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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
Crude palm oil on a downward trend in spot market
Crude palm oil (CPO) prices have been on a decline in the spot market for the past 15 days. According to MCX data, the price of CPO, which was at ₹811.30 for a 10-kg unit in the spot market on September 21, came down to ₹777.90 on October 1, and traded at ₹773.30 on October 7.
Argentinian soybean crushing industry struggling, beans hoarding persists: analyst
Argentinian soybean crushing industry has been operating well below its potential due to the currency crisis, Thomas Mielke, executive director of Hamburg-based forecaster Oil World, said at the Globoil India webinar Oct. 8.
Oil palm getting popular in coastal districts
Vijayawada: With high returns and growing demand for the palm oil in the domestic and international market, oil palm cultivated area doubled in coastal districts of Andhra Pradesh during the last 10 years.
India may first ink a preferential trade agreement with EU: Piyush Goyal
India also feels the flexibility shown by it in further opening up to foreign investments in dozens of sectors in recent years should be considered positively by the EU
VEGOILS-Palm firms on lower output outlook; weak crude, soyoil cap gains
Malaysian palm oil futures firmed on Wednesday on lower production outlook amid wet weather and tightening coronavirus restrictions, but weaker crude and soyoil capped gains
Malaysian palm oil at a crossroads
Malaysia’s freeze on cross-border hiring in response to Covid-19 has left oil palm estates grappling with a lack of hands during their peak harvesting season, and at a potential turning point in the industry’s labour dynamics.
CPO target price raised by RM200, thanks to better growth
The target price for crude palm oil (CPO) has been revised upward to RM2,500 per tonne for this year and RM2,600 per tonne for next year, according to Kenanga Investment Bank Research, an increase of RM200 in both cases.
Indonesia’s food estate programme to expand new plantations in forest frontiers
To expand the project into North Sumatra and Papua, the government is seeking out private investors, but activists say this risks a repeat of the current corporate takeover of Indigenous and community lands
Fitch: La Nina to boost FFB, CPO production in 2021
CPO price is anticipated to average at RM2,520 per tonne or higher for the remainder of 2020 and drop to RM2,352 per tonne in 2021
