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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
India looking at record edible oil imports; August 2023 demand 35% higher than last year
14/09/2023 (Down To Earth) - India could soon see record imports of edible oil of over 16 to 16.5 million tonnes during the current oil year ending October 2023. Historically low rainfall in the month of August, along with other factors, is driving the high demand.
Smuggler caught red-handed filling cooking oil into chemical containers
13/09/2023 (13/09/2023 (New Straits Times), Kota Baru - A smuggler was caught red-handed while filing subsidised 1kg cooking oil in polybags into plastic containers yesterday, suspected of smuggling to the neighbouring country.), Kota Baru - A smuggler was caught red-handed while filing subsidised 1kg cooking oil in polybags into plastic containers yesterday, suspected of smuggling to the neighbouring country.
Govt asks NBR to rationalize sugar, cooking oil duties
13/09/2023 (Dhaka Tribune) - The Commerce Ministry has asked the National Board of Revenue(NBR) to further rationalize duty rates imposed on sugar and cooking oil imports, said Commerce Minister Tipu Munshi in the parliament on Tuesday.
Govt unlikely to raise import tariffs on edible oils
14/09/2023 (Financial Express) - The government us unlikely to raise the import duties on refined edible oils, despite the sharp drop in domestic prices and low-priced imports, official sources said.
Malaysia's planters can expect stronger demand rest of 2023
13/09/2023 (New Straits Times), Kuala Lumpur - The local plantation sector is expected to see a stronger demand throughout the remaining months in 2023, according to Public Investment Bank Bhd (PublicInvest)
Palm rises after seven-session slide as Chicago soyoil recovers
13/09/2023 (Business Recorder), Jakarta - Malaysian palm oil futures climbed on Wednesday, snapped a seven-session losing streak, with prices underpinned by a recovery in Chicago soyoil.
El Nino predicted to support CPO price
13/09/2023 (The Star Online), Petaling Jaya - Despite the uptrend in the palm oil stockpile, most analysts continue to maintain their crude palm oil (CPO) price assumption between RM3,800 and RM4,000 per tonne for the 2023-2024 period.
VEGOILS-Palm ends lower for 7-day following weaker rival oils
12/09/2023 (Nasdaq), Jakarta - Malaysian palm oil futures closed down on Tuesday, declining for seven sessions straight, following weakness in rival oilseeds.
Palm oil prices to climb by at least US$100 within next four to six months, says Mielke
12/09/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke.
