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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
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm slips over 1% on weaker soyoil, bearish MPOB data
Palm oil ends lower on profit taking, losses in Dalian contracts
02/09/2024 (Reuters), Jakarta - Malaysian palm oil futures extended losses and endedlower on Monday as investors booked profits, while losses inthe Dalian marketadded to the decline.
Nigeria and Indonesia Sign Agreement to Cooperate on Palm Oil
02/09/2024 (ChemAnalyst) - Nigeria and Indonesia have signed a Memorandum of Understanding (MoU) aimed at advancing palm oil production and expanding market opportunities, with a focus on modernizing practices and improving income for smallholder farmers. The agreement, signed in Abuja by the National Palm Produce Association of Nigeria (NPPAN) and the Indonesian Palm Oil Association (GAPKI), marks a significant step toward strengthening the palm oil industry in both countries.
African nations keen to boost palm oil capacity: FM Marsudi
02/09/2024 (Antara) Badung, Bali - Foreign Affairs Minister Retno Marsudi on Monday revealed that African countries expressed their interest in increasing the capacity of their palm oil industry during their meeting with President Joko Widodo (Jokowi).
Canola, sunflower to be cultivated over 0.85 and 0.77 mln hectares
02/09/2024 (APP), Islamabad - The government has set a target to cultivate canola over 0.85 million hectares and sunflower over 0.77 million hectares during the current year in order to fulfil the local requirements of edible oil and reduce the reliance on imported oil.
Indian Oil Sets New Benchmark in Sustainable Energy with Biodiesel Blending Milestone
02/09/2024 (NewsIP), New Delhi - Under the visionary leadership of IOCIAN's Mr. V Satish Kumar, Chairman of IndianOil, and with the esteemed guidance of Mr Ministers Hardeep Singh Puri and Nitin Gadkari, the company has been at the forefront of India's energy transition, driving innovation and sustainability in the sector.
Rising CPO prices in 2H to propel Hap Seng
02/09/2024 (The Star), Petaling Jaya - Hap Seng Plantations Holdings Bhd’s second-half (2H) earnings are expected to be better than its 1H on the back of higher sales volume and crude palm oil (CPO) prices, according to CGS International Research (CGSI Research).
Sarawak Oil Palms shares test one-month high after 2Q surprise
30/08/2024 (The Edge Malaysia), Kuala Lumpur - Shares of Sarawak Oil Palms Bhd (KL:SOP) rose on Friday to their highest in one month, after the plantation company reported second-quarter results that beat estimates.
Beef Fat Market to Reach $127.7 Billion by 2031, Driven by Rising Demand in Biodiesel and Animal Feed
01/09/2024 (EINPresswire), Wilmington, New Castle, Delaware, United States - According to a new report published by Allied Market Research, titled, “Beef fat Market," The beef fat market was valued at $59.8 billion in 2021, and is estimated to reach $127.7 billion by 2031, growing at a CAGR of 8.1% from 2022 to 2031.
Indonesia’s Palm Oil Strategy: Navigating New Challenges And Opportunities – Analysis
01/09/2024 (Eurasia Review) - Indonesia, as the world’s largest producer of palm oil, has long relied on the European Union (EU) as one of its key export markets. However, recent developments have led the Indonesian Palm Oil Association (GAPKI) to reassess the strategic importance of the European market.
