|
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
Cheap sunflower oil from Russia, Ukraine rattles palm oil market
11/10/2023 (The Edge Malaysia), Mumbai - A flood of cheap sunflower oil from Russia and Ukraine is putting downward pressure on palm oil prices, as the two top producers take advantage of currency depreciation to grab a larger share of the edible oils market.
CPO price to close higher at RM3,891 per tonne in October
11/10/2023 (Free Malaysia Today), Petaling Jaya - MIDF Research forecasts the average local crude palm oil (CPO) delivery price will close 4.4% month-on-month (m-o-m) higher at RM3,891 per tonne in October, due to moderate El-Nino events.
Malaysia's palm oil stocks seen remaining above two million tonnes till end of the year
11/10/2023 (The Edge Malaysia), Kuala Lumpur - Malaysian palm oil stocks are expected to remain above the two-million-tonne mark until the end of this year, even when demand is expected to pick up towards the end of the year, as the sector undergoes a peak output season.
Indonesia to launch crude palm oil futures exchange on October 13
11/10/2023 (Times of India), Jakarta - Indonesia, the world's biggest palm oil exporter, will launch its crude palm oil (CPO) futures exchange mandatory, its chief regulator told Reuters on Wednesday.
Indonesia's Garuda conducts test flight with palm oil-blended jet fuel
10/10/2023 (Channel News Asia), Jakarta - Flag carrier Garuda Indonesia said on Tuesday it has completed a test flight using a palm oil-blended jet fuel on a Boeing 737-800NG aircraft.
VEGOILS-Palm oil hits 3-1/2 months low on stock build-up in Malaysia
10/10/2023 (Nasdaq), Mumbai - Palm oil futures fell in early trade on Tuesday to their lowest level in 3-1/2 months on fears of an inventory build-up in Malaysia, where industry officials forecast production grew more than the exports during September.
Government's liberal import policy cause of worry for farmers: Congress
10/10/2023 (The Hindu) - The Congress on Tuesday said the liberal import policy of the Modi government is causing a "huge crisis" for the farmers in the country.
Palm oil stocks hit 11-month high
11/10/2023 (The Star Online), Kuala Lumpur - Palm oil stockpiles hit an 11-month high at the end of September, according to data from the Malaysian Palm Oil Board (MPOB), raising concerns about demand for the commodity.
Malaysia's palm oil stocks rise 9.6% to 2.31m tonnes in September
10/10/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks rose by 9.60 per cent to 2.31 million tonnes in September from 2.11 million tonnes in August, according to the Malaysian Palm Oil Board (MPOB).
