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MARKET DEVELOPMENT
18-08-2023

HLIB ‘neutral’ on plantation sector, expects mixed Q2 results

17/08/2023 (Free Malaysia Today), Petaling Jaya - Hong Leong Investment Bank Bhd (HLIB) has maintained its “neutral” stance on the plantation sector as it expects plants to report a mixed set of performance for the second quarter of 2023 (Q2 2023).

MARKET DEVELOPMENT
17-08-2023

Malaysia's palm oil board, Petronas to study use of palm waste as aviation fuel

16/08/2023 (Reuters), Kuala Lumpur - Malaysia's palm oil board and state oil firm Petronas (IPO-PETO.KL) have signed an agreement to study the use of used cooking oil and palm oil waste as sustainable aviation fuel.

OILS & FATS
17-08-2023

MPOB, PETRONAS to study production using cooking oil, palm wastes

16/08/2023 (The Star Online), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) and Petroliam Nasional Bhd (Petronas) are collaborating to conduct a study on the production of sustainable aviation fuel (SAF) with used cooking oil and palm wastes as the main raw materials.

MARKET DEVELOPMENT
17-08-2023

VEGOILS-Palm oil advances to nine-day high on rising exports, weak ringgit

15/08/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped for a second straight session on Wednesday and hit a nine-day high after a surge in exports during the first half of August and as the ringgit weakened.

OILS & FATS
17-08-2023

Govt to procure 8m litres of soybean oil

16/08/2023 (Dhaka Tribune) - The government on Wednesday approved a proposal for procuring some eight million litres of soybean oil to meet the growing demand of edible oil in the country.

MARKET DEVELOPMENT
17-08-2023

Indonesia sets Aug 16-31 crude palm oil reference price at $820.35/metric ton

16/08/2023 (Market Screener), Jakarta - Indonesia has set its crude palm oil (CPO) reference price at $820.35 per metric ton for the period of Aug. 16-31, according to a trade ministry regulation.

MARKET DEVELOPMENT
17-08-2023

North-East: Political Parties divided on proposed Palm Oil cultivation

16/08/2023 (The North Lines) - In Northeast India, the debate over officially proposed palm oil cultivation on a major scale has warmed up, with some opposition parties in Assam protesting the state's decision to go ahead with the scheme.

MARKET DEVELOPMENT
16-08-2023

CPO futures snap 3-day losing streak amid better veg oil prices overseas

15/08/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded after three days of losses, tracking the bullish momentum of Chicago Board of Trade (CBOT) soybean oil futures and resurgent Chinese vegetable oil futures, a dealer said.

MARKET DEVELOPMENT
16-08-2023

Palm oil snaps three-session fall as exports surge

15/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose more than 2% on Tuesday ending a three-session decline, helped by a surge in exports, a declining ringgit and strength in rival edible oils.

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