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Malaysia's palm oil stocks hit 8-month high in May as output jumps
FGV may see earnings fall over 50pct annually from expanded SST
CIMB: India's duty cut, low stocks seen boosting Malaysian palm oil exports
Palm Oil Market Set for Strong Growth to USD 106.5 Billion by 2032 Amid Rising Sustainability Focus
MPOA disappointed as Budget wish list unfulfilled
Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) has expressed disappointment that its "carefully outlined" wish list for Budget 2024 did not make it into the government’s budgetary priorities.
Indonesia has officially established a crude palm oil (CPO) exchange
Jakarta - Indonesia: Indonesia has launched a crude palm oil exchange that aims to make Indonesia the global determinant of palm oil prices, said Trade Minister Zulkifli Hasan, reported the Antara news agency.
2024 Budget: Government allocates RM100 million incentives for Palm Oil replanting programme
Kuala Lumpur - The government will provide incentives for the Palm Oil Replanting Programme with an allocation of RM100 million to mitigate potential productivity issues in the production of fresh fruit bunches.
Malaysia expects average palm oil price of 4,000-4,500 ringgit/ton in 2024
Malaysia expects the price of crude palm oil (CPO) to average between 4,000 ringgit ($848.36) to 4,500 ringgit per metric ton in 2024, the government said on Friday.
India's Sept palm oil imports drop 26% m-o-m on higher stocks
Mumbai - India's palm oil imports in September fell 26% from the previous month to 834,797 metric tonnes, the lowest in three months, as higher inventories prompted refiners to curtail purchases, a trade body said on Friday.
VEGOILS-Palm oil rises as Indonesia keeps exports flexible
12/10/2023 (Nasdaq), Mumbai - Malaysian palm oil futures rose in early trade on Thursday after top producer Indonesia clarified that it will not make exports mandatory via a new exchange.
POSCO International, GS Caltex to build palm oil refinery in Indonesia
12/10/2023 (The Korea Economic Daily) - South Korea’s POSCO International Corp. and GS Caltex Corp. on Thursday signed a $210 million deal to build a bio feedstock refinery facility in Indonesia.
Indonesia's Export Flexibility Boosts Malaysian Palm Oil Futures
12/10/2023 (Investing.com) - Malaysian palm oil futures surged 0.99% as Indonesia clarified it won't mandate exports through its new exchange. Anticipated aggressive sales subsided, supporting prices. However, global palm oil faces challenges from a flood of cheap sunflower oil, impacting prices and driving a notable rise in Malaysian exports.
Malaysian palm oil sheds gains
12/10/2023 (Business Recorder), Mumbai - Malaysian palm oil futures erased early gains on Wednesday to close near their lowest level in 3-1/2 months as higher stocks and cheaper supplies of sunflower oil outweighed hopes for improved exports at lower price levels.
