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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
Malaysian diplomat discusses trade opportunities in Okara
OKARA: Malaysian High Commissioner Muhammad Azhar Bin Mazlan with a three-member delegation met with the delegation of the Okara Chamber of Commerce & Industries (OCCI) on Saturday. He laid the foundation stone for a 100-bed hospital. This project will be funded by philanthropists of the Okara Patient Welfare Association (OPWA).
US Cash Grains-Soybean basis bids steady to firmer before weekend
Spot basis bids for soybeans were steady to higher in the U.S. Midwest on Friday as farmers focused on accelerating the progress of their autumn harvests, dealers said.
Malaysian palm oil's key role in global food security
05/10/2023 (New Straits Times) - PALM oil, known for its versatility, serves as a widely consumed vegetable oil worldwide, is an important ingredient in the food industry. It is mainly used as a cooking oil and also in various food applications, including margarines, spreads, confectionary fats, ice cream, pizza, doughnuts, chocolate, and emulsifiers.
MPOB: Efforts being made to help more palm oil smallholders meet MSPO requirements
05/10/2023 (The Star Online), Kuala Lumpur - The Ministry of Plantations and Commodities and the Malaysian Palm Oil Board (MPOB) are intensifying efforts to enable more palm oil smallholders to comply with the Malaysian Sustainable Palm Oil Certification (MSPO) scheme.
'CPO prices expected to move past RM4,000 a tonne in 2024'
05/10/2023 (New Straits Times), Kuala Lumpur - RHB Investment Bank Research (RHB IB Research) expects crude palm oil prices to move past RM4,000 per tonne in 2024.
Strategic Shift to Secure Malaysia’s Palm Oil Industry
05/10/2023 (Lokmat Times), New Delhi – In a bid to safeguard Malaysia’s palm oil industry against the risks associated with overreliance on a single market, Belvinder Kaur Sron, CEO of the Malaysian Palm Oil Council (MPOC), has urged a strategic shift towards exploring other high-potential markets for palm oil exports. This call to diversify comes as Malaysia’s oil industry faces the need to adapt to evolving global regulations and market preferences.
Palm ends lower on weaker demand from top buyers India, China
05/10/2023 (Business Recorder), New Delhi - Malaysian palm oil futures closed lower on Thursday due to a drop in overseas demand for the tropical oil from top buyers such as India and China.
Ministry to identify recipients of cooking oil subsidy from DOSM data
05/10/2023 (Free Malaysia Today), Petaling Jaya - The government will rely on data which the statistics department (DoSM) is currently reviewing when setting the limit of subsidised cooking oil packets for B40 and M40 households, Fuziah Salleh said.
India’s edible oil imports down 19% in September
05/10/2023 (The Star Online), Mumbai - India’s imports of edible oil fell 19% in September from August’s record as refiners curtailed purchases of palm oil by 26% after inventories jumped to a record, according to five dealers.
