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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
Planters set to ride on CPO price rise
14/09/2023 (The Star Online), Petaling Jaya - UOB Kay Hian (UOBKH) Research is keeping its upbeat outlook on the plantation sector, fuelled by expectations that crude palm oil (CPO) prices will trend higher from the fourth quarter of 2023.
India's vegetable oil imports up 33% in Aug: SEA
14/09/2023 (Times Of India), New Delhi - India's vegetable oil imports rose 33 per cent year-on- year to 18.66 lakh tonne in August due to lower duties and a revival of demand after a fall in domestic rates, according to industry body SEA. India, the world's leading vegetable oil buyer, imported 14.01 lakh tonne of vegetable oil in August 2022.
India looking at record edible oil imports; August 2023 demand 35% higher than last year
14/09/2023 (Down To Earth) - India could soon see record imports of edible oil of over 16 to 16.5 million tonnes during the current oil year ending October 2023. Historically low rainfall in the month of August, along with other factors, is driving the high demand.
Smuggler caught red-handed filling cooking oil into chemical containers
13/09/2023 (13/09/2023 (New Straits Times), Kota Baru - A smuggler was caught red-handed while filing subsidised 1kg cooking oil in polybags into plastic containers yesterday, suspected of smuggling to the neighbouring country.), Kota Baru - A smuggler was caught red-handed while filing subsidised 1kg cooking oil in polybags into plastic containers yesterday, suspected of smuggling to the neighbouring country.
Govt asks NBR to rationalize sugar, cooking oil duties
13/09/2023 (Dhaka Tribune) - The Commerce Ministry has asked the National Board of Revenue(NBR) to further rationalize duty rates imposed on sugar and cooking oil imports, said Commerce Minister Tipu Munshi in the parliament on Tuesday.
Govt unlikely to raise import tariffs on edible oils
14/09/2023 (Financial Express) - The government us unlikely to raise the import duties on refined edible oils, despite the sharp drop in domestic prices and low-priced imports, official sources said.
Malaysia's planters can expect stronger demand rest of 2023
13/09/2023 (New Straits Times), Kuala Lumpur - The local plantation sector is expected to see a stronger demand throughout the remaining months in 2023, according to Public Investment Bank Bhd (PublicInvest)
Palm rises after seven-session slide as Chicago soyoil recovers
13/09/2023 (Business Recorder), Jakarta - Malaysian palm oil futures climbed on Wednesday, snapped a seven-session losing streak, with prices underpinned by a recovery in Chicago soyoil.
El Nino predicted to support CPO price
13/09/2023 (The Star Online), Petaling Jaya - Despite the uptrend in the palm oil stockpile, most analysts continue to maintain their crude palm oil (CPO) price assumption between RM3,800 and RM4,000 per tonne for the 2023-2024 period.
