|
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
Palm oil price analysis as El Nino complicates supply dynamics
01/08/2023 (Invezz) - Palm oil price has staged a strong comeback in the past few weeks as investors refocus on the ongoing drought. After tumbling to 705 in May, the price surged to a high of 895 in July even as other commodity prices remained under intense pressure.
Flag carrier Garuda Indonesia tests palm oil-blended jet fuel
01/08/2023 (Channel News Asia), Jakarta - Flag carrier Garuda Indonesia said on Tuesday it is testing jet fuel mixed with palm oil in the engines of one of its Boeing aircraft, amid efforts to cut emissions in the aviation sector.
Palm oil closed down 3% on stronger ringgit, weaker rival oils
Malaysian palm oil futures closed down 3.02% on Monday, following a stronger ringgit and weakerrival oils, although the contract booked a monthly gain.
Indonesia to Use Biodiesel 35 Starting August
TEMPO.CO, Jakarta - The government will apply biodiesel 35 or B35 simultaneously nationwide starting Tuesday, August 1. B35 is a fuel with 35 percent biofuel (BBN) mixed into fuel oil (BBM). The B35 was first launched on February 1 this year.
Chin Teck likely to see better results in fourth quarter
PETALING JAYA: PublicInvest Research expects Chin Teck Plantations Bhd to see better results in the final quarter of the financial year 2023 (4Q23), underpinned by improved crude palm oil prices, supported by the current El Nino weather pattern.
Palm oil ends week lower on stronger ringgit
JAKARTA: Malaysian palm oil futures fell on Friday and posted a weekly decline, dragged by a stronger ringgit and weakness in rival edible oils.
USDA June soybean crush seen at 175.5 million bushels
CHICAGO, July 31 (Reuters) - U.S. soy processors likely crushed 5.265 million short tons of soybeans, or 175.5 million bushels, in June, according to the average forecast of eight analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.
Strategie Grains cuts EU oilseed crop estimates after dry weather
PARIS, July 31 (Reuters) - Crop consultancy Strategie Grains lowered its forecast for this year’s oilseed harvests in the European Union by a total of over 1 million metric tons, mainly to take account of damage caused by scorching weather in several parts the bloc.
State govts, oil palm firms launch mega drive till Aug 12 to increase oil palm cultivation
30/07/2023 (The Economic Times) - State governments along with oil palm processing firms have launched a mega drive till August 12 to increase the area under oil palm cultivation in the country, the Agriculture Ministry said on Sunday. The major oil palm growing states, namely, Andhra Pradesh, Telangana, Tamil Nadu, Odisha, Karnataka, Goa, Assam, Tripura, Nagaland, Mizoram, and Arunachal Pradesh will be participating in this initiative, it said.
