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MARKET DEVELOPMENT
11-08-2023

Malaysia's end-July palm oil stocks rise to five-month high

KUALA LUMPUR: Malaysia's end-July palm oil inventories rose to a five-month peak on higher production, data from the country's palm oil board showed on Thursday, but missed expectations as exports grew at a faster pace.

MARKET DEVELOPMENT
11-08-2023

Palm oil demand boosted as rival oil prices jump on supply woes

MUMBAI, Aug 10 (Reuters) - Demand for palm oil has been increasing as its discount to soyoil and sunoil has grown, driven by the recent price rise in rival oils due to production concerns in the U.S. and supply disruptions from the Black Sea region, industry officials said.

WORLD
11-08-2023

Indonesian biodiesel consumption for first six months at 5.4 million kilolitres

Indonesia's consumption of palm oil-based biodiesel for the first six months of this year was estimated at 5.41 million kilolitres, data from palm oil fund agency BPDPKS revealed.

OILS & FATS
11-08-2023

Dekel Agri-Vision July crude palm oil production skyrockets

(Alliance News) - Dekel Agri-Vision PLC on Thursday said that fresh fruit bunch volumes and crude palm oil production more than doubled in the month of July compared to a year ago.

MARKET DEVELOPMENT
10-08-2023

VEGOILS-Palm ends two-day slump ahead of MPOB data

09/08/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures extended early gains on Wednesday, snapping two straight sessions of losses on improved demand outlook, while the market awaited Malaysian Palm Oil Board (MPOB) data for further direction.

OILS & FATS
10-08-2023

Market players expect a bearish MPOB report

09/08/2023 (Mintec Global) - According to insights gathered from market players, the MPOB report is not expected to bring any major surprises as most of the market aligns with the expected figures. Most of the market players surveyed by Mintec anticipate around a 14% increase in palm production in Indonesia and a 7% to 8% increase in Malaysia for July compared to June. On the other hand, exports have shown strength, with an estimated increase of 6% to 8%. India and China have been stockpiling substantial volumes ahead of holidays and festivals, leading to a minor rally in palm oil prices in Asian and European markets. However, this rally was countered by the subsequent sell-off triggered by the expected production increase.

MARKET DEVELOPMENT
10-08-2023

Gov’t Wants Orders Suspending Importation Of Edible Oils Lifted, Argues Ksh.17B Could Be Lost

09/08/2023 (Citizen Digital) - The government has asked the court to lift orders that suspended the decision to import 125,000 metric tonnes of duty free edible oils.

MARKET DEVELOPMENT
10-08-2023

Palm Oil Crisis Grips Nigeria: The Time for Action is Now

09/08/2023 (Nairametrics) - One of the biggest casualties of the Nigerian civil war was the local palm oil production industry.

MARKET DEVELOPMENT
09-08-2023

Sabah earns RM6.22b from crude palm oil tax from 2018, among biggest earners for state coffers

08/08/2023 (Malay Mail), Kota Kinabalu - The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year.

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