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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
Positive growth for plantation sector, amid rising CPO prices
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
VEGOILS-Palm oil falls 2% on stronger soybean harvest, ringgit
24/10/2023 (Nasdaq), Singapore - Malaysian palm oil futures fell on Tuesday as a rapidly advancing U.S. soybean harvest and a recovering ringgit weighed on prices, though strong demand limited losses.
Indonesia Can Sue EU over Protectionist Green Policy: Economist
24/10/2023 (Jakarta Globe), Jakarta - An expert said Tuesday that Indonesia could file a lawsuit against the European Union (EU) at the World Trade Organization (WTO) for the bloc’s protectionist green policies.
Solvent extractors favour ‘bilateral safeguard duty’ in revised ASEAN agreement
24/10/2023 (The Hindu Business Line) - The Solvent Extractors’ Association of India (SEA) has stressed the need for provision of “bilateral safeguard duty” in the revised ASEAN agreement.
Jelebu MP urges palm oil exporters to contribute to oil palm replanting fund
KUALA LUMPUR (Oct 23): Exporters dealing in palm oil and palm-based products should contribute to the oil palm replanting fund to support oil palm smallholders, said Member of Parliament from Jelebu Datuk Seri Jalaluddin Alias.
Palm tracks rival oils lower; exports, weaker ringgit cap losses
Malaysian palm oil futures fell on Monday, weighed by weakness in rival Dalian vegetable oils and crude oil, although weakness in the Malaysian ringgit and strong export data limited losses.
Ensuring fair CPO prices
It is not Indonesia’s position as the world’s largest crude palm oil (CPO) producer, with a 60 percent share of the global supply, but market confidence in the pricing mechanism at the newly established Crude Palm Oil Futures Exchange in Jakarta, that will determine the success of the bourse in becoming a credible price-discovery center.
Two alternative sources of renewable energy Malaysia could harness
Malaysia has a couple of alternative sources of renewable energy that could be harnessed:
U.S. Soybeans Facing Increased Export Competition as Brazilian Soybeans to China Jump
Bloomberg writer Tarso Veloso Ribeiro reported last week that, “A sevenfold jump in Brazilian soybean shipments to China for next month highlights how the US is losing influence over one of the world’s most important agricultural markets.
HLIB raises 2024 CPO price assumption to RM4,000/mt
KUALA LUMPUR (Oct 24): Hong Leong Investment Bank (HLIB) Research has maintained its “neutral” rating on the plantation sector and said the current weakness in crude palm oil (CPO) price will likely be temporary (and recover from 2024), supported by favourable palm oil, gas oil (POGO) spread and heightened supply risk from El Nino.
