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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Incorporate palm oil harvesting into TVET programmes to address labour shortage in sector - Johari
KUALA LUMPUR: The Plantations and Commodities Ministry is considering incorporating palm oil harvesting into Technical and Vocational Education and Training (TVET) programmes to address labour shortages in the sector.
CPOPC to team up with other vegetable oil producers to address sustainability issues
KUALA LUMPUR: The Council of Palm Oil Producing Countries (CPOPC) plans to collaborate with other vegetable oil producers to address sustainability issues via a strategy called the triple-track approach, said its secretary-general Rizal Affandi Lukman.
Analysts maintain CPO price forecasts amid falling stockpiles
KUALA LUMPUR, Jan. 11 (Xinhua) -- Analysts have on Thursday maintained crude palm oil (CPO) price forecasts amid falling stockpiles in Malaysia.
Indonesia's PalmCo plans to invest in a biodiesel plant
Indonesia's state-owned palm oil planter, PalmCo, has unveiled ambitious plans to diversify its revenue streams by venturing into the biodiesel sector and expanding its cooking oil production capacity. The Chief Executive Officer of PalmCo, Jatmiko Krisna Santosa, announced these strategic initiatives on Wednesday, emphasizing the company's commitment to bolstering its presence in downstream businesses.
Indonesia approved 53,012 hectares of palm oil replanting in 2023
11/01/2024 (Reuters), Jakarta - Indonesia in 2023 approved the replanting of 53,012 hectares (130,995.5 acres) of palm oil trees on land owned by smallholder farmers under a subsidised programme, data from the country's palm oil funding (BPDPKS) agency showed on Wednesday.
Malaysia palm oil stocks hit 4-month low on output slump
10/01/2024 (The Star Online), Kuala Lumpur - Malaysia’s palm oil stocks hit a four-month low at the end of December as production slumped to its lowest level in six months, offsetting a slowdown in exports.
Malaysia’s palm oil stocks fall 4.64% to 2.29 mil tonnes in December
10/01/2024 (The Edge Malaysia), Kuala Lumpur - Malaysia’s total palm oil stocks fell by 4.64% to 2.29 million tonnes in December, from 2.40 million tonnes in November, according to the Malaysian Palm Oil Board (MPOB).
Malaysia’s Palm Oil Inventory Sees Significant Reduction in December 2023
10/01/2024 (BNN Breaking) - The palm oil sector of Malaysia, the world’s second-largest producer, experienced a significant dip in December 2023. According to the Malaysian Palm Oil Board (MPOB), the country’s palm oil stock decreased by 4.64% to 2.29 million tons from 2.4 million tons in November. This reduction marks a four-month low for the industry, reflecting a slump in production coupled with a slowdown in exports.
Experts divided over El Nino’s impact on 2024 palm oil yields
09/01/2024 (Free Malaysia Today), Petaling Jaya - The El Nino weather phenomenon is expected to lead to a decline in palm oil yield in 2024, but experts differ on the extent of the impact on production.
