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OILS & FATS
07-03-2023

Palm oil may climb into 4,418-4,459 ringgit range

SINGAPORE: Palm oil may climb into a range of 4,418 ringgit to 4,459 ringgit, as it has broken a resistance at 4,343 ringgit per tonne. The resistance is identified as the 161.8% projection level of a wave 3 from 3,851 ringgit.

MARKET DEVELOPMENT
06-03-2023

CPO futures at highest level in four months

02/03/2023 (Malay Mail), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is at the highest level in four months, said Fastmarkets senior analyst Sathia Varqa.

MARKET DEVELOPMENT
06-03-2023

Govt committed to helping oil palm smallholders obtain MSPO

03/03/2023 (Borneo Post Online), Serian - The government is committed to helping smallholders to obtain the Malaysian Sustainable Palm Oil Certification (MSPO) for sustainable palm oil production, says Deputy Minister of Food Industry, Commodities and Regional Development, Martin Ben.

MARKET DEVELOPMENT
06-03-2023

Palm vs Soy Oil Price Disparity Likely to Increase in 2023

04/03/2023 (Gro Intelligence) - Price spreads between palm oil and soybean oil are particularly wide on a historical basis, despite a sharp narrowing since the start of the year. But spreads between the two biggest vegetable oils’ prices, which many food companies consider when making buying decisions, could return to still wider levels as 2023 advances.

MARKET DEVELOPMENT
06-03-2023

Foreign exchange from Indonesia's palm oil industry reached US$39.28 billion in 2022

05/03/2023 (WAM), Jakarta - The palm oil and derivative products industry would still serve as a crucial pillar of the national economy, Vice President Ma'ruf Amin stated.

MARKET DEVELOPMENT
06-03-2023

M'sia-Thailand CPOPC negotiations to be finalised after Thai election - Fadillah

04/03/2023 (The Sun Daily), Kuching - Malaysia will finalise the negotiations with Thailand to become a member of the Council of Palm Oil Producing Countries (CPOPC) after Thailand completes its general election, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

MARKET DEVELOPMENT
06-03-2023

Fadillah: S’wak needs to meet certain conditions before allowed to bring in foreign workers

04/03/2023 (The Borneo Post), Kuching - Sarawak is still facing some problems with bringing in workers from Indonesia due to certain conditions that need to be met, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

MARKET DEVELOPMENT
03-03-2023

Fitch Solutions sees palm oil prices falling to RM2,200/tonne in 2027

KUALA LUMPUR (March 2): Fitch Solutions Country Risk and Industry Research has held unchanged its near-term palm oil price forecasts of annual averages of RM3,800/tonne through 2023, with upside risks, and RM3,400/tonne through 2024.

WORLD
03-03-2023

Top palm oil buyer India's Feb imports fall to 8-month low, say dealers

MUMBAI, March 2 (Reuters) - India's February palm oil imports dropped 30% from January to their lowest in 8 months as refiners preferred to lower their stocks as inventories piled up following excessive imports during October-January, five dealers told Reuters on Thursday.

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