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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
CPO Futures End Higher Amid Soybean Oil Price Surge
08/08/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday due to increased soybean oil prices, said palm oil trader David Ng.
Palm oil snaps 3-day losing streak to settle higher
08/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures edged higher on Thursday after a three-day losing streak, buoyed by stronger rival Dalian contracts, though weaker crude oil prices and a firmer ringgit currency capped the gains.
Palm oil biofuels pushed to cut rice production cost
09/08/2024 (Philstar) Manila, Philippines — Biofuel advocates are pushing for innovative solutions to lower the cost of rice production, as President Marcos reaffirmed his commitment to bring down the price of the country’s main staple, which currently ranges from P45 to P65 per kilo.
FGV produces Malaysia's first EUDR-compliant crude palm kernel oil
08/08/2024 (New Straits Time), Kuala Lumpur - FGV Holdings Bhd cements its commitment to sustainable practices with the first production of its European Union Deforestation Regulation (EUDR) compliant crude palm kernel oil (CPKO).
Indonesia palm oil lobby pushes 1 million hectares of new Sulawesi plantations
08/08/2024 (Mongabay), Gorontalo, Indonesia - A palm oil industry body and a state-owned company are proposing a vast new palm oil plan encompassing around 1 million hectares (nearly 2.5 million acres) of new plantations across the Indonesian island of Sulawesi.
USDA: Biodiesel exports, imports both down in June
09/08/2024 (Biodiesel Magazine) - The U.S. exported 67,622.2 metric tons of biodiesel and biodiesel blends of B30 and greater in June, according to data released by the USDA Foreign Agricultural Service on Aug. 6. Biodiesel imports reached 99,610.1 metric tons for the month.
Palm oil surrenders early gains on weaker rival contracts
07/08/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures gave up early gains onWednesday to extend losses to a third session, as weaker rivals Dalian and Chicago contracts weighed on the market.
CPO futures end mixed on output concerns, higher crude oil prices
07/08/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended mixed on Wednesday as concerns over higher output weighed on prices despite higher crude oil prices, dealers said.
Indonesia begins testing to prepare 'B50' palm oil biodiesel mandate
07/08/2024 (The Edge Malaysia), Jakarta - Indonesia is carrying out tests ahead of plans by the incoming government to increase the palm oil-based biodiesel blending mandate to 50%, from 35% now, a government official said, raising industry concerns over supplies for exports.
