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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
CPO futures to trade with upward bias next week
11/12/2021 (The Star) - KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upward bias next week, a dealer said.
Palm oil producers adjust to labour shortages, higher recruitment costs
KUALA LUMPUR: Malaysia’s palm oil producers are racing to adjust to an acute shortage of workers due to Covid-19 and sharply higher costs of recruitment as they make changes in response to accusations of forced labour.
EU sees biofuel consumption fall by 2031, palm oil imports slump
PARIS: Biofuel consumption in the European Union is set to fall by 2031 as road transport moves away from fossil fuel, while palm oil imports would plummet, slashed by stricter environment regulation, the European Commission said on Thursday.
Ministry teams up with palm oil think tank to present thorough case to EU
KUALA LUMPUR (Dec 9): The Ministry of Plantation Industries and Commodities is engaging with a think tank in the palm oil industry to present a thorough case to the European Union (EU) in January next year to address the anti-palm oil campaign and forced labour allegations.
Commodity prices to ease in 2022, says Fitch Solutions
KUALA LUMPUR (Dec 10): Fitch Solutions Country Risk & Industry Research expects commodity prices to ease in 2022 from current levels and forecast most commodity prices to average lower on a year-on-year (y-o-y) basis as supply improves and demand growth eases.
Brazil to harvest 142.8m mt of soybeans, 117.2m mt of corn: Conab
Brazil is expected to produce142.8 million mt of soybeans and 117.2 million mt of corn in the 2021/22 marketing year, the country’s food agency Conab showed in its third 2021/22 crop estimates report released Thursday.
CPO futures end lower on weaker soybean oil price
KUALA LUMPUR (Dec 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday following weakness in the overnight Chicago Board of Trade's (CBOT) soybean oil market and the Dalian Commodity Exchange during Asian trading hours.
Malaysian palm oil sustainably produced, does not involve permanent forest reserves — ministry
KUALA LUMPUR (Dec 7): Malaysia remains committed to ensuring that oil palm plantations are operated in a sustainable manner, including measures such as banning them in permanent forest reserves and limiting the size of planted areas to 6.5 million hectares nationwide.
Malaysia end-Nov palm oil stocks seen hitting 4-month low as exports jump
Malaysia’s palm oil stockpile at the end of November likely slipped to a four-month low as a surge in exports outpaced a small rise in production, a Reuters survey showed.
