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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
Oil prices fall 2% on demand concerns as coronavirus spreads
Oil prices tumbled more than 2% on Monday as investors worried about a hit to demand from the coronavirus outbreak, which is spreading rapidly outside China.
EU, major producers finding middle ground in palm oil issue
The Roundtable on Sustainable Palm Oil (RSPO) opines that any discouraging developments regarding palm oil could be resolved through a clear perspective and progressive and proportional explanation on the commodity value chain by both major palm oil buyers and major producers.
Indonesia backs calls for global response to virus outbreak
Indonesia is backing calls for a coordinated global response to the coronavirus outbreak, warning that the authorities may be underestimating its impact on trade and economic growth.
India to import palm oil from Bangladesh
India has issued about 70 licences for importing about five lakh tonnes of refined palm oil from three countries — Bangladesh, Nepal and Indonesia, sources said
Stick with fundamentally strong companies, say experts
THE global economy has been caught in a perfect storm. Still reeling from the after-effects of the US-China trade war and protectionist measures instituted by major economies, the outbreak of COVID-19, which has now spread to more than 20 countries, has further hit growth prospects, conceivably for the first six months of the year at least.
North Sumatra becomes major exporter of agricultural commodities
Indonesia has become a major exporter of agricultural products, thanks to serious efforts made by North Sumatra in promoting its local farming activities
Palm oil down on prospects of higher output, lower exports
Malaysian palm oil futures fell on Monday, pressured by prospects of higher production and concerns over falling demand due to the global spread of the coronavirus, although losses were limited by a weaker ringgit.
Oil palm estates above 40 hectares must be MSPO-certified
Operators of oil palm estates that cover above 40 hectares are required to have the Malaysian Sustainable Palm Oil (MSPO) certification – effective this year.
Biodiesel B20 programme set to enhance palm oil demand, price stability
The implementation of the Biodiesel B20 Programme for the transport sector is expected to provide sustainable support for palm oil demand, hence ensuring price stability for the commodity, Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail said.
