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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Malaysia keeps September crude palm oil export duty at 8%
22/08/2023 (The Star Online), Kuala Lumpur - Malaysia maintained its export tax for crude palm oil at 8% for September and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
India vegetable oil industry group to explore palm oil trade with Thailand
22/08/2023 (The Edge Malaysia), New Delhi - A group of Indian vegetable oil importers and refiners will explore new business opportunities in Thailand's palm oil sector.
SEA delegation to explore collaboration potential with Thai palm oil industry
22/08/2023 (The Hindu Business Line) - A delegation of the Solvent Extractors’ Association (SEA) of India will be visiting Thailand to explore the potential for collaboration with the palm oil industry in Thailand.
Sarawak Plantation reports 45% drop in 2Q profit amid lower CPO, PK prices
22/08/2023 (The Edge Malaysia), Kuala Lumpur - Sarawak Plantation Bhd’s net profit fell 45% to RM16.56 million or 5.93 sen per share in the second quarter ended June 30, 2023 (2QFY2023), from RM30.01 million or 10.75 sen per share a year ago, as operating profit dropped and revenue declined amid lower realised average selling prices of crude palm oil (CPO) and palm kernel (PK), despite higher sales volume.
Palm oil erases Monday’s gains on weaker rivals
22/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures finished nearly 2% lower on Tuesday following a dip in rival edible oils, although strong export data helped limit losses.
Innoprise profit falls 65% on lower CPO, palm kernel prices; pays 2.25 sen dividend
21/08/2023 (The Edge Malaysia), Kuala Lumpur - Innoprise Plantations Bhd posted a 65.18% decline in net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM10.77 million from RM30.94 million a year prior, mainly due to lower average selling prices of crude palm oil (CPO) and palm kernel (PK).
Palm rebounds tracking rival oil strength higher, stronger exports
21/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures recovered on Monday mirroring strength in rival edible oils, while firm export data supported sentiment.
China to Import More Indonesian Palm Oil in 2024: Gapki
21/08/2023 (Jakarta Globe), Jakarta - China will likely purchase 8 million tons of Indonesian palm oil in 2024 after imports suffered a decline amid the Covid-19 pandemic, according to an association of the commodity’s producers.
RSPO trains 500 Edo farmers, others on sustainable palm oil production
21/08/2023 (Business Day Nigeria) - The Roundtable on Sustainable Palm Oil (RSPO) has trained no fewer than 500 farmers, government officials, media practitioners, civil society organisations, non- governmental organisations in Edo State on sustainable palm oil production.
