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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
Exporters: Malaysia signs record rice import deal with India
Malaysia has contracted to import a record 100,000 tonnes of rice from India for shipment this month and next, four industry officials told Reuters, in a further sign of improving trade relations between the countries after a diplomatic spat.
Oil Palm value chain actors hail government
The Oil Palm Development Association of Ghana (OPDAG) Executives and the entire value chain actors of the oil palm sector, have hailed Government’s exemption of palm oil from 50 per cent benchmark value for customs duty assessment.
Canadian canola futures down
Canola was very steady and did not want to move around a lot on what was a quiet trading day in both the canola and soy markets, a trader said.
Liberia's largest palm oil project lays off 10% of workforce
Liberia’s largest palm oil company, Golden Veroleum, has laid off 443 employees, more than 10% of its workforce, due to persistently low prices and the economic fallout from the coronavirus pandemic, a company spokesman said on Saturday.
Malaysia cuts CPO export duty for June
Malaysia has lowered its export duty on crude palm oil to 0% for June from 4.5% in May, the Malaysian Palm Oil Board said yesterday.
CPO futures to trend higher next week
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives would likely trend higher next week on expectations of higher demand from India and China, as Malaysia has lowered its export duty on palm oil to zero per cent for June, the Malaysian Palm Oil Board (MPOB) said.
What COVID-19 teaches us about our biodiesel agenda
After the launch of B20 biodiesel (a mixture of 80 percent petroleum and 20 percent crude palm oil or fatty acid methyl ester), the government had planned on increasing the program to B30 this year, to be followed by B40 in mid-2021 and ambitiously
Oilseed sector braces for high oleic ‘explosion’
Demand for high oleic canola and soybean oil is expected to soar after 2025 because of a seasonal palm oil decline
Palm edged dips on weaker soyoil; stronger crude caps losses
Malaysian palm oil futures edged lower on Thursday after rival soyoil prices declined and as the world's largest palm oil producer Indonesia increased production, but losses were trimmed by higher crude oil prices.
