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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
EU palm oil spat sours relations with Malaysia, Indonesia
18/03/2024 (DW) - A World Trade Organization (WTO) panel ruled earlier this month on a complaint brought by Malaysia against the European Union over the bloc's plans to phase out the import of palm oil as biofuel because of environmental concerns.
Malaysian palm oil producers welcome expected delay in EUDR regulations
18/03/2024 (Confectionery Production) - Palm oil producers in Malaysia have reportedly welcomed plans from the EU that would see a delay in implementing its much-publicised deforestation regulation policies that have met with fears in South East Asia and Latin America over elevated costs for farmers, reports Neill Barston.
Soybean oil futures now available for trading on Bursa Malaysia Derivatives
18/03/2024 (The Edge Malaysia), Kuala Lumpur - Bursa Malaysia Derivatives Bhd (BMD) has commenced trading of the Bursa Malaysia DCE Soybean Oil Futures (FSOY) contract, the first non-palm-based edible oil futures contract listed on the exchange.
Brazil’s Chamber of Deputies approves proposal to raise biodiesel mandate to 20% in 2030
18/03/2024 (Fastmarket) - The Brazilian Chamber of Deputies approved late Wednesday the Fuels of the Future proposal that increases the rate of mandatory blending of biodiesel in diesel.
Indonesia begins red cooking oil production with plant in North Sumatra
16/03/2024 (The Star Online), Jakarta - President Joko Widodo inaugurated Indonesia’s first red cooking oil production facility in North Sumatra this week, aiming to advance the country's palm oil industry and empower farmers.
Malaysia keeps April crude palm oil export duty at 8%
15/03/2024 (The Star Online), Kuala Lumpur - Malaysia maintained its export tax for crude palm oil at 8% for April and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Friday.
CPO futures to trade at current levels with upside bias next week
16/03/2024 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade at current levels with an upside bias next week.
Foreign workers are already getting minimum salary -MPOB
16/03/2024 (New Straits Times), Kuala Lumpur - The Malaysian Palm Oil Board (MPOB) is of the opinion that aligning minimum wages for foreign workers as wished by the Indonesian government poses no issue.
