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CPO price forecast to climb for rest of the year
Malaysian palm oil extends losses amid China tariff fears, weak demand
Global Stearic Acid Prices Climb Amid Palm Oil Shortages and Rising Production Costs
Positive growth for plantation sector, amid rising CPO prices
Palm rebounds as heavy rains continue to hit production
01/03/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Wednesday after a near 2% drop in the previous session, as heavy rains in the world’s second-largest producer added to supply restraints.
Malaysia's February palm oil exports rose 1.7 pct –SGS
01/03/2023 (Channel News Asia), Singapore - Exports of Malaysian palm oil products for February rose 1.7 per cent to 1,131,939 tonnes from 1,113,292 tonnes shipped during January, cargo surveyor Societe Generale de Surveillance said on Wednesday.
SEA demands government intervention as mustard prices drop below MSP
28/02/2023 (Business Standard) - Expressing concern over rape-mustard seed rates falling below the minimum support price (MSP), edible oil industry body SEA on Tuesday demanded the government commence procurement and restrict imports of refined palm oil as part of steps to arrest the price drop.
Manila-KL bilateral ties set to enter new phase
01/03/2023 (New Straits Times), Manila - Malaysia and the Phillippines relations are on a strong footing and the visit of Prime Minister, Datuk Seri Anwar Ibrahim, starting today, will take it further forward.
Malaysia invites Thailand to become CPOPC member
28/02/2023 (New Straits Times), Kuala Lumpur - Malaysia has invited Thailand to join the Council of Palm Oil Producing Countries (CPOPC) as a member to create a stronger voice to address discriminatory protectionist measures against palm oil and rubber producers at Asean level.
Tanzania: PM Reveals Major Discovery in Palm Oil Seeds
28/02/2023 (AllAfrica) - PRIME Minister Kassim Majaliwa has revealed that research institutes in the country have succeeded in discovering and experimenting in the cultivation of the palm oil tree seeds known as Terena.
Palm oil may retest support of 4,155 ringgit
28/02/2023 (Business Recorder), Singapore - Palm oil may retest a support of 4,155 ringgit per tonne, a break below could open the way towards 4,039-4,083 ringgit range.
More than 97% of oil palm planted areas MSPO-certified
28/02/2023 (The Sun Daily), Kuala Lumpur - A total of 5.5 million hectares or 97.88 per cent of the total 5.6 million oil palm planted areas in the country have obtained the Malaysia Sustainable Palm Oil (MSPO) certification as at Jan 31 this year, said Deputy Plantation and Commodities Minister Datuk Siti Aminah Aching.
Palm oil imports hit record
28/02/2023 (Business Recorder) - A look at Pakistan’s palm oil import habits would not tell you this is a country in dire straits and short of dollars. Pakistan imported its highest ever monthly palm oil quantity in January 2023 at 0.35 million tons. For seven months of FY23 – palm oil import quantities have increased 9 percent to nearly 2 million tons – and Pakistan is well on course to rake up highest yearly palm oil imports.
