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MARKET DEVELOPMENT
10-03-2023

Indonesia's biodiesel policy, dry weather to keep palm oil prices elevated

09/03/2023 (Reuters), Kuala Lumpur - Indonesia's biodiesel policy and the likely emergence of the El Nino weather pattern could further strain global inventories of the most used cooking oil, lifting prices later this year, leading industry officials and analysts said at a conference.

MARKET DEVELOPMENT
10-03-2023

Palm oil snaps three-day decline, MPOB data in focus

09/03/2023(Business Recorder) - Malaysian palm oil futures reversed early losses on Thursday, snapping a three-day decline as traders shifted their focus to the upcoming palm oil board data, after a highly-anticipated conference in Kuala Lumpur did not indicate a clear price trend.

MARKET DEVELOPMENT
10-03-2023

Palm oil neutral in 4,153-4,225 ringgit range

09/03/2023 (Business Recorder), Singapore - Palm oil looks neutral in a range of 4,153-4,225 ringgit per tonne, and an escape could suggest the following direction.

OILS & FATS
10-03-2023

Martin: Issues affecting S’wak oil palm smallholders will be brought up to Putrajaya

09/03/2023 (The Borneo Post), Kuala Lumpur - Deputy Minister of Food Industry, Commodity and Regional Development Martin Ben has given assurance that the Sarawak government will bring the issues affecting oil palm smallholders to the attention of the federal government.

MARKET DEVELOPMENT
09-03-2023

Palm oil to fall to RM3,760 per tonne average in 2023, says analyst Fry

08/03/2023 (The Star Online), Kuala Lumpur - Malaysia benchmark crude palm oil futures will average RM3,760 a tonne in 2023, down from RM4,920 in 2022, pressured by lower gasoil prices, leading analyst James Fry said on Wednesday.

MARKET DEVELOPMENT
09-03-2023

MPOB expects palm oil stocks to dip below 2mil tonnes

08/03/2023 (Free Malaysia Today), Kuala Lumpur - Malaysia’s palm oil stocks could fall below two million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior official told Reuters.

MARKET DEVELOPMENT
09-03-2023

Malaysia palm oil stocks could fall below two million tonnes by end April, says official

08/03/2023 (Malay Mail), Kuala Lumpur - Malaysia's palm oil stocks could fall below 2 million tonnes by the end of April, which would be the lowest since July, as exports are increasing after Indonesia restricted overseas sales, a senior Malaysian official told Reuters.

MARKET DEVELOPMENT
09-03-2023

Asian palm oil buyers seek stable export policies from producers

07/03/2023 (Channel News Asia), Kuala Lumpur - The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.

MARKET DEVELOPMENT
09-03-2023

Coordinated approach needed to iron out issues in palm oil industry

08/03/2023 (The Sun Daily), Kuala Lumpur - A palm oil industry player has called for a coordinated approach to deal with the issues in the palm oil industry, including the treatment of foreign labour in Malaysia.

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