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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
Solvent extractors favour ‘bilateral safeguard duty’ in revised ASEAN agreement
24/10/2023 (The Hindu Business Line) - The Solvent Extractors’ Association of India (SEA) has stressed the need for provision of “bilateral safeguard duty” in the revised ASEAN agreement.
Jelebu MP urges palm oil exporters to contribute to oil palm replanting fund
KUALA LUMPUR (Oct 23): Exporters dealing in palm oil and palm-based products should contribute to the oil palm replanting fund to support oil palm smallholders, said Member of Parliament from Jelebu Datuk Seri Jalaluddin Alias.
Palm tracks rival oils lower; exports, weaker ringgit cap losses
Malaysian palm oil futures fell on Monday, weighed by weakness in rival Dalian vegetable oils and crude oil, although weakness in the Malaysian ringgit and strong export data limited losses.
Ensuring fair CPO prices
It is not Indonesia’s position as the world’s largest crude palm oil (CPO) producer, with a 60 percent share of the global supply, but market confidence in the pricing mechanism at the newly established Crude Palm Oil Futures Exchange in Jakarta, that will determine the success of the bourse in becoming a credible price-discovery center.
Two alternative sources of renewable energy Malaysia could harness
Malaysia has a couple of alternative sources of renewable energy that could be harnessed:
U.S. Soybeans Facing Increased Export Competition as Brazilian Soybeans to China Jump
Bloomberg writer Tarso Veloso Ribeiro reported last week that, “A sevenfold jump in Brazilian soybean shipments to China for next month highlights how the US is losing influence over one of the world’s most important agricultural markets.
HLIB raises 2024 CPO price assumption to RM4,000/mt
KUALA LUMPUR (Oct 24): Hong Leong Investment Bank (HLIB) Research has maintained its “neutral” rating on the plantation sector and said the current weakness in crude palm oil (CPO) price will likely be temporary (and recover from 2024), supported by favourable palm oil, gas oil (POGO) spread and heightened supply risk from El Nino.
CPO futures to sustain its positive momentum
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to sustain its positive momentum on better demand this week
Nigeria’s palm oil imports from Malaysia increased by 65.3% – Report
Nigeria’s palm oil imports from Malaysia, a leading global producer, increased by 65.3 per cent in the first nine months of 2023.
