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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
CPO Futures Close Higher On Stronger Crude Oil Prices Amid US-Iran Conflict
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
US-IRAN ESCALATION KEEPS OILPRICES FIRM, LIFTS PALM OIL OUTLOOK—MPOC
Edible Oils Remain Weak on Sluggish Demand; Groundnut Oil Up
23/03/2015 (Business Standard) - The wholesale oil and oilseeds market remained weak as select edible oils lost further grounds owing to subdued demand amid a weakening global trend.
Activities At Karachi and Qasim Ports
23/03/2015 (Business Recorder) - The Karachi Port handled 140,393 tonnes of cargo comprising 117,322 tonnes of import cargo and 23,071 tonnes of export cargo including 5,099 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Indonesia’s Ley on CPO Exports Negative for Upstream Producers
23/03/2015 (The Star) - CIMB Equities Research expects Indonesia’s plan to impose a levy of US$50 a tonne on exports of crude palm oil (CPO) at the zero export tax rate to be negative for upstream producers.
Indonesia Plans Levy on Crude Palm Exports Instead of Tax Threshold Cut
23/03/2015 (Jakarta Globe) - Indonesia will impose a levy of $50 a tonne on exports of crude palm oil when prices fall below a threshold triggering a monthly tax on shipments overseas, the chief economics minister said.
PZ Records 27.9% Drop in Profit
23/03/2015 (The Punch) - PZ Cussons Nigeria Plc has declared a profit after tax of N2.787bn for the nine months ended February 28, 2015.
Punjab Govt Ensures Relief to Common Man
23/03/2015 (The Nation) - After 30 percent decline in Palm oil prices in the international market, the Punjab government has been persuading the producers of edible oil to reduce the prices proportionately to benefit the consumers. Punjab government had a point that after reduction in prices of petroleum products and palm oil in the international market, the cost of production has declined, and the benefit should accrue to the consumers. Initially, they resisted and used evasive measures, but when pressurised, they unilaterally declared a reduction Rs.5 per kg in prices of vegetable oil and ghee. Earlier, they even threatened to shut down their mills rather than reducing the prices suggested by the Punjab government.
Vegoils: Market Factors to Watch Friday March 20
20/03/2015 (The Star) - The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday March 20.
VEGOILS-Palm Down After Lower Export Data
20/03/2015 (Reuters) - Malaysian palm oil futures dropped on Friday as weak export figures worried traders, but the soft dollar helped to limit losses.
Vegetable Oil Trade to Grow in 2015, Says Analyst
20/03/2015 (IHS Maritime 360) - Seaborne trade of vegetable oils (including palm) is expected to grow in 2015 to reach 82.3 million tonnes, according to Italian shipbroker Banchero Costa.
