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CPO futures end higher on worries over weaker palm oil production
CPO prices set to trade between RM3,800 and RM4,200 per tonne in 2H2024, says MPOC
Palm oil set to rise in 2H as La Nina poses supply risk
CPO prices stay above RM4,000 for second straight day
FGV submits petition to US Customs and Border Protection for modification of palm oil import ban
09/07/2024 (Malay Mail), Kuala Lumpur - FGV Holdings Berhad (FGV) announced that it has submitted a petition to the United States Customs and Border Protection (CBP) seeking the modification of the Withhold Release Order (WRO) imposed on its palm oil and palm oil products since September 2020.
Germany’s UFOP warns current rapeseed output ‘insufficient’ to meet demand
09/07/2024 (Fastmarkets) - Germany’s vegetable oil trade group UFOP warned that current global rapeseed production forecasts suggest there will not be enough of the oilseed available to meet demand and pushed for more planting in 2025 in a press release published on Thursday July 4.
France remains primary rapeseed producer of the EU-27
09/07/2024 (Biofuels International) - The EU Commission expects a decrease in rapeseed harvests in Romania, Germany, Poland and the Czech Republic in 2024 compared to the previous year.
EIA: US Biofuel Capacity Expands In April
10/07/2024 (Biodiesel Magazine) - U.S. operable biofuels production capacity increased in April, with gains for ethanol, biodiesel and renewable diesel, according to data released by the U.S. Energy Information Administration on June 28. Feedstock consumption was down from the previous month.
Johor Plantations ready for tougher ESG rules with IPO
09/07/2024 (The Edge Malaysia) - Johor Plantations Group Bhd (KL:JPG) will use funds raised in its RM735 million initial public offering (IPO) to build a palm oil operation powered by clean energy, as it navigates increasingly tough regulations in key markets like Europe.
Indonesia's Prabowo-Gibran administration expected to strengthen palm oil
08/07/2024 (The Star) - The next government, which will be led by Prabowo Subianto-Gibran Rakabuming Raka (pic), is expected to strengthen the competitiveness of palm oil products as a strategic commodity for domestic and foreign markets, a scholar said, reported Indonesian News Agency (Antara).
Palm oil exports put at 800,000 tonnes
08/07/2024 (Bangkok Post) - Thailand expects to export 800,000 tonnes of crude palm oil this year, aiming to stabilise the prices of local fresh palm nuts.
CPO Futures likely to see muted trading next week ahead of MPOB report
07/07/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to see muted trading next week ahead of the Malaysian Palm Oil Board's (MPOB) key crop report, said a trader.
Malaysian palm oil futures higher
07/07/2024 (Business Recorder), Jakarta - Malaysian palm oil futures closed with their best week in five, even as prices fell on Friday as traders chose to book profits ahead of a long weekend.