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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
Fadillah: Ministry given higher allocation in 2024 Budget based on Industry feedback
19/10/2023 (New Straits Times), Kuala Lumpur - The allocation for the Plantation and Commodities Ministry (KPK) was increased to RM732.7 million in the 2024 Budget after taking into consideration feedback from the industry, said Deputy Prime Minister Datuk Seri Fadillah Yusof.
Plans to cover area larger than Sikkim with palm oil plantations
19/10/2023 (Hindustan Times) - Special provisions are also being made to promote palm oil in northeast India keeping in mind the need for investment, the ministry of agriculture and farmers’ welfare said
Vegetable oil imports partly fill in for thinning US soyoil stocks
19/10/2023 (The Star Online) - THE US soybean oil supplies have declined significantly in the last couple of months, but so have prices, which is counter intuitive.
Singapore-based Indonesia palm oil exporter grapples with EU law
18/10/2023 (Nikkei Asia), Jakarta - Musim Mas, a Singapore-based exporter of Indonesian palm oil, faces "a big challenge" over the European Union's new deforestation regulation, which will particularly impact the country's small individual farmers, a company executive told Nikkei Asia.
Malaysian palm oil
18/10/2023 (Business Recorder), Singapore - Malaysian palm oil futures were little changed on Tuesday after three consecutive sessions of gains, as strong exports and Chinese demand were offset by weaker Chicago soyoil prices.
Malaysia keeps November crude palm oil export duty at 8pc
17/10/2023 (New Straits Times), Kuala Lumpur - Malaysia has maintained its November export tax for crude palm oil at 8 per cent and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Shafie Apdal: 20pc of oil palm not harvested due to labour shortage
17/10/2023 (Malay Mail) - At least 20 per cent of oil palm are unharvested due to labour shortage, hence additional government initiatives are needed to ensure that the industry remains sustainable.
PLTUs asked to increase palm oil waste use for co-firing
17/10/2023 (Antara News), Jakarta - The Ministry of Energy and Mineral Resources (ESDM) has called for the increased use of empty oil palm fruit bunches as biomass raw materials for co-firing (alternative fuel) in coal-fired power plants.
VEGOILS-Palm oil flat as weak CBOT soyoil offsets Chinese demand boost
17/10/2023 (Nasdaq) Singapore - Malaysian palm oil futures were little changed on Tuesday after three consecutive sessions of gains, as strong exports and Chinese demand were offset by weaker Chicago soyoil prices
