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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
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Palm oil prices to improve on the back of strong export performance
13/10/2024 (New Straits Times), KUALA LUMPUR - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a positive bias next week on the back of strong export performance, a trader said.
How palm oil is driving progress in sustainability
14/10/2024 (The Edge Malaysia) - The Malaysian palm oil industry is undergoing a transformative journey towards sustainability. Having faced criticism in the past, the sector has been making great strides in prioritising environmental, social and governance (ESG) factors through a range of pioneering initiatives that go beyond regulatory compliance.
October WASDE maintains outlook for 2024-’25 soybean oil use in biofuel production
12/10/2024 (Biodiesel Magazine) - The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released Oct. 11. The outlook for soybean oil prices is also unchanged.
CPO Futures Continue Downtrend Amid Higher Stock Levels
10/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their downtrend today to close mostly lower for the third consecutive day amid signs of higher stock levels in the country following the Malaysian Palm Oil Board's (MPOB) September 2024 data release, a trader said.
Bursa mulls used cooking oil futures on biofuel demand
10/10/2024 (Bloomberg), Kuala Lumpur - Bursa Malaysia Bhd, the main exchange for the global palm oil market is considering launching a futures contract for used cooking oil as its demand as a biofuel feedstock grows.
Palm slides on profit-taking following bearish MPOB data
10/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures reversed early gains on Thursday as profit-taking weighed on the market following the release of the Malaysia Palm Oil Board’s (MPOB) demand and supply data.
Malaysia's palm oil stocks hit 8-month high as consumption slows
10/10/2024 (Reuters), Kuala Lumpur - Malaysia's palm oil stocks rose more than expected in September to hit an eight-month high, as a sharp fall in local consumption outweighed a modest increase in exports and reduced production, the industry regulator said on Thursday.
Budget 2025: Ensuring The Sustainability Of The Palm Oil Industry
10/10/2024 (Business Today) - With the third Budget announcement by Prime Minister Datuk Seri Anwar Ibrahim since taking office is just a week away, palm oil industry player Pacific Inter-Link Sdn Bhd has listed out its wishlist hoping for crucial measures tabled during the session that could strengthen the sector, ensure its sustainability and continue to be globally competitive.
CPO FUTURES EXTEND LOSSES AHEAD OF MPOB DATA TOMORROW
09/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended their decline on Wednesday due to profit-taking ahead of the Malaysian Palm Oil Board's (MPOB) September 2024 data due tomorrow, said a trader.
