|
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
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.
Indonesia raises price cap in palm oil domestic scheme, trade ministry says
19/08/2024 (Reuters), Jakarta - Indonesia has revised its rules on its palm oil domestic market obligation (DMO) scheme, raising the price cap in a bid to improve supplies of cheap cooking oil, the trade ministry said.
Crude sunflower oil futures rise on high demand
19/08/2024 (Zee Business) - Crude sunflower oil prices rose by Rs 8.70 to Rs 892.30 per 10 kilograms in the futures market on Monday, driven by increased spot demand and active trading on the Multi Commodity Exchange. The August delivery contracts saw a 0.98% rise, with a significant business turnover.
Palm oil downstream industry in Sabah attracting Chinese investors
19/08/2024 (New Straits Times), Kota Kinabalu - Sabah's palm oil downstream industry recently attracted three Chinese enterprises for an on-site visit in the state, said Datuk Chan Foong Hin.
