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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
VEGOILS-Palm oil climbs to near one-month high on stronger soyoil, crude
KUALA LUMPUR, Sept 1 - Malaysian palm oil futures rose to their highest level in nearly a month on Tuesday and are set to extend a three-day winning streak, tracking higher rival soy oil and crude prices.
Ministry aims to finish 1,000-hour B40 biodiesel road test this year
Indonesia plans to complete two key tests for its domestically produced palm oil-based biodiesel by November this year, as the world’s top palm oil producing country prepares to move ahead with the 40 percent biodiesel blend (B40).
India seeks stronger rules of origin as it urges ASEAN for FTA review
India has pitched for stronger provisions in the rules of origin, removal of non-tariff barriers and better market access in the existing existing Free-Trade agreement (FTA) with the the Association of Southeast Asian Nations (ASEAN), arguing the changes should kick off sooner rather than later.
Palm oil remains higher
JAKARTA: Malaysian palm oil futures gained for a third straight session on Friday after soyaoils rose and palm demand showed signs of improvement, helping the vegetable oil to post its first weekly gain in three weeks. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 2.2% at 2,741 ringgit ($656.84) a tonne by the close of trade, posting its best daily gain in more than a month.
ASEAN ministers to strengthen regional supply chains, trade digitalization
ASEAN economic ministers are committed to strengthening regional supply chains and improve trade digitalization to spur trade and investments, as well as cushion the impact of the ongoing health crisis, according to Indonesian Trade Minister Agus Suparmanto
Making palm oil attractive again
To avoid collateral damage, the domestic industry has adopted the Indian Palm Oil Sustainability Framework in association with an NGO. This is similar to the best practices adopted by the Roundtable on Sustainable Palm Oil (RSPO), which has oil producers, processors, traders, industrial users, banks and NGOs as members. Currently, about 15% of palm oil production meets this standard.
80% of Indonesian Rainforest Vulnerable to Palm Oil Destruction Is Unprotected
More than 80 per cent of the Indonesian rainforest, mangroves and peatlands most vulnerable to being cleared for palm oil production is completely unprotected by the country’s Forest Moratorium, according to new research.
Coconut and palm oil industries at loggerheads over environmental impact
The palm oil industry has received international negative attention, including consumer boycotts, in recent years for clearing biodiversity-rich tropical rainforests in Southeast Asia in its production process.
Palm oil rises tracking rivals, demand concerns loom
Malaysian palm oil futures climbed for a second straight session on Thursday as rival oils rose, although concerns of weak demand capped gains.
