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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 ENDS HIGHER AMID WEAKER PRODUCTION OUTLOOK
07/11/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Thursday amid a weaker production outlook in Malaysia, a trader said. Palm oil trader David Ng said the stronger expected demand for palm oil with lndonesia looking to increase its biofuel mandate also lifted market sentiment.
Indonesia adopts DNA tracing for palm oil seed quality
07/11/2024 (Antara), Bali - The Ministry of Agriculture is implementing DNA tracing technology to identify parent palm oil trees and preserve their seeds for planting, aiming to sustain productivity in the national palm oil industry.
Positive growth for plantation sector, amid rising CPO prices
07/11/2024 (New Straits Times), Kuala Lumpur - Hong Leong Investment Bank Bhd (HLIB Research) anticipates positive growth for Malaysia's plantation sector in the third quarter of 2024 (3Q24), driven by a surge in crude palm oil (CPO) prices.
India’s Oct palm oil imports hit 3-month high on festive demand
06/11/2024 (Free Malaysia Today), Mumbai - India’s palm oil imports surged 59% in October to a three-month high compared to the previous month, as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports in recent months and strong festive demand, five dealers said.
Brazil’s Grupo Potencial set to invest US$109M in biodiesel plant
06/11/2024 (Oils & Fats International) - Brazil’s privately owned Grupo Potencial is planning to invest BRL 600M (US$108.86M) to increase biodiesel output at one of its plants, according to a Reuters report.
Palm oil ends higher on rival oils strength, weaker ringgit
06/11/2024 (Reuters), Jakarta - Malaysian palm oil futures closed up on Wednesday, supported by gains in rival vegetable oils and a weaker ringgit, while investors look for cues from an industry conference in Indonesia starting later this week and Malaysian Palm Oil Board data due next week.
USDA: September biodiesel exports up when compared to last year, imports down
06/11/2024 (Biodiesel Magazine) - The U.S. exported 67,975.3 metric tons of biodiesel and biodiesel blends of B30 or greater in September, according to data released by the USDA Foreign Agricultural Service on Nov. 5. Biodiesel imports were at 88,055.9 metric tons for the month.
Palm oil prices set to rally in 2025, with AmInvestment now overweight on plantation
05/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.
Monitoring in South intensified to prevent smuggling of palm oil
05/11/2024 (The Nation) - The Department of Internal Trade is intensifying monitoring in southern border areas to prevent smuggling of palm oil amid rising domestic prices.
