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CPO Futures End Higher On Firmer Oil Prices, Rival Vegetable Oil Futures
CPO prices to hold around RM4,400 per tonne in June 2026 - MPOC
SGX-listed palm oil players under pressure as Indonesia’s commodity export overhaul stokes fears
Palm oil outlook firm on supply tightening
MPOB achieves 70% mapping coverage of oil palm smallholders in its nationwide plantation project
16/09/2024 (Bernama), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) has successfully mapped around 70 per cent of independent smallholders as part of its project to chart oil palm plantation coverage across the country.
CPO futures expected to trade lower next week
15/09/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade on a downward bias next week, given the persistent weak demand seen recently, a dealer said.
Avoid buying oil palm seed online, says minister
15/09/2024 (New Straits Times), Kuala Lumpur - Smallholders have been urged not to purchase oil palm seeds online from unregistered parties.
India raises import tax on edible oils
16/09/2024 (Reuters), Mumbai - India has raised the basic import tax on crude and refined edible oils by 20 percentage points.
Looking for land to secure future growth
16/09/2024 (The Edge Malaysia) - Johor-based oil palm planter and crude palm oil (CPO) miller Kim Loong Resources Bhd (KL:KMLOONG) - which is 62.84%-owned by the Gooi family that also controls property developer Crescendo Corp Bhd (KL:CRESNDO) - has clinched a place on The Edge Billion Ringgit Club (BRC) Awards winners’ list this year after a five-year hiatus.
India's palm oil imports plunge as buyers shift to soyoil
12/09/2024 (Reuters), Mumbai - India's palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday.
Edible palm oil reference price rises again in Myanmar
12/09/2024 (Eng.Mizzima) - The wholesale reference price for edible palm oil set by the Military Council was 6,490 Kyat per viss (approx. 1.6 Kg) on 1 September but now refixed at 6,605 Kyat per viss on 9 September, rising by more than 100 Kyat.
Palm hits 3-week low as rival oils dip, India weighs duty hike
12/09/2024 (Reuters),Mumbai - Malaysian palm oil futures fell on Thursday to their lowest level in three weeks, on expectations of an import duty hike by top buyer India and in response to weakness in soyoil and palm oil contracts in the Dalian market.
USDA predicts record soybean yields, production
13/09/2024 (Biodiesel Magazine) - The USDA reduced its forecast for soybean production in its latest monthly Crop Production report, released Sept. 12. Record highs, however, are expected for both soybean yields and soybean production for beans.
