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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm slips over 1% on weaker soyoil, bearish MPOB data
Indonesia to Accelerate Smallholders` Palm Oil Replanting Program
20/09/2023 (Tempo.Co) - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).
VEGOILS-Palm falls to one-week low as weaker rivals outweigh export data
21/09/2023 (Nasdaq), Singapore - Malaysian palm oil futures fell to their lowest in over a week on Thursday, tracking weakness in rival oils which offset support from improving exports.
Used cooking oil being developed as aviation fuel: Ministry
21/09/2023 (Antara News), Jakarta - The Indonesian Industry Ministry stated that the potential of used cooking oil, currently being developed globally, could be tapped to serve as sustainable aviation fuel (SAF).
Warisan: 7.5% palm oil sales tax a burden on smallholders
20/09/2023 (The Star Online), Kota Kinabalu - The sales tax of 7.5% on palm oil should be reduced as it is a burden on smallholders in Sabah, especially at a time when they are unable to maximise profits, says Parti Warisan deputy president Datuk Darell Leiking.
Palm oil closes at one-week low on weaker rival oils
20/09/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell on Wednesday to their lowest closing in one week, weighed by weaker rival edible oils, although losses were capped by better exports.
Uganda is looking to revamp its edible oil business following a massive decline
20/09/2023 (Business Insider Africa) - In an effort to boost its dwindling exports of edible oil, Uganda has started the reconstruction of important routes of entry to oilseed projects in 81 areas.
Status quo for plantation windfall tax seen, but ‘could be tweaked higher’ — MIDF Research
19/09/2023 (The Edge Malaysia), Kuala Lumpur - Planters are expected to enjoy lower production costs and improved crude palm oil prices in 2024, said MIDF Research, on the back of easing fertiliser prices and lower production seen due to El Nino.
Malaysia keeps October crude palm oil export duty at 8%
KUALA LUMPUR: Malaysia has maintained its October export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
TEMPO.CO, Jakarta - Plantation DG at the Ministry of Agriculture Andi Nur Alamsyah stated that the national palm oil productivity only reached 3 to 4 million tonnes per hectare. Thus, the government intends to push for the smallholders' palm oil replanting program (PSR).
