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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
VEGOILS-Palm oil retreats from 3-week high on slow exports
09/05/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures retreated on Tuesday from a near three-week high scaled in the previous session, as traders assessed slow exports against forecasts of a steep drop in supply ahead of key data.
Producers work to ensure palm oil is responsibly sourced
05/05/2023 (Baking Business) - Cargill will be opening a new palm oil refinery in Lampung, Indonesia, later this year, which will enable a fully integrated supply chain from plantation to customer. Cargill’s palm oil sustainability strategy builds on the company’s global priorities, delivering palm oil produced in accordance with No Deforestation, No Peat and No Exploitation (NDPE) practices, Ms. Ullmann said. The company works with a variety of partners to drive change.
Businesses at odds over edible oil VAT
09/05/2023 (New Age) - Edible oil refiners and wholesalers of the item are engaged in a tussle over the payment of the reinstated Value Added Tax, causing a delay in the supply of the commodity to traders from refineries.
Sliding edible oil prices: Traders’ body request govt to step in
08/05/2023 (Indian Express) - The state body of oil millers and oilseed traders has appealed to the Central government to step in to arrest the slide in retail prices of edible oils to protect the Indian oilseeds producers and reduce the country’s dependence on imports.
Europe should do more to support Indonesia’s farmers and SMEs
09/05/2023 (The Jakarta Post) - At the end of March, hundreds of oil palm farmers from across Indonesia rallied outside the European Union Embassy in Jakarta to protest a new regulation that bans the import of products made from agricultural commodities produced on recently deforested or degraded land.
Palm jumps to near three-week peak on lower output fears
08/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures surged more than 4% on Monday to its highest closing in nearly three weeks, as forecasts of a sharper decline in April output triggered production concerns.
Palm rises to highest in over two weeks on lower output fears
08/05/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures extended gains to a fourth consecutive session on Monday, hitting a more than two-week high, as forecasts of a sharper decline in April output triggered supply concerns.
Lebanon: Soaring inflation turns olive oil into a luxury
08/05/2023 (DW) - Lebanese olive oil has become unaffordable for many in the crisis-ridden country. As inflation bites and the US dollar reigns supreme, poorer people are forced to part with their traditional local diet.
