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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
Sarawak Plantation an attractive proxy to high CPO price, says HLIB
KUALA LUMPUR (Oct 12): Hong Leong IB Research (HLIB) has valued Sarawak Plantation Bhd (SPB) at RM2.89 and said it anticipates SPB’s earnings expansion to sustain into the next 3 years, underpinned by higher crude oil palm (CPO) prices and fresh fruit bunch (FFB) output (arising from increased harvestable area and more planted area moving to higher yield bracket).
Soybean to trade above minimum support price in coming weeks
On August 10, Soybean November futures at Chicago plunged to 870 cents amid worries of weak oil and oil meal demand, apprehension over a trade deal between the US and China and improved crop prospects in the United States. However, it has since bounced back by nearly 200 cents to reach a multi-year high of 1,069 cents following strong imports by China and improved demand for oil meal from that country.
La Nina, biodiesel to define palm oil price direction
Palm oil analysts forecast prices hinging on biodiesel demand and the severity of the La Nina weather trend towards the end of the year and into 2021.
Palm oil prices to rally in first half of 2021
Palm oil prices are likely to jump in the first half of 2021, three leading industry analysts said in a webinar on Thursday, as La Nina weather pattern is set to hit edible oil supplies amid lower soybean crushing in Argentina and rising sunflower oil prices
Palm oil remains higher
Malaysian palm oil futures rose for a fourth straight day on Thursday as supply concerns due to wider coronavirus curbs and heavy rains provided support, while the market awaits industry outlook.
Oil prices rise amid concerns over supply outages
Oil prices climbed on Thursday as traders grew concerned over production disruptions in the Gulf of Mexico due to Hurricane Delta and in the North Sea due to the strike in the Norwegian oil industry.
Festival of Lights brightens future of palm oil
Palm oil purchases by India, the biggest importer from Malaysia, are likely to climb in October from a three-month low as Deepavali, the Hindu festival of lights, drives up demand for the world’s most-consumed vegetable oil.
Morocco-Turkey FTA: Rabat restores tariffs on 1200 Turkish Products
The Moroccan Government approved on Thursday an amendment of the Morocco-Turkey Free Trade Agreement, increasing tariffs by up to 90 pc on 1200 Turkish goods for a five-year period
Mars achieves 'deforestation-free' palm oil - what about the rest?
Chocolate maker Mars needs to help more palm oil producers become sustainable rather than ditching those that do not meet its standards, environmentalists said, after the confectionery giant announced it had secured “deforestation-free†supplies
