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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
Covid-19 impact on ops limited, palm oil demand set to continue, says Sime Darby Plantation
KUALA LUMPUR (May 4): The potential impact of Covid-19 on Sime Darby Plantation Bhd’s business has been limited at this point of time, said its chairman.
Indonesia's farms, plantations to face 'drier than usual' dry season
JAKARTA (Reuters) - Indonesia will likely face a “drier than usual†dry season in key agricultural regions this year, President Jokowi Widodo said on Tuesday, adding that measures must be put in place to ensure food security and price stability.
VEGOILS-Palm oil firms on stronger crude, higher inventory outlook caps gains
KUALA LUMPUR, May 5 (Reuters) - Malaysian palm oil futures on Tuesday rose off nine-month lows hit in the previous session as crude prices jumped, although gains were limited by forecasts for higher April inventory.
Feature: Argentina's soybean crushing industry faces challenges
New Delhi — Argentina's soybean crushing industry can expect sluggish exports in the new marketing season that started in April, led by a series of supply-side bottlenecks that have impacted production, logistics and export prospects of the world's largest soybean products supplier.
MPOB commercialisation of palm oil technologies hits RM3b
KUALA LUMPUR, May 1 — About 30.4 per cent of the Malaysian palm oil technologies has so far been commercialised with a market value of RM3 billion, benefiting the industry in all sectors.
Local palm oil industry ready to support Govt. domestic agriculture drive: POIA
Sri Lanka’s oil palm cultivators can provide tangible support to the Government’s efforts to promote local agriculture and import substitution as a response to the impact of the COVID-19 pandemic on the national economy, the sector’s apex industry association has said.
Palm Oil tax increase to hit Lankan Confectionery Industry badly-LCMA
The recent increase of the import taxes of Palm Oil which is essential fat required by the confectioners and bakers of Sri-Lanka is going to cause significant stress and impose additional burdens to both the manufactures and the consumers of these products.
Edible oil imports declined in nine months
ISLAMABAD - Imports of edible oil including soybean and palm into the country during first three quarters of current financial year decreased by 33.90 percent and 0.42 percent respectively as compared to the imports of corresponding period of last year. During the period from July-March 2019-20, about 65,649 metric tons of soybean oil valuing $45.282 million was imported to fulfill the domestic requirements as against 95,112 metric tons worth $86.56 million of same period last year. According the data released by Pakistan Bureau of Statistics, import of palm oil into the country during the period under review was recorded at 2,276,994 metric tons costing $1.380 billion as against the import of 3,218,489 metric tons worth $1.386 billion of same period of last year. Meanwhile, imports of soybean oil into the country on month on month basis also reduced by 97.01 percent in March 2020 as compared to the same month of last year. However, the imports of palm oil increased by 30.94 percent in March 2020 as compared to the same month of last year. It may be recalled here that food imports into the country during first three quarters of current financial year decreased by 7.00 percent as different food commodities worth $3.963 billion imported as against the imports of $4.261 billion of corresponding period of last year.
Dikabarkan Bisa Tangkal Covid-19, Harga CPO Sepekan Menguat
Jakarta, CNBC Indonesia - Harga minyak sawit mentah (crude palm oil/CPO) selama sepekan ini menguat tipis. Hal itu menyusul laporan bahwa minyak virgin red palm oil efektif untuk membantu memperkuat daya tahan tubuh melawan virus corona baru penyebab Covid-19.
