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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm slips over 1% on weaker soyoil, bearish MPOB data
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Cpo Futures Fall As Weaker Demand, Rising Output Weigh On Prices
21/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, pressured by expectations of weaker domestic demand, according to market sources.
Malaysian palm oil extends losses amid China tariff fears, weak demand
22/11/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed lower for a second consecutive session on Thursday, as fears of US tariffs imposed on China and muted demand for palm sparked a sell-off in the vegetable oils market.
BMI projects average palm oil price for 2025 at RM3,900
21/11/2024 (Bernama), Kuala Lumpur - BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024.
Palm oil industry drives business activities in remote areas: Ministry
21/11/2024 (ANTARA), Jakarta - The Industry Ministry stated that the palm oil processing industry helped to improve productive business activities, especially in the remote, frontier, and outermost (3T) areas.
IBB: Iowa Celebrates Record Biodiesel Sales
21/11/2024 (Biodiesel Magazine) - The Iowa Biodiesel Board is celebrating a milestone in the adoption of biodiesel blends, with sales in 2023 reaching 486.5 million gallons, nearly tripling from the 160.8 million gallons recorded in 2007. The news comes from the state’s new Biofuel Tax Credits Program Evaluation Study, published by the Iowa Department of Revenue.
CPO futures close lower amid concerns over weaker demand
20/11/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday following concerns over an expectation of weaker demand in the coming weeks, which might raise the overall stock level in the country, said a dealer.
Hap Seng Plantations logs highest quarterly profits in nearly three years on strong prices, lower expenses
20/11/2024 (The Edge Malaysia), Kuala Lumpur - Hap Seng Plantations Holdings Bhd (KL:HSPLANT) logged its highest quarterly net profit in nearly three years boosted by strong palm oil prices and lower operating expenses but flagged rising costs ahead.
SD Guthrie's 3Q net profit down 37% on absence of disposal gain
19/11/2024 (The Edge Malaysia), Kuala Lumpur - SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, reported a 36.75% drop in net profit for the third quarter on Wednesday due to the absence of a gain on land disposal, despite higher crude palm oil (CPO) prices.
Indonesia to Assess Export Levies for Crude Palm Oil
20/11/2024 (Chemanalyst.news) - The Indonesian government is currently considering a review of the export levy on Crude Palm Oil (CPO), which is presently set at 7.5%, according to the several media reports. Dida Gardera, Deputy of Food and Agribusiness Coordination at the Coordinating Ministry for Economic Affairs, emphasized that the review is crucial to ensure two main objectives: enhancing farmer welfare by raising Fresh Fruit Bunch (FFB) prices while ensuring the global competitiveness of CPO prices.
