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CPO Futures Set To Trade Higher Next Week On Rising Crude Oil Prices
Malaysia’s Palm Oil Stocks Down 3.94 Pct To 2.7 Million Tonnes In February 2026 – MPOB
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO FUTURES RALLY ABOVE RM4,500 PER TONNE, HIGHEST SINCE OCTOBER LAST YEAR
Gov’t Wants Orders Suspending Importation Of Edible Oils Lifted, Argues Ksh.17B Could Be Lost
09/08/2023 (Citizen Digital) - The government has asked the court to lift orders that suspended the decision to import 125,000 metric tonnes of duty free edible oils.
Palm Oil Crisis Grips Nigeria: The Time for Action is Now
09/08/2023 (Nairametrics) - One of the biggest casualties of the Nigerian civil war was the local palm oil production industry.
Sabah earns RM6.22b from crude palm oil tax from 2018, among biggest earners for state coffers
08/08/2023 (Malay Mail), Kota Kinabalu - The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year.
VEGOILS-Palm oil hits near six-week low on poor demand, weaker rivals
08/08/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures fell for a second session on Tuesday, hitting their lowest in nearly six weeks due to heavy losses in rival edible oils and poor demand.
Assam sets a target to bring 3.75 lk hectare under oil palm cultivation
08/08/2023 (The Economic Times) - Chief Minister Himanta Biswa Sarma led the state in joining the movement in producing edible palm oil when he along with Yoga Guru Ramdev planted saplings of oil palm at Saikhowaghat in Tinsukia today.
Indonesia Sees Opening to Conclude Long-Awaited Trade Deal with EU
09/08/2023 (Jakarta Globe), Jakarta - The formation of a joint task force on the European Union's anti-deforestation law gave Indonesia some hope that it would be able to conclude its overdue trade deal with the 27-member bloc, according to a senior minister.
Indonesia and Malaysia form task force with EU to address deforestation regulation
08/08/2023 (Energy Portal EU) - Indonesia and Malaysia, which account for approximately 85% of global palm oil trade, have agreed to establish an ad hoc task force with the European Union (EU) to address issues related to the EU Deforestation Regulation (EUDR), according to Indonesia’s Coordinating Ministry for Economic Affairs. The EUDR, which came into effect on June 29, imposes traceability and due diligence requirements on imports of palm oil, among other commodities, and restricts products produced on land subject to deforestation since December 31, 2020. The task force held its inaugural meeting in Jakarta on August 4, where participants agreed on terms of reference, including smallholders in the supply chain, national certification schemes, and scientific data on deforestation and forest degradation. The three parties have set a deadline of the end of 2024 for the task force to complete its work, with the next meeting scheduled for November 2023.
VEGOILS-Palm oil ticks down on higher stocks, poor demand outlook
07/08/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures eased on Monday on range-bound trading, weighed by expectations of higher supply in the world's second-largest producer and sluggish demand.
Palm oil range-bound as stocks outlook counters Black Sea woes
07/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures were range-bound on Monday, as traders weighed forecasts of higher inventories against global supply concerns amid an escalation of tension in the Black Sea.
