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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
Restriction may impact Malaysia’s export momentum to India
KUALA LUMPUR: Malaysia’s current healthy export momentum to India may be significantly dampened if there are restrictions against the import of palm oil-related products by that country, according to Ram Ratings.
CPO producers, buyers to fund monitoring system
KUALA LUMPUR: A coalition of 10 major palm oil producers, including Sime Darby Plantation, and buyers are working together to fund the development of a new, radar-based forest monitoring system.
Indonesia palm oil price to average $600/T in Jan-June 2020 – analyst Mielke
Indonesia palm oil price is seen averaging at $600 per tonne in the first half of next year, an increase from an earlier estimate of $580 per tonne, leading industry analyst Thomas Mielke said
EU ban on palm-based biodiesel to negatively impact Europe-Asia vegoil trade
The EU’s demand for palm-based biodiesel is expected to decrease in the long term due to the region’s ban on the use of palm oil in biofuels.
Murtaza Wahab vows to convert coastal region into economic zone
Spokesperson for the Sindh government and Adviser to Sindh Chief Minister on Law, Climate Change, Environment and Coastal Development Barrister Murtaza Wahab has said that following the vision of Benazir Bhutto, the incumbent Sindh government is successfully moving towards turning the coastal region of the province, especially Thatta, into an economic game changer for the country.
India to remain as palm oil buyer despite higher import tax
With India at nearly 70 per cent import dependence for edible oils, the country would continue to buy refined palm oil from Malaysia despite the proposal by its government to further increase import taxes, a move that it believes would lift local processing and cut dependence on overseas purchases, says an analyst.
Palm oil closes lower, ending six-day rally
Malaysian palm oil futures retreated after touching a 19-month high earlier on Thursday, as the ringgit gained and as panic buying emerged due to an expected supply shortage died down
What the Malaysia-India palm oil spat reveals about nationalism and trade
The recent dispute between the Malaysian prime minister and the Indian palm oil industry shows how quickly nationalist language can threaten to derail trade relations and prevent conversations about human rights abuses
Farmers threaten stir against RCEP
Farmer organisations from across India have called for protests against the Regional Comprehensive Economic Partnership (RCEP), with some even threatening to block essential supplies.
