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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
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.
Portugal in the olive oil 'premier league'
12/09/2024 (The Portugal News) - "There are projects in all countries, currently, to improve their production capacity", but, with "the growth rate it has had" and the existing forecasts, Portugal "is clearly in the premier league" of olive oil producing countries, said the executive director of the International Olive Council (IOC), Jaime Lillo.
Global vegetable oil production continues to grow
11/09/2024 (Oils & Fats International) - Worldwide vegetable production continues to increase alongside rising demand, according to US Department of Agriculture (USDA) data reported by Germany’s Union for the Promotion of Plants and Protein (UFOP).
Palm oil sector faces headwinds as CPO's edge over soybean oil seen narrowing
11/09/2024 (The Edge Malaysia), Kuala Lumpur - The plantation sector is facing increasing pressure, as crude palm oil (CPO) loses its traditional price edge over soybean oil, raising concerns about palm oil's future competitiveness, analysts said.
