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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
Still cautious on CPO price volatility
Analysts are still cautious on the sustainability of crude palm oil (CPO) prices, having reached a high of RM3,100 per metric tonne (MT) in mid-September 2020, from the year-to-date low of RM2,000 per MT in May 2020 and the highest level since January 2020, but now are settling lower at circa RM2,850 per MT.
Economic challenges
n the last quarter 2019, the government announcement on Pak-China Free-Trade Agreement (FTA) stated that effective January 1, 2020, the new FTA will allow Pakistan a duty-free access to the Chinese market for many textile and apparel categories, including cotton yarns, woven & knitted garments, and home textiles.
Malaysian palm oil rises
Malaysian palm oil futures ended higher on Monday, tracking soyaoil gains and a rebound in oil prices, while a forecast of heavy rains and thunderstorms in the country also aided prices.
Teresa Kok urges US authorities to revisit ‘unreasonable’ FGV palm oil import ban
Seputeh MP Teresa Kok has urged US authorities to reassess the import ban issued against palm oil and palm oil products from FGV Holdings Bhd by dispatching a special investigation team to Malaysia.
US ban on FGV palm oil issue unlikely to be resolved soon, says CGS-CIMB
It is unlikely that the issue relating to the US Customs and Border Protection (CBP) ban on FGV Holdings Bhd’s palm oil to be resolved soon, as it is unclear as to which part of FGV’s labour practices triggered the ban, according to CGS-CIMB Research.
Arunachal inks MOUs with three firms to set up palm oil extraction factories
A detailed discussion was also held on Oil Palm Cultivation, which is central scheme under the National Food Security Mission. Arunachal Chief Minister Pema Khandu stock of all central schemes under implementation in the state with departments of Agriculture, Horticulture, Animal Husbandry & Veterinary and Fisheries.
Bursa Malaysia likely to trade in tight range
Bursa Malaysia is expected to trade within a tight range of 1,495 to 1,505 this week amid mounting concerns over escalating Covid-19 cases that investors fear would slow down global economic recovery and influence the local bourse.
Food companies urge Britain to adopt tougher rules to protect tropical forests
Supermarkets, food manufacturers and restaurant chains under pressure from campaigners over their environmental impact urged Britain on Monday to strengthen a plan to stop tropical forests from being cut down to grow cocoa, palm oil and soy.
CPTPP: Supporting rules-based international order
It has been more than two years since Malaysia and ten other countries signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Seven have already ratified the agreement. Malaysia is among those that have yet to do so
