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MARKET DEVELOPMENT
30-11-2023

ITC Explores Possible Re-Entry Into Edible Oil Business With Wilmar Stake: Reports

28/11/2023 (Business World, India) - In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC's interest in Adani Wilmar has been sparked by its growing focus on branded commodities.

MARKET DEVELOPMENT
29-11-2023

Quota for subsidised cooking oil set at 60,000 tonnes

28/11/2023 (The Star Online) - THE quota of 60,000 tonnes of subsidised cooking oil a month is sufficient if used solely by locals and not foreigners, says Fuziah Salleh.

MARKET DEVELOPMENT
29-11-2023

Leakages: Audit on subsidised cooking oil implemented since October, says Armizan

28/11/2023 (Malay Mail), Putrajaya - The government has been conducting an audit on subsidised cooking oil in every state and district since October this year to resolve the issue of leakages, said Acting Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

MARKET DEVELOPMENT
29-11-2023

Johari moots replacing packet cooking oil subsidies with cash aid

27/11/2023 (Free Malaysia Today), Kuala Lumpur - Johari Ghani (BN-Titiwangsa) has suggested that Putrajaya replace the subsidies for cooking oil sold in 1kg polybags with direct cash aid to curb leakages.

MARKET DEVELOPMENT
29-11-2023

Palm firms on stronger rival oils but poor demand limits gains

28/11/2023 (Hellenic Shipping News) - Malaysian palm oil futures ticked up on Tuesday after range-bound trade, supported by strength in rival edible oils, although poor demand and expectations of declining production kept the contract near a two-week low.

OILS & FATS
29-11-2023

Malaysia, Indonesia seek allies in EU deforestation row

27/11/2023 (DW) - Malaysia and Indonesia want to bring other Southeast Asian countries on their side amid ongoing disputes with the European Union over environmental and deforestation regulations that are set to take effect in late 2024, with the two nations worried about the regulations' impact on the region's agriculture exports.

MARKET DEVELOPMENT
29-11-2023

Ta Ann earnings drop 36% in 3Q on lower CPO, FFB prices

28/11/2023 (The Edge Malaysia), Kuala Lumpur - Ta Ann Holdings Bhd’s net profit fell 36% to RM65.14 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM101.5 million a year ago, on lower palm oil and plywood product prices. The group also recognised a gain of RM4.9 million from changes in the fair value of biological assets.

MARKET DEVELOPMENT
28-11-2023

CIMB sets science-based targets for palm oil sector

The Malaysian bank is the first to set decarbonisation targets for the sector, aiming to cut portfolio emissions intensity by 16 per cent by 2030. However, its commitment does not directly include smallholders, who are not within its existing base of clients.

MARKET DEVELOPMENT
28-11-2023

Palm slips to near two-week low on weaker crude

Malaysian palm oil futures extended losses on Monday to its lowest closing in nearly two weeks, as weaker crude outweighedanticipation of lower output and improving demand.

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PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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PALM NEWS MALAYSIAN PALM OIL BOARD Wednesday, 27 Nov 2024

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