|
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Malaysia end-Sept palm oil stocks mark first gain in 7 months
KUALA LUMPUR (Oct 10): Palm oil inventories in Malaysia, the world's second-largest producer of the edible oil, rose for the first time in seven months in September, data from an industry regulator showed on Thursday, as production rose amid slowing exports.
Malaysia’s palm oil stocks up 9.3% in September 2019
KUALA LUMPUR: Malaysia’s total palm oil stocks rose 9.27 per cent to 2.448 million tonnes in September 2019 from 2.241 million tonnes recorded in the previous month.
Malaysia palm oil inventory rises after six months' fall
KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil inventory rose in September after shrinking for six straight months as exports fell sharply, while output rose, official data Thursday showed
Indonesia Finds One-Fifth of Palm Oil Plantations Are Illegal
Indonesia is trying to clamp down on illegal palm oil plantations by first identifying the perpetrators. A government investigation found that 3.1 million hectares, or about 19% of the country’s total oil palm plantations, are operating without permits in forest areas. Authorities are in the process of identifying the owners of the unlicensed plantations and are seeking legal advice on how to deal with them, according to an official at Indonesia’s ministry of economic affairs.
Indonesia could take back 1.4m hectares of forest cleared for oil palm
The Indonesian government could take back 1.4 million hectares of forest as part of its ban on land clearing for oil palm plantations, an official said today.
Hypocrisy in Europe’s psy-war against palm oil
What do palm oil, lemons, and the Ku Klux Klan have in common? They all illustrate what economists term asymmetric information. Coined by the Noble Laureate George Akerlof (1970s), in his paper titled “The Market for Lemonsâ€, he demonstrated how different information that sellers impose on buyers lead to decisions ending in undesirable market outcomes.
Crucial for all to be certified
Malaysia exported 3.7 million tonnes of palm oil produce to Europe in 2017. This represented 12 per cent of the global palm oil export that year.
Palm oil rises again
Malaysian palm oil futures rose for a fifth consecutive session on Thursday, buoyed by last-minute buying ahead of September data from the Palm Oil Board. Gains in palm and rival soyaoil on China's Dalian Commodity Exchange also supported the market. Palm oil is affected by price movements in related oils that compete in the global vegetable oils market. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange closed 0.2% up at 2,201 ringgit ($526.06) a tonne.
Stakeholders urge to address hindrance in oil palm sector
Stakeholders in the oil palm sector have been urged to address key issues and longstanding questions that have been seen as hindrance, with admonishment that today is the most pleasant time to make all of the needed corrections that were not considered in the past.
