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CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
US Import Tariffs On Vegetable Oils To Shift Demand And Supply
14/11/2024 (Business Today) - US President Trump’s plans to roll out blanket import tariffs could reduce or stop imported vegetable oil and fat supplies, pushing the US crush industry to build new plants and expand capacity, as American farmers are worried that US’ protectionist stance will limit their access to top soy buyers from China, reported Reuters on Wednesday.
ICE canola futures break lower
14/11/2024 (Reuters), Winnipeg - ICE canola futures fell for a third straight session on Thursday, dropping below a moving average that had recently acted as a support level on signs of slowing commercial demand, traders said.
CPO Futures End Lower on Profit-taking
14/11/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, reversing a significant portion of the gains achieved in previous days, a trader said.
Biodiesel Coalition of Missouri’s Biodiesel Credit Program is now open
15/11/2024 (Biodiesel Magazine) - The Biodiesel Coalition of Missouri is opening a cost-share opportunity for fleets – the Biodiesel Credit Program. This annual program is reserved for fleet operations located in Missouri that are utilizing biodiesel blends of B6 or higher.
Palm oil falls on heavy losses at Dalian rival oils
13/11/2024 (Reuters), Jakarta - Malaysian palm oil futures fell for a second session in a row on Wednesday, dragged down by the heavy losses in prices of rival vegetable oils in Dalian.
India's October palm oil imports rise 60% m/m, trade body says
13/11/2024 (Reuters) - India's palm oil imports in October rose 60% from September to 845,682 metric tons on festive demand and as refiners boosted purchases to replenish stocks depleted by lower-than-usual imports recently, the Solvent Extractors' Association of India (SEA) said on Wednesday.
Johor Plantations optimistic as prices stay high after net profit rises 13% in 3Q
13/11/2024 (The Edge Malaysia), Kuala Lumpur - Palm oil producer Johor Plantations Group Bhd (KL:JPG) said on Wednesday it is optimistic on the remaining months of the year thanks to strong prices after net profit rose 13% in the third quarter.
Fatty Alcohol Prices Rise as Palm Oil Supply Tightens: Asian market Faces Price Pressure
13/11/2024 (Chemanalyst) - The prices of Fatty Alcohol, a vital ingredient in the production of cosmetics, detergents, and industrial applications, have been steadily increasing in recent weeks across major exporting nations such as Indonesia and Malaysia. As both countries account for over 80% of global palm oil supply, the rise in Fatty Alcohol prices is a direct reflection of the pressure on palm oil prices, which have surged in recent months. Countries like India and China, major importers of Fatty Alcohol, are also witnessing similar price increases due to their reliance on imports from these key producers.
Bursa Malaysia aims to launch used cooking oil futures in December
13/11/2024 (The Edge Malaysia) - Bursa Malaysia Derivatives Exchange (BMD) is planning to launch its new used cooking oil (UCO) futures contract as early as December, the director of the Malaysian bourse said on Wednesday.
