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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
VEGOILS-Palm extends losses after soybean selling momentum eases off
22/06/2023 (Nasdaq), Jakarta - Malaysian palm oil futures continued to fall for the third day on Thursday after a drop in soybean oil selling momentum, as well as a lower-than-expected U.S. biofuel mandate.
Palm oil falls for second day on US biofuel mandate
22/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a US plan to implement a smaller biofuel mandate than it had initially proposed.
Surge in edible oil imports cripple local units, tariff hike sought
23/06/2023 (Financial Express) - A sharp fall in the global prices of soyabean, palm and sunflower oils and lower Customs duties of edible oil have led to 18% increase in imports, prompting the domestic manufacturers to seek a policy correction.
Malaysia keeps July crude palm oil export duty at 8.0%
21/06/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its July export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.
S’wak planters group wants MPOB to give smallholders flexibility in purchase of oil palm seedlings
21/06/2023 (The Borneo Post), Miri - Sarawak Dayak Oil Palm Planters Association (Doppa) has called upon Malaysian Palm Oil Board (MPOB) to allow independent smallholders to purchase oil palm seedlings from the commercial plantation nurseries close to their farms to slash transportation costs.
Palm falls for second day on smaller-than-expected US biofuel mandate
31/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell for a second day on Wednesday following news of a U.S. plan to implement a smaller biofuel mandate than it had initially proposed.
MPs demand scrapping exemption on imported crude palm oil
22/03/2023 (Daily News) - MINISTER for Finance and Planning, Dr Mwigulu Nchemba has dropped a hint on plans for East African Community Common External Tariff (EAC CET) on scrapping of imported crude palm oil tariff.
For the love of samosas?
21/06/2023 (Business Recorder) - In a year of economic gloom and doom, Pakistan is all set to increase its edible oil imports by almost 10 percent during the now concluding FY23, building on gains from a crash in the global commodity prices. During 11MFY23, domestic solvent industry imported 3.6 million metric tons of crude edible oil or raw material equivalents (oilseeds), more than the volume imported in full fiscal year 2022-23. Pakistan’s total edible oil supply during FY23 is expected to clock in at 4.2 million metric tons, after accounting for 0.6 million metric tons extracted from locally produced oilseeds.
We expect palm oil prices to be fairly steady: Nadir Godrej, Godrej Agrovet
21/06/2023 (Economic Times) - We are quite hopeful of this year. We are doing better than the previous years. Some of our businesses have been challenged like Astec LifeSciences has been challenged, but we have our new R&D centre and there is a lot of interest for the new products that will come out of our R&D centre," says Nadir Godrej, Godrej Agrovet.
