|
AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
Exports of palm oil and related products reached RM99.3b for Jan-Nov period – Johari
16/12/2024 (Bernama), Bangi - Exports of palm oil and related products have recorded RM99.3 billion for the period January-November 2024, an increase of RM12.5 billion compared to the same period in 2023.
Indonesia set to officially implement B40 biodiesel blending programme on 1 January
16/12/2024 (Oils and Fats International) - The Indonesian government is set to start its 40% palm oil-based biodiesel (B40) blending programme on 1 January, according to a report by The Star.
India's palm oil promise: A 2030 blueprint to reduce import dependence
16/12/2024 (Business Standard) - Earlier in July this year, the Indian government kickstarted a mega oil plantation drive. The second drive, which follows the last year’s drive, is in sync with the National Mission of Edible Oils – Oil Palm (NMEO-OP) aimed at reducing the country’s import dependence and achieving self-reliance in edible oils, thereby increasing farmer’s income.
MALAYSIA'S COMMODITY SECTOR THRIVES IN 2024 DESPITE GLOBAL CHALLENGES
15/12/2024 (Bernama), Kuala Lumpur - Malaysia's commodity sector has demonstrated resilience and growth in 2024 despite global headwinds, supported by robust exports and favourable market dynamics.
CPO futures likely to trade on bullish bias this week
16/12/2024 (The Star), Kuala Lumpur - The crude palm oil (CPO) futures contract on the Bursa Malaysia Derivatives is expected to trade with a bullish bias this week, given weaker output and potentially lower stock levels for the month, a dealer says.
Exclusive: Heavy rains to hit Malaysian palm oil output again in December, says MPOB
13/12/2024 (Reuters) Kuala Lumpur/Mumbai - Malaysia's palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world's second-largest producer of the tropical oil, the industry regulator told Reuters on Friday.
Why wheat and edible oil are the real inflation worries now
16/12/2024 (The Indian Express) - Low stocks and production uncertainties make wheat imports inevitable, while Indonesia’s biodiesel blending programme has caused global palm oil prices to soar.
'Neutral" call on plantation sector
12/12/2024 (New Straits Times), Kuala Lumpur - The tight supply of crude palm oil (CPO) inventory is expected to ease in the coming months, which would lead to a price correction once inventory levels rebound.
EU's delay in implementing deforestration rules a breather for players' readiness: MPOB
13/12/2024 (New Straits Times), Kuala Lumpur - The delay in implementing the European Union Deforestation Regulation (EUDR) has given Malaysia's palm oil sector additional time to enhance its readiness for full compliance, according to the Malaysian Palm Oil Board (MPOB).
