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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
Chinese foreign minister begins Southeast Asian tour in Cambodia, sign FTA
China and Cambodia signed a free trade agreement on Monday as China's foreign minister visited Phnom Penh as part of a four-nation Southeast Asian tour.
CPO stocks up 0.4% in September, says MPOB
KUALA LUMPUR (Oct 12): Malaysia's crude palm oil (CPO) stocks increased by 0.4% to 934,710 tonnes in September from 930,990 tonnes in the preceding month, the Malaysian Palm Oil Board (MPOB) said in its report on the industry’s performance for the month of September.
Many Lankan oil palm companies seeking sustainability certification – POIA
Congratulates Watawala Plantations for becoming first cultivator in South Asia to be awarded RSPO certification Sri Lankan Companies cultivating oil palm or processing palm oil are committed to achieving certification of their sustainability practices, similar to the Roundtable on Sustainable Palm Oil (RSPO) certification obtained by Watawala Plantations PLC, the Palm Oil Industry Association (POIA) said this week.
Excessive rains, pest attack trims Indian soybean crop - trade body
MUMBAI, Oct 12 - India is likely to produce 10.46 million tonnes of soybean in 2020, nearly 15% lower than the previous estimate, as excessive rainfall during harvesting and pest diseases hit the oilseed, a leading trade body said in a statement.
Soybean prices close 31¢ lower Monday
On Monday, the CME Group’s soybean complex drops sharply. At the close, the Dec. corn futures closed 6¢ lower at $3.89. March corn futures ended 5½¢ lower at $3.96½. Nov. soybean futures settled 31¾¢ lower at $10.33¼. January soybean futures ended 29¢ lower at $10.36½. Dec. wheat futures closed ½¢ higher at $5.94¼.
MPOA: Palm oil industry's reputation a top concern for Malaysia
KUALA LUMPUR (Oct 11): While the export of Malaysian palm oil to the United States is of an insignificant amount, the effect from the US' move to ban FGV Holdings Bhd's palm oil and palm oil products on the industry's reputation is of concern to Malaysia.
CPO price to recover in 2021, boosted by La Niña
KUALA LUMPUR: Market observers are mostly optimistic on the palm oil sector's outlook in 2021 and with pessimism stance on crude palm oil (CPO) forecast price at RM2,500 per tonne in 2020.
Malaysian businesses encouraged to explore Ukraine for new buyers
KUALA LUMPUR: Malaysian companies should explore emerging markets such as Ukraine in finding new buyers, International Trade and Industry (MITI) deputy minister Datuk Lim Ban Hong said in his speech at a webinar titled Malaysia-Ukraine: New Markets New Opportunities (Post COVID-19).
Palm oil logs nearly 8 percent weekly rise
KUALA LUMPUR: Malaysian palm oil futures on Friday rose 7.6% for the week, ending two weeks of losses, on expectations of higher October exports ahead of the Diwali festival in India, and as heavy rains and widening coronavirus restrictions raised output concerns.
