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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Planters’ 4Q23 earnings forecast to decline
08/02/2024 (The Star Online), Petaling Jaya - The earnings of plantations companies will be on the back foot for the final quarter of 2023 (4Q23) due to weaker crude palm oil (CPO) prices during the period.
India’s January palm oil imports hit 3-month low
05/02/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports fell to a three-month low in January, as refiners increased buying of rival soyoil due to negative refining margins for crude palm oil (CPO), five dealers told Reuters on Monday.
PREVIEW-Malaysia palm oil stocks likely fell three straight months to end-January
05/02/2024 (Nasdaq), Jakarta - Malaysia's palm oil stocks likely fell for three straight months to the end of January, in line with seasonal low production in the world's second biggest palm oil producer, a Reuters survey showed on Monday.
Palm oil closes higher on output concerns
06/02/2024 (Hellenic Shipping News) - Malaysian palm oil futures reversed early losses and snapped a four-session losing streak to close higher on Monday, with concerns of lower January output and a weaker ringgit underpinning the market.
Why economists get their forecasts wrong?
05/02/2024 (The Jakarta Post) - Economists are taking flak after missing the mark on inflation, failing to anticipate disruptions in global supply chains and forecasting a recession that has not materialised.
Biofuels Center Plate at Bacon Brunch
05/02/2024 (Brown Field) - Indiana agricultural organizations prioritized the need for a state biofuel tax incentive during Monday’s Bacon Bar and Brunch with lawmakers at the statehouse.
Ramadan supplies ample, yet no hope for price fall
04/02/2024 - (The Business Standard) - Global commodity prices have fallen and traders have also built good stocks of sugar, dates, edible oil, pulses, chickpeas and onions for Ramadan market, but there is no good news for local consumers. Prices are unlikely to decrease as traders argue the dollar crisis and the Red Sea conflict have made their imports costlier.
Exports hit an all-time high at $5.72b in January
04/02/2024 (The Business Standard) - Bangladesh's merchandise export earnings reached $5.72 billion in January, highest in a single month so far, bringing another good news on the external sector in the first week of this month after monthly remittance hit seven-month peak.
FAO: Food price index down again in January
05/02/2024 (Business Mirror) - The benchmark for world food commodity prices fell further in January, albeit slightly, led by decreases in the prices of cereals and meat, which more than offset an increase in the sugar prices, the Food and Agriculture Organization of the United Nations (FAO) said Friday.
