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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
Indonesia accounts for 54% of global palm oil exports: minister
28/03/2024 (Antara News), Jakarta - Coordinating Minister for Economic Affairs, Airlangga Hartarto, has said that Indonesia is dominating global palm oil exports, accounting for 54 percent of world palm oil supplies.
CPO price may remain volatile
28/03/2024 (New Straits Times), Kuala Lumpur - TH Plantations Bhd (THP) cautioned over potential volatility in commodity prices, projecting crude palm oil (CPO) prices to fluctuate between RM3,500 and RM4,000 per tonne in 2024, compared to the average of RM3,809.50 per tonne in 2023.
Rushcliffe vegetable oil-powered bin lorries to cut emissions by 90%
25/03/2024 (West Bridgford Wire) - Rushcliffe Borough Council’s bin lorries are going veggie soon with most of its fleet switching to operate on hydrogenated vegetable oil (HVO) cutting their carbon dioxide emissions by 90 per cent.
Soybean oil consumption falls as consumers switch to mustard, palm oils
27/03/2024 (The Daily Star) - Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week
VEGOILS-Palm oil climbs on strong export data, weak output growth
25/03/2024 (Reuters), Jakarta - Malaysian palm oil futures rose on Monday, snapping two straight sessions of losses, underpinned by strong export data and weak output growth.
Kim Loong's 4Q net profit falls to three-year low on weaker palm oil prices, declares five sen dividend
26/03/2024 (The Edge Malaysia), Kuala Lumpur - Plantation firm Kim Loong Resources Bhd’s net profit for the fourth quarter ended Jan 31, 2024 (4QFY2024) fell 32.09% to RM24.87 million, from RM36.61 million a year ago, on weaker palm oil prices.
Edible oil price: Historic retreat
26/03/2024 (Business Recorder) - Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year. From rice and nuts holding the export front – palm oil has contributed the most in food category import savings during 8MFY24. We will never quite know what is contributing the most to the edible oil import slowdown, but Pakistan is not really waiting for those answers yet – as long as the dollar bill is manageable.
Declining Indonesian palm oil exports may affect domestic supply, officials say
25/03/2024 (Reuters), Jakarta - Indonesia's palm oil product exports slipped in January and February, raising concerns less of the edible oil will be available domestically because of the tie between overseas sales quotas and internal quotas, official said on Monday.
CPO futures end higher as Indonesia mulls change in DMO policy
25/03/2024 (The Malaysian Reserve), THE crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today due to robust export estimates for Malaysia, while Indonesia may impose restrictions on its exports, a dealer said.
