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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
Biodiesel tax credit extended through 2022
The federal spending bill approved in late 2019 included provisions to reinstate the $1 per gallon biodiesel mixture credit, which is commonly referred to as the biodiesel tax credit, according to the U.S
Palm giant says blow to China, India sales is ‘temporary’
The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings Bhd, one of the world’s largest producers.
Malaysia end-Jan palm oil stocks fall to lowest since June 2017
Malaysia’s palm oil inventories fell a fifth straight month amidst tighter production and slower demand, with January end-stocks below 2 million tonnes, official data showed on Monday.
Canola futures drop, follows soybeans
U.S. soybeans rose for the sixth straight day on expectations Beijing will meet the purchasing targets agreed to in the Phase 1 trade deal with Washington, but gains were capped by ongoing concerns about the coronavirus outbreak.
Malaysia to increase palm oil export to Pakistan
Malaysia aims to increase the palm oil export to Pakistan to 60% from the current 22% after Islamabad sounded interest to import more palm oil from the country as India slashes imports of the commodity.
Malaysian palm oil group urges industry to tap tech to save forests
Malaysian palm oil producers must use technology to improve yield and compensate for restrictions on land use, as the industry wrestles with concerns about sustainability, the chairman of the Malaysian Palm Oil Council said on Monday.
Factbox: Coronavirus forces delay of trade fairs, conferences
Over two dozen large trade fairs and industry conferences in China and overseas have been postponed due to travel curbs and concerns about the spread of a coronavirus, potentially disrupting billions of dollars worth of deals.
Edible oil needs attention
Pakistan spends three to four billion dollars on the import of crude edible oils and oilseeds. Increased local production of oilseed crops and the improved working of the domestic edible oil refining industry can help reduce this huge import bill.
United Malacca to plant cash crops in Indonesia
After two years of preparation, UNITED MALACCA BHD (UMB) will begin planting stevia in Sulawesi this year, marking the start of its first large-scale commercial crops venture into Indonesia.
