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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
2024 Budget: Government allocates RM100 million incentives for Palm Oil replanting programme
Kuala Lumpur - The government will provide incentives for the Palm Oil Replanting Programme with an allocation of RM100 million to mitigate potential productivity issues in the production of fresh fruit bunches.
Malaysia expects average palm oil price of 4,000-4,500 ringgit/ton in 2024
Malaysia expects the price of crude palm oil (CPO) to average between 4,000 ringgit ($848.36) to 4,500 ringgit per metric ton in 2024, the government said on Friday.
India's Sept palm oil imports drop 26% m-o-m on higher stocks
Mumbai - India's palm oil imports in September fell 26% from the previous month to 834,797 metric tonnes, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday.
VEGOILS-Palm oil rises as Indonesia keeps exports flexible
12/10/2023 (Nasdaq), Mumbai - Malaysian palm oil futures rose in early trade on Thursday after top producer Indonesia clarified that it will not make exports mandatory via a new exchange.
POSCO International, GS Caltex to build palm oil refinery in Indonesia
12/10/2023 (The Korea Economic Daily) - South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility in Indonesia.
Indonesia's Export Flexibility Boosts Malaysian Palm Oil Futures
12/10/2023 (Investing.com) - Malaysian palm oil futures surged 0.99% as Indonesia clarified it won't mandate exports through its new exchange. Anticipated aggressive sales subsided, supporting prices. However, global palm oil faces challenges from a flood of cheap sunflower oil, impacting prices and driving a notable rise in Malaysian exports.
Malaysian palm oil sheds gains
12/10/2023 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains on Wednesday to close near their lowest level in 3-1/2 months as higher stocks and cheaper supplies of sunflower oil outweighed hopes for improved exports at lower price levels.
Shaping a healthier and more sustainable palm oil industry
12/10/2023 (The Sun Daily) – The conversation about palm oil often focuses around environmental considerations. This focus, however, largely overshadows its role in medical applications. Although the topic may not be at the forefront of people’s thoughts, there are several good reasons to pay attention to palm oil’s medical benefits.
High palm oil stocks to pile pressure on prices
12/10/2023 (The Star Online), Petaling Jaya - A continued peak production season may result in the local palm oil stocks staying high, thus putting pressure on the crude palm oil (CPO) price performance, say analysts.
