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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
MKH Oil Palm maintains strong outlook
22/08/2024 (The Star), Kuala Lumpur - MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) prospects for the financial year ending September 30, 2024 remain strong, supported by robust market demand for crude palm oil, which is currently trading at approximately RM3,650 per tonne in Indonesia.
Lawmakers to pick committee to probe edible oil imports revenue
21/08/2024 (People Daily) - Members of Parliament (MPs) will open an inquiry to establish how the government lost Sh62 billion in revenue for the last three years in imported refined edible palm oil disguised as crude palm oil.
Sunflower oil dethrones olive oil in Spain’s kitchens as prices soar
22/08/2024 (The News), Madrid - Sunflower oil has dethroned olive oil as king of the kitchen in Spain, the world’s largest olive oil producer, as rising prices force consumers to switch to cheaper options.
Govt plans to boost oilseed output, cut imports
22/08/2024 (Financial Express) - In an attempt to reduce India’s high dependence on edible oil imports, the government is looking to boost domestic oilseeds production. The plan is to increase yields, expand the area under cultivation and introduce a dynamic import duty structure so that domestic prices are not impacted by cheaper imports.
Johari: Cooperatives need to play proactive role to develop abandoned oil palm estates
20/08/2024 (Bernama), Melaka - The Sustainable Oil Palm Growers Cooperatives (KPSM) under the Malaysian Palm Oil Board (MPOB) are urged to play a proactive role so that abandoned palm plantations can be developed through replanting projects in an effort to increase the nation's palm oil production.
Johor Plantations' 2Q net profit jumps threefold on higher sales of CPO and palm kernel
20/08/2024 (New Straits Times), Kuala Lumpur - Johor Plantations Group Bhd's (JPG) net profit jumped nearly threefold to RM49.74 million in the second quarter ended June 30, 2024 (2Q24) from RM12.65 million a year ago, from higher revenue selling crude palm oil (CPO) and palm kernel (PK).
FGV produces first batch of EUDR-compliant crude palm kernel oil
20/08/2024 (Ofi Magazine) - Leading Malaysian agribusiness FGV Holding has produced its first batch of European Union Deforestation Regulation (EUDR)-compliant crude palm kernel oil (CPKO), New Straits Times reported.
Malaysia keeps September crude palm oil export duty at 8%
20/08/2024 (Reuters), Kuala Lumpur - Malaysia has maintained its export tax for crude palm oil at 8% in September and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Paneer made with veg oil, FDA collects samples
21/08/2024 (Times of India), Noida - A Greater Noida resident claimed a block of paneer he bought from a local store was laced with vegetable oil — a commonly used as adulterant to keep cottage cheese soft for long.
