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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
Johari: Govt to offer incentives for using palm kernel waste in chicken feed
28/10/2024 (New Straits Time), Kuala Lumpur - The government plans to offer incentives to chicken breeders who use palm kernel waste as animal feed, the plantation and commodities minister told the Dewan Rakyat told today.
CPO price strength could dissipate through end-2024, says BMI
25/10/2024 (The Edge Malaysia), Kuala Lumpur - While bullish drivers for crude palm oil (CPO) prices may be strong in the immediate term, they are expected to dissipate through end-2024, said BMI, a Fitch Solutions company.
With crude palm oil rates on fire, consumer firms start raising prices
27/10/2024 (Business Standard) - With crude palm oil prices on the rise, companies have started to jack up rates of soaps and edible oils in order to pass on the hike to consumers.
Edible oil prices rise in spite of VAT cut
27/10/2024 (The Daily Star) - The move came at a time when inflation has been hovering over 9 percent since March 2023. Food inflation has remained above 10 percent since April this year.
Man turns waste into wealth with used cooking oil business
27/10/2024 (Bernama), Seremban - It all began with wanting to help the community earn income by selling sell used cooking oil about five years ago, Mohd Hazim Mohd Mustazar, 33, is now able to earn a five-figure income a month.
CPO Futures Rally On Expectations Of Weaker Output, Lower Stockpiles
24/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rallied to above RM4,600 per tonne for the January 2025 benchmark contract, boosted by positive sentiment amid expectations of weaker output and lower stock levels, said a trader.
Palm surges for fourth day on lower stockpiles, possible production drop
24/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil jumped more than 2% on Thursday, supported by expectations of palm production declines and lower national stockpiles.
GAPKI confident EU deforestation law has minimum impact on exports
24/10/2024 (Indonesia Business Post) - The Indonesian Palm Oil Association (GAPKI) remains optimistic that the European Union Deforestation Regulation (EUDR) will not significantly impact Indonesia’s palm oil exports to Europe.
Higher biodiesel mandates in Indonesia set to curb palm oil supplies
24/10/2024 (Oils & Fats International) - The introduction of higher biodiesel blending mandates by Indonesia is likely to tighten palm oil, according to a leading analyst quoted in a Reuters report.
