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MARKET DEVELOPMENT
20-12-2019

MPOB expects palm oil stocks to fall 1.5 - 2m tonnes

KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) expects the countryâ€™s palm oil stocks to finish the year at 2.1 million tonnes or at least remain at the current level of 2.25 million tonnes on continued demand for the edible oil amid a lower-than-expected production.

MARKET DEVELOPMENT
20-12-2019

Malaysia expects palm oil inventory to end year lower

Malaysia expects its palm oil stocks to end the year down at 2.1 million tonnes or remain at the current level of 2.25 million tonnes.

MARKET DEVELOPMENT
20-12-2019

SEA urges govt to hike duty differential on refined palm oil, palmolein imports

Palm oil import has reduced drastically from 2,64,000 tonne in September 2019 to 1,22,000 tonne in November 2019 and also the overall import of palmolein oil has decreased, said BV Mehta, executive director, SEA.

MARKET DEVELOPMENT
20-12-2019

CPO futures edge higher despite cautious market tone

KUALA LUMPUR, Dec 19 â€” The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives inched higher despite a cautious market tone.

MARKET DEVELOPMENT
20-12-2019

Tea companies moot for palm oil production in tea estates, approach ITA

"We have asked the Tea Board to see if we can grow palm in our estates and manufacture palm oil. We need a big area for this", Vivek Goenka, chairman of the ITA, said

MARKET DEVELOPMENT
20-12-2019

Stronger 2H expected for United Malacca on higher palm oil prices

United Malacca Bhd (Dec 19, RM5.38) Maintain sell with an unchanged target price of RM5.32: United Malacca Bhdâ€™s core losses narrowed to RM13.7 million for the second quarter ended Oct 31, 2019 (2QFY20) compared with RM18.5 million for the preceding quarter, thanks to higher fresh fruit bunch (FFB) production and palm oil prices.

MARKET DEVELOPMENT
19-12-2019

Export levy to balance the CPO price rally

THE activation of the export duty for crude palm oil (CPO) purchases after a long suspension is practical as the commodity has been performing progressively since its low point last year, said Singapore-based Palm Oil Analytics owner and co-founder Dr Sathia Varqa.

MARKET DEVELOPMENT
19-12-2019

Malaysian palm oil closes lower

Malaysian palm oil futures ended lower on Wednesday, weighed by weaker rival oils and as a recent rally in palm prices curbed demand for the commodity, although worries over lower stockpiles capped losses. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed down 0.7% at 2,859 ringgit ($685.61). It had fallen as much as 2.5% earlier in the session.

MARKET DEVELOPMENT
19-12-2019

Palm Oil Faces Uphill Battle on Sustainability as Orangutans Fall Victim to Industry

The palm oil industry has a sustainability problem which can be summed up in one word: orangutans. Production of palm oil used in food, cosmetics, soap and other items has surged because it pairs both high yields and versatility. But rainforests in Asia, Africa and Latin America have been cleared for plantations. That has boosted greenhouse gas emissions, obliterated wildlife habitats, curbed biodiversity and encroached on land belonging to indigenous people.

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