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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
Long road ahead for ethical palm oil in booming Indian market
Demand has fallen off a cliff in India since the prime minister, Narendra Modi, imposed a countrywide lockdown on 24 March to contain the pandemic. That has shuttered restaurants and hotels, major consumers of the oil.
Malaysia MOP imports jump in April
MOP deliveries to Malaysia are accelerating from a slow start to the year, as restocking ramps up after a protracted MOP tender season. But the Covid-19 pandemic has restricted logistics, trade and food supply in Malaysia, and Argus expects a fall in MOP application overall this year, limiting any jump in 2020 imports.
Taken up under National Food Security Mission - Oil Palm
A pilot to extend oil palm cultivation to new districts in the State has taken off with planting of oil palm saplings over 98 acres.
Uptrend in soya continues
Uptrend continued in soya and other oils on strong global cues and increased demand for palm oil. The closure of most of the plants in Madhya Pradesh also added to the uptrend in soya oil. Soya refined Indore (Avi) rose to ₹855 for 10 kg, while soya refined (Vippy & Bajrang) was quoted at ₹852
Sri Lankan shares end higher as financial, consumer stocks rise
Sri Lankan shares closed higher for a fifth straight session on Monday, driven by gains in financial and consumer staples stocks.
Is This The Beginning, Or The End For Palm Oil In China?
At the start of 2020, positive fundamentals shaped the palm oil market. Global demand for the oil was on the upswing, with consumption increasing at more than twice the rate of production.
Thailand trails trans-Pacific partnership critics in communications game
More than half a decade after abandoning the US-led multilateral programme, Trans-Pacific Partnership (TPP), Thailand has finally got back on track to joining the grouping again
Oil edges up on tighter supply, but demand concerns check gains
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.
Pandemic worsens labour shortage in plantations
Shortage of labour is an urgent problem as plantations which produce a perishable crop are starting to see some uptake of palm oil from the two top buyers – India and China.
