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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
Malaysia palm oil output set for steep drop after Sabah floods
Edible palm oil to witness 10% revenue growth this fiscal, says CRISIL
31/07/2024 (Financial Express) - The revenue of domestic edible palm oil refiners is predicted to increase by around 10 per cent this fiscal year due to consistent demand and greater realisations, as per a report by CRISIL. It further highlights that the operating profitability is expected to increase by 40-50 basis points (bps) to around 3.5 per cent due to favourable prices and continued duty-free imports.
Corn ends day down 5¢ | Wednesday, July 31, 2024
31/07/2024 (Successful Farming) - Soybeans close in the green while wheat is mixed.
China urged to introduce mandatory standards for edible oil transport
31/07/2024 (Oils & Fats International) - China should introduce mandatory standards for edible oil transport to reduce rising food safety concerns among consumers, according to experts quoted in a China Daily report.
Palm rises, supported by stronger rival oils
30/07/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Tuesday, supported by a stronger palm oil contract on the Dalian Commodity Exchange, and the Chicago soyoil.
Indonesia’s tight supply of CPO benefits Malaysia, say industry experts
30/07/2024 (The Edge Malaysia), Kuala Lumpur - Indonesia’s palm oil supply is expected to remain tight and that may augur well for Malaysia, say industry experts.
EU’s new biodiesel tariff increases will harm ties, say analysts
31/07/2024 (The Star), Beijing - China’s trade tensions with the European Union (EU), which have been fuelled by a string of tariff increases and protectionist actions by Brussels against Chinese enterprises, could intensify further as the bloc is set to levy provisional duties of up to 36.4% on biodiesel imports from the nation.
Adani Wilmar to invest ₹600 crore to expand edible oil business, solar power capacity
30/07/2024 (Hindustan Times), India - Adani Wilmar Ltd plans to invest around ₹600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher growth in volume terms, its MD & CEO Angshu Malick said on Tuesday.
Cargill’s new canola plant in Saskatchewan more than halfway complete
30/07/2024 (Ofi Magazine), Canada - Global agribusiness giant Cargill is halfway through construction of its new canola plant in Saskatchewan, Canada.
Drought and rain during harvest impacts olive oil production in Uruguay
30/07/2024 (Ofi Magazine), Uruguay - Olive oil production in Uruguay has been impacted by drought conditions followed by rain during the harvest, Olive Oil Times wrote.
