|
CPO price forecast to climb for rest of the year
CPO FUTURES HIT TWO-YEAR HIGH ON BULLISH SENTIMENT, STRONG EXPORTS
CPO price strength could dissipate through end-2024, says BMI
Positive growth for plantation sector, amid rising CPO prices
Ecoscience secures RM61.8 mil contract for palm oil plant construction
12/06/2024 (The Edge Malaysia), Kuala Lumpur - Ecoscience International Bhd (KL:EIB), an integrated palm oil milling services provider, has secured a RM61.8 million contract for the construction of a crude palm oil (CPO) pretreatment plant and a plant, machinery, and equipment (PME) plant in Port Dickson.
Johor Plantations, Kulim eye biggest Malaysian IPO in two years
12/06/2024 (The Business Times) - MALAYSIAN palm oil producer Johor Plantations Group (JPG) and a shareholder expect to raise about RM735 million (S$211 million) in an initial public offering (IPO), putting the group on track to execute the country’s biggest listing in over two years.
Palm oil tracks rivals soy oil and crude oil higher
12/06/2024 (Reuters), Singapore - Malaysian palm oil futures extended gains onWednesday, tracking highersoyoil and crude oil prices.
Prabowo must move with care in pursuit of biofuel leadership
13/06/2024 (Nikkei Asia) - Ahmad Munawir Siregar is a member of the research staff of the Purnomo Yusgiantoro Center, a Jakarta-based think tank focused on energy, natural resources and defense. Akhmad Hanan is a researcher at the center.
12/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures extended gains on Wednesday, tracking higher soyoil and crude oil prices.
June WASDE Maintains 2024-’25 Forecast For Soybean Oil Use In Biofuel Production
13/06/2024 (Biomass Magazine) - The USDA maintained its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, released June 12. The overall 2024-’25 outlook for soybeans includes higher beginning and ending stocks.
Palm oil ticks up on lower rapeseed projections
11/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures rose Tuesday, reversing midday losses, as lower rapeseed projections overshadowed U.S. soybean ratings, which were as expected.
Palm oil surrenders gains on weaker rivals, exports concerns
11/06/2024 (Business Recorder), Singapore - Malaysian palm oil futures reversed course to fall on Tuesday on weaker rival oils and lower export expectations in June, although a weaker ringgit limited losses.
CPO production projected to increase
12/06/2024 (The Star Online), Petaling Jaya - The plantation sector will likely see the impact of the hot and dry weather spell more towards the later part of 2024, but total production of the year will likely be higher year-on-year (y-o-y), helped greatly by the availability of adequate supply of labour to the sector.
