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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
Edible oil makers asked by Centre to keep retail prices in check
17/09/2024 (ANI), New Delhi - A meeting was held between the secretary Department of Food and Public Distribution and representatives of various edible oil industry bodies, wherein they discussed the pricing strategy.
Brazilian biodiesel production expected to grow by 18% in 2024
18/09/2024 (Biodiesel Magazine) - Brazilian biodiesel production is expected to increase 18% this year, according to a report filed with the USDA Foreign Agricultural Service’s Global Agricultural Information Network on Aug. 31. Consumption is also forecast to be up 18%.
MPOB achieves 70% mapping coverage of oil palm smallholders in its nationwide plantation project
16/09/2024 (Bernama), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) has successfully mapped around 70 per cent of independent smallholders as part of its project to chart oil palm plantation coverage across the country.
CPO futures expected to trade lower next week
15/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade on a downward bias next week, given the persistent weak demand seen recently, a dealer said.
Avoid buying oil palm seed online, says minister
15/09/2024 (New Straits Times), Kuala Lumpur - Smallholders have been urged not to purchase oil palm seeds online from unregistered parties.
India raises import tax on edible oils
16/09/2024 (Reuters), Mumbai - India has raised the basic import tax on crude and refined edible oils by 20 percentage points.
Looking for land to secure future growth
16/09/2024 (The Edge Malaysia) - Johor-based oil palm planter and crude palm oil (CPO) miller Kim Loong Resources Bhd (KL:KMLOONG) - which is 62.84%-owned by the Gooi family that also controls property developer Crescendo Corp Bhd (KL:CRESNDO) - has clinched a place on The Edge Billion Ringgit Club (BRC) Awards winners’ list this year after a five-year hiatus.
India's palm oil imports plunge as buyers shift to soyoil
12/09/2024 (Reuters), Mumbai - India's palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday.
Edible palm oil reference price rises again in Myanmar
12/09/2024 (Eng.Mizzima) - The wholesale reference price for edible palm oil set by the Military Council was 6,490 Kyat per viss (approx. 1.6 Kg) on 1 September but now refixed at 6,605 Kyat per viss on 9 September, rising by more than 100 Kyat.
