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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
Palm futures trade near three-year high on firmer petroleum, soyoil
NEW DELHI (Dec 30): Palm oil advanced to trade near its highest in almost three years, with firmer petroleum and soyoil underpinning the market. The world’s most-consumed cooking oil remained on track for its best year in a decade.
Asian palm oil falls on profit taking
KUALA LUMPUR (Dec 30): Asian palm oil prices slip on profit taking, although the market is likely to trend upward, says a Kuala Lumpur-based trader.
Sustainable palm oil: One entrepreneur thinks he has the answer
However whereas the bushes are thought-about a extremely productive supply of vegetable oil, farming them can carry a heavy environmental influence. As giant farms clear land to make room for oil palms, deforestation and forest fires can happen, threatening biodiversity.
Earnings boost seen for plantation sector in 2020
KUALA LUMPUR: With palm oil currently trading at its highest level in almost three years — with prices above the RM3,000 per tonne mark — analysts see an earnings boost for the plantation industry in 2020.
Malaysian palm oil recovers from early losses, set for best year in a decade
Malaysian palm oil futures cut early losses on Monday to trade little changed, heading for their best year in a decade amid expectations of lower output and an increased push for biofuel usage in the world's two top producers of the tropical oil.
Felcra is set to strengthen its financials in 2020
KUALA LUMPUR: Felcra Bhd, which posted RM187.12 million in losses in 2018, is set to narrow its losses this year as the new management sought to restructure the government entity, raise its business competitiveness and ride on rising oil palm prices.
Malaysia to let RSPO distribute oil palm concession maps
The Malaysian government has chosen to permit the Roundtable on Sustainable Palm Oil to distribute maps of corporate land concessions for Peninsular Malaysia and Sarawak, in an offer to support straightforwardness. The RSPO, which is the world’s biggest relationship for moral palm oil creation, considered the move an “achievement†that could leave top palm oil maker Indonesia further behind in the quest for straightforwardness in the segment. The RSPO, a willful affirmation plot whose individuals incorporate makers, brokers, and purchasers of the ware, just as NGOs, in around 90 nations, at first dedicated to distributing the maps in 2013.
Viewpoint: Biodiesel market to find new balance in 2020
The Brazilian biodiesel market is expected to find a balance between offers and demand in 2020 after feedstock prices reached a historic high in 2019.
GRAINS-U.S. soybean futures set highest price since June 2018 on China trade hopes
CHICAGO, Dec 30 (Reuters) - U.S. soybean futures on Monday rose to their highest price since June 2018 on expectations that Washington and Beijing will soon sign an initial trade deal that will increase American agricultural exports.
