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MARKET DEVELOPMENT
13-09-2023

VEGOILS-Palm ends lower for 7-day following weaker rival oils

12/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures closed down on Tuesday, declining for seven sessions straight, following weakness in rival oilseeds.

MARKET DEVELOPMENT
13-09-2023

Palm oil prices to climb by at least US$100 within next four to six months, says Mielke

12/09/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke.

MARKET DEVELOPMENT
13-09-2023

Sabah govt urged to review palm oil sales tax

12/09/2023 (The Borneo Post), Kota Kinabalu - Sabah Palm Oil Planters Association’s Executive Advisor, Datuk Yap Wun Fook, has urged the Sabah government to review the 7.5 per cent palm oil sales tax to ensure that the tax system aligns with fairness principles.

MARKET DEVELOPMENT
13-09-2023

MPOA: Dire need for oil palm replanting

12/09/2023 (The Star Online), Petaling Jaya - There is an urgent need to ensure the sustainability of the palm oil industry in Malaysia and maintaining a strong level of output for competitive reasons.

MARKET DEVELOPMENT
12-09-2023

Malaysia's end-Aug palm oil stocks jump to 7-month high

11/09/2023 (The Star Online), Kuala Lumpur - Malaysia's palm oil stocks at the end of August rose to their highest since January, higher than market expectations, data from the Malaysian Palm Oil Board (MPOB) showed on Monday.

MARKET DEVELOPMENT
12-09-2023

MP Evans dragged down by lower palm oil prices

11/09/2023 (Investors Chronicle) - Crude palm oil (CPO) prices soared in the aftermath of Russia’s invasion of Ukraine as concerns raged about vegetable oil supply. While prices remain elevated against historic levels, a 27 per cent year-on-year slowdown in the average mill-gate price to $755 (£604) per tonne dented Indonesia-focused palm oil producer MP Evans’ (MPE) revenue by over a fifth. A low-cropping period and a doubling of fertiliser costs also hurt, as the gross margin fell by a painful 21 percentage points to 17 per cent and operating profits contracted by 62 per cent.

MARKET DEVELOPMENT
12-09-2023

Malaysia’s palm oil stocks up 22.54pc in August

11/09/2023 (Malay Mail), Kuala Lumpur - Malaysia’s total palm oil stocks surged by 22.54 per cent to 2.12 million tonnes in August 2023 from 1.73 million tonnes in the preceding month, according to the Malaysian Palm Oil Board (MPOB).

MARKET DEVELOPMENT
12-09-2023

Malaysian palm oil stockpile seen climbing in coming months after August jump

11/09/2023 (The Edge Malaysia), Kuala Lumpur - Malaysia’s palm oil stockpile is seen to climb further in the coming months as production enters a seasonally higher period, following a higher than expected jump in August.

MARKET DEVELOPMENT
12-09-2023

Malaysia’s palm oil reserves rise most in two years on output jump

11/09/2023 (The Edge Malaysia) - Palm oil inventories in Malaysia surged the most in two years to cross the two-million-tonne level on stronger-than-expected production and weaker exports in the second-biggest grower.

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