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CPO prices seen at RM4,400-RM4,600 on tighter supply
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
Palm slips over 1% on weaker soyoil, bearish MPOB data
USDA: US biodiesel imports down in February
The U.S. exported 15,689 metric tons of biodiesel and biodiesel blends of B30 and greater in February, down from 26,383.6 metric tons in January and 17,149.8 metric tons in February 2021, according to data released by the USDA Foreign Agricultural Service on April 5.
'Speed up foreign worker approval'
KUALA LUMPUR: Employers want the foreign worker issue to be resolved quickly and called on the government to expedite the application and approval processes in hiring them.
Oil palm growers to supply Europe amid sunflower oil shortage
(April 5): Oil palm growing nations will continue to supply the tropical oil to Europe as consumers in the region switch to alternatives due to the shortage of sunflower oil, according to the Council of Palm Oil Producing Countries.
69 Sustainable Oil Palm Growers Cooperatives nationwide as of February 2022
KUDAT (April 5): As of February this year, 69 Sustainable Oil Palm Growers Cooperatives (KPSM) have been established throughout the country, said Deputy Minister of Plantation Industries and Commodities, Datuk Seri Dr Wee Jeck Seng.
Palm extends gain on crude oil strength, tight stock outlook
Malaysian palm oil futures climbed for a second straight session on Tuesday, lifted by strength in crude oil futures and as surveys indicated tight end-March inventories in the world’s second largest producer.
Indian farmers hold back record rapeseed crop, limiting oil supplies
NIWAI, India (April 5): India has harvested a record rapeseed-mustard crop, but crushing could lose momentum in the coming months as many farmers are holding back from selling to oilseed processors in the hope prices will rally further.
Palm oil may rise into 5,855-5,966 ringgit range
SINGAPORE: Palm oil may gain more into a range of 5,855-5,966 ringgit per tonne, as suggested by a projection analysis. Market is still under a consolidation phase.
Bumper earnings seen for plantation firms
PETALING JAYA: The plantation sector is likely to see record earnings for the January to March quarter as crude palm oil (CPO) prices stay elevated.
Edible oil gets 24/7 policing in Indonesia as price soars
(April 4): Indonesia’s police will be deployed for a 24-hour surveillance of cooking oil production and distribution as rising food prices become a key political issue in the country.
