of 119,000t in September, narrowly beating the previous record of 113,000t set in April, according to Global Trade Tracker.
KERNEL CUTS SALES OF SUNFLOWER OIL
Kernel, one of the largest Ukrainian agrarian groups, in the first quarter of 2021 fiscal year (FY), which began in July 2020, reduced sales of sunflower oil by 2% compared to the same period last FY, to 296,240 tonnes.
