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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
MPOB formulates palm oil-based margarine for refrigeration, non-refrigeration
KUALA LUMPUR (Oct 26): A group of researchers at the Malaysian Palm Oil Board (MPOB) has successfully formulated margarine with palm oil-based structural fats suitable for refrigeration and non-refrigeration.
VEGOILS-Palm oil jumps 1.8%, tracking gains in rival oils
SINGAPORE, Oct 26 - Malaysian palm oil futures jumped 1.8% on Monday to one-and-a-half-week high, tracking gains in rival oils on the Dalian Commodity Exchange and the Chicago Board of Trade.
SOYBEAN MARKET REVERSES, CLOSES HIGHER MONDAY
On Monday, the CME Group’s farm markets close mostly lower. At the close, the Dec. corn futures finished 1½¢ lower at $4.17½. March corn futures ended 1¾¢ lower at $4.18½.
Fitch Solutions raises 2020 palm oil price forecast to RM2,580
KUALA LUMPUR (Oct 27): Fitch Solutions has revised up its 2020 palm oil price forecast to RM2,580 per tonne, from RM2,450 previously, as global palm oil production decreased and palm oil import demand from India and China recovered strongly.
VEGOILS-Palm oil drops 1% on profit taking
SINGAPORE, Oct 27 - Malaysian palm oil futures fell on Tuesday as traders booked profits after prices hit a one-month high in the previous session, although losses were limited by more expensive rival oils elsewhere.
Biodiesel – new fuels, new challenges
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions from ships is to use biofuels or biofuel blends. Biofuels have very low sulphur levels and low CO2 emissions, as such they are a technically viable solution in meeting some of the current and future emission requirements. However, their NOx emissions might be higher than with fossil diesel oils and another immediate challenge is that the shipping sector still have limited knowledge on handling and applying biofuels as part of their fuel supply.
China and India demand boosts palm oil price despite EU pressure
TOKYO/JAKARTA -- Palm oil prices are rising, due to recovering demand from China and India and labor shortages in producing countries as a result of the coronavirus pandemic.
We’ll pay for quarantine so long as we get our workers back, says palm oil body
KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) said oil palm plantation owners are willing to absorb all Covid-19 quarantine charges imposed by the government to overcome the current labour shortage, which is causing a 25% loss in palm oil yield.
Enormous revenue setback for Sabah’s oil palm sector with new SOPs: MEOA
KUALA LUMPUR: With crude palm oil (CPO) price currently trading around RM3,000 per tonne, Sabah stands to potentially lose RM900 million per month in revenue following the enforcement of new standard operating procedures (SOPs) to curb the Covid-19 pandemic surge.
