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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm slips over 1% on weaker soyoil, bearish MPOB data
Investment in downstream palm oil industry not satisfactory
29/11/2023 (The Borneo Post Online), Kota Kinabalu - The amount of investment put into Sabah’s downstream palm oil industry last year is less than satisfactory, said Industrial Development and Entrepreneurship Minister Datuk Phoong Jin Zhe.
Oil palm industry, SLAAS and NSF are advocating for a re-evaluation of policy by Govt of SL on the industry
29/11/2023 (Lanka Business Online) - The Sri Lanka Association for the Advancement of Science (SLAAS) and the National Science Foundation (NSF) hosted a workshop to review the policy on Oil Palm Cultivation in Sri Lanka.
IOI Corp expects positive growth in FY24
29/11/2023 (The Star Online), Petaling Jaya - IOI Corp Bhd expects its operating and financial performance for the remaining quarters of its current financial year ending June 30, 2024 (FY24) to be satisfactory.
ITC Explores Possible Re-Entry Into Edible Oil Business With Wilmar Stake: Reports
28/11/2023 (Business World, India) - In a surprising turn of events, it has been reported that Kolkata-based conglomerate ITC is contemplating a potential re-entry into the edible oil business, nearly two decades after it divested its edible oil plant in Andhra Pradesh to Adani Wilmar. According to media reports, ITC's interest in Adani Wilmar has been sparked by its growing focus on branded commodities.
Quota for subsidised cooking oil set at 60,000 tonnes
28/11/2023 (The Star Online) - THE quota of 60,000 tonnes of subsidised cooking oil a month is sufficient if used solely by locals and not foreigners, says Fuziah Salleh.
Leakages: Audit on subsidised cooking oil implemented since October, says Armizan
28/11/2023 (Malay Mail), Putrajaya - The government has been conducting an audit on subsidised cooking oil in every state and district since October this year to resolve the issue of leakages, said Acting Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.
Johari moots replacing packet cooking oil subsidies with cash aid
27/11/2023 (Free Malaysia Today), Kuala Lumpur - Johari Ghani (BN-Titiwangsa) has suggested that Putrajaya replace the subsidies for cooking oil sold in 1kg polybags with direct cash aid to curb leakages.
Palm firms on stronger rival oils but poor demand limits gains
28/11/2023 (Hellenic Shipping News) - Malaysian palm oil futures ticked up on Tuesday after range-bound trade, supported by strength in rival edible oils, although poor demand and expectations of declining production kept the contract near a two-week low.
Malaysia, Indonesia seek allies in EU deforestation row
27/11/2023 (DW) - Malaysia and Indonesia want to bring other Southeast Asian countries on their side amid ongoing disputes with the European Union over environmental and deforestation regulations that are set to take effect in late 2024, with the two nations worried about the regulations' impact on the region's agriculture exports.
