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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 retreats from 21-month high on stock outlook, weak exports
Indonesia sends cars to volcanic highlands for biodiesel tests
26/10/2022 (The Edge Markets) - Indonesia, the world’s biggest palm oil producer, is testing to see whether vehicles can run effectively on diesel blended with 40% cooking oil, and if it works well at higher altitudes. A successful outcome would shift more local supply toward biofuel and curb exports.
Indonesia testing efficiency of cars that run on cooking oil at high altitudes in drive towards greener vehicles
27/10/2022 (South China Morning Post) - Indonesia, the world’s largest palm oil producer, is testing to see if vehicles can run effectively on diesel blended with 40 per cent cooking oil, and if it works well at higher altitudes. A successful outcome would shift more local supply toward biofuel and curb exports.
Palm oil gains nearly 4% on weak ringgit, commodities rebound
Malaysian palm oil futures rose on Tuesday to their highest in nearly nine weeks, supported by weak currency and stronger rival vegetable oils and crude oil as traders awaited export shipments data for so far in October.
Palm oil imports: All-time high
September 2022 Pakistan’s highest-ever monthly palm oil import bill. Before this, the highest monthly palm oil imports were recorded just in August 2022. There are suggestions that Afghanistan has come into the equation, as an explanation to the rising imported quantity. That may or may not be true, but the quantity imported is nothing out of the ordinary.
Palm oil still targets 3,958-4,001 ringgit range
SINGAPORE: Palm oil still targets a range of 3,958-4,001 ringgit per tonne, as it remains below a resistance at 4,194 ringgit.
Sime Darby Plantation aims for higher oil yield
PETALING JAYA: Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s GenomeSelect (GS) seeds offer a promising future for the group, even though they are still in its nascent stages.
Funds boost confidence in CBOT soyoil amid global vegoil strength
Speculators last week staged their biggest Chicago soybean oil buying spree in just over a year, lifting their bullish soyoil bets past their soymeal ones for the first time since June.
U.S. agricultural futures close mixed
CHICAGO, Oct. 25 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Tuesday, with corn and soybean rising and wheat falling.
MPOA upbeat on CPO outlook
25/10/2022 (The Star Online), Petaling Jaya - While acknowledging the road ahead may still be bumpy for the palm oil sector, Malaysian Palm Oil Association (MPOA) chief executive Joseph Tek Choon Yee is maintaining a bullish outlook, on the back of sustained global demand as well as plans to cooperate with the government for the benefit of the industry.
