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AI boom is turning Malaysia’s palm oil estates into data centres
CPO prices to stay elevated on firm demand and tight supply
CPO price dip seen as temporary, stocks to rise in November: CIMB Securities
Malaysian palm oil futures fall under fundamental pressure, amplifying the impact on other oil prices
CPO futures set to trade with bullish bias this week
25/11/2024 (The Star), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias this week, driven by potential bargain-buying activity after the recent selldown, a dealer says.
Govt preparing regulation on methane utilization from palm oil waste
24/11/2024 (ANTARA), Pelalawan, Riau - The Environment Ministry is currently preparing regulations related to the utilization of methane from palm oil industry waste, including government incentives and disincentives in its implementation, to support the carbon trading climate in the country.
Palm oil prices a close match to cottonseed oil
25/11/2024 (Times of India), Ahmedabad - The edible oil prices rose significantly over the past three months under the influence of international market conditions and a rise in duties, according to industry experts. All varieties of edible oils witnessed an increase exceeding Rs 100 per 15 kg during the previous month, with palm oil prices reaching close to that of cottonseed oil for the first time.
Palm oil’s contribution to global health and well-being
25/11/2024 (The Edge Malaysia) - Today’s consumers are increasingly aware of how the choices they make may have an impact on the world they live in. Concerned about their health as well as the potential environmental and social consequences of their purchases, these advocates of change actively seek out food products that align with their values. This growing awareness has led to rising demand for sustainably produced palm oil.
Libya elected chair of International Olive Council
23/11/2024 (The North Africa Post) - Libya has been elected to chair the International Olive Council (IOC), formerly the International Olive Oil Council, for a one-year term.
Cpo Futures Fall As Weaker Demand, Rising Output Weigh On Prices
21/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, pressured by expectations of weaker domestic demand, according to market sources.
Malaysian palm oil extends losses amid China tariff fears, weak demand
22/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of US tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.
BMI projects average palm oil price for 2025 at RM3,900
21/11/2024 (Bernama), Kuala Lumpur - BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.
Palm oil industry drives business activities in remote areas: Ministry
21/11/2024 (ANTARA), Jakarta - The Industry Ministry stated that the palm oil processing industry helped to improve productive business activities, especially in the remote, frontier, and outermost (3T) areas.
