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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
MPOB signs MoU with Indian trade body
05/08/2023 (The Borneo Post), New Delhi - The Malaysian Palm Oil Board (MPOB) has signed a memorandum of understanding (MOU) with an Indian trade body to promote the exchange of vegetable oil sector knowhow between the two countries.
Commodities Ministry to propose oil palm replanting grants to MOF, says Fadillah
06/08/2023 (The Star Online), Kuala Langat - The Plantation and Commodities Ministry (KPK) will propose oil palm replanting grants to the Finance Ministry (MOF), said Deputy Prime Minister Datuk Seri Fadillah Yusof.
Palm oil producers Malaysia, Indonesia set up task force to promote mutual understanding of EU Deforestation Regulation
05/08/2023 (Malay Mail), Kuala Lumpur - The world’s largest palm oil producers, Malaysia and Indonesia, have agreed to set up an ad hoc joint task force (JTF) to establish dialogue and relevant workstreams to build mutual understanding on the implementation of the European Union Deforestation Regulation (EUDR) and its core aspects, including benchmarking
Palm oil rebounds but on course for second weekly decline
04/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose on Friday from a one-month closing low in the previous session, although the contract is headed for a second weekly loss.
Asian Palm Oil Association says oil palm cultivation can unlock Sri Lanka’s economic potential
04/08/2023 (Daily FT) - Sri Lanka’s recent decision to either temporarily ban or restrict palm oil cultivation has attracted significant attention both domestically and internationally. As a result, the Asian Palm Oil Association (APOA), a multilateral body representing the industry across India, Bangladesh, Nepal, Sri Lanka, and Pakistan, has expressed concerns about the significant negative impact of these policy decisions for Sri Lanka.
Palm hits one-month closing low on weaker rivals, lacklustre demand
03/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended early losses on Thursday, hitting its lowest closing since the end of June as it tracked losses in rival edible oils and concerns over sluggish demand.
IFC accords $150m loan to Olam to boost palm oil production in Gabon
03/08/2023 (North Africa Post) - The World Bank’s private sector financing arm, International Finance Corporation (IFC), has provided a credit package of $150 to Olam Palm Gabon, the subsidiary of Singapore-based Olam International, to boost the company’s production of palm oil in the central African country.
Palm oil plantations absorb more carbon than tropical forests, claims Indonesian palm lobbyist
02/08/2023 (Eco Business) - Palm oil plantations are better at absorbing carbon than tropical forests, an executive for the Indonesian government’s palm oil agency claimed on Tuesday (1 August), despite scientific evidence that proves the opposite.
GAPKI Escalates Palm Oil Exports to China, India Following EU Deforestation Law
02/08/2023 (Tempo.co), Jakarta - The Indonesian Palm Oil Association (GAPKI) chairperson Eddy Martono stated that his side is eyeing China as its largest destination for palm oil exports.
