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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
Monthly demand for edible oil down 30%: IVPA
The monthly demand for edible oils in the country has fallen by 30 per cent, even though at home consumption of cooking oil shot up by 20-25 per cent, according to the Indian Vegetable Oil Producers Association (IVPA), apex organisation of vegetable oil producers in the country.
Better ties with India needed as palm oil sector prepares for worst, says analyst
A palm oil analyst has urged Putrajaya to go all out to repair diplomatic ties with New Delhi and work out a deal to bypass Indian restrictions on the import of refined, bleached and deodorised (RBD) palm oil.
CBOT soyabean futures fall to one week low
Chicago Board of Trade soyabean futures declined on Tuesday, notching one week low as end-of-month positioning and a weak Brazilian real hurt US export prospects, traders said
VEGOILS-Palm oil extends gains on higher crude, soybean oil
Malaysian palm oil futures rose on Wednesday, tracking stronger crude and soybean oil prices and supported by bargain-hunting, although concerns over weakening global demand due to coronavirus-driven lockdowns capped the gains.
Malaysia faces several challenges in growth trajectory — Moody's
Malaysia is currently facing several challenges in continuing its growth trajectory, despite having made commendable progress over the past four decades, said Moody’s Analytics.
Implementation of AfCFTA deal postponed due to COVID-19 disruptions
The Secretary General of the African Continental Free Trade Area (AfCFTA) Wamkele Mene said on Tuesday that implementation of the free trade agreement will not be able to commence on July 1 due to the disruptions occasioned by the coronavirus pandemic
Malaysian Palm Oil Exports to India Seen Hitting New Record Low
Palm oil shipments from Malaysia to top customer India may plunge to a fresh record low in April as the virus lockdown and punitive import curbs cause demand to dry up
Industry seeks easier refined palm oil imports to cut prices during lockdown
Importers of refined palmolein have asked government allow free import of refined palm oil so that poor people can get cheaper edible oil during Covid-19 lockdown which has disrupted the economy and purchasing power of people.
FGV sees significant drop in palm oil output due to Covid-19 control order
FGV Holdings Bhd, the largest crude palm oil (CPO) producer in the country, warned its palm oil output is poised to drop this year, as the movement control order (MCO) since March 18 limit the strength of its plantation workforce.
