|
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
VEGOILS-Palm oil ticks higher from 8-week low, Omicron worries linger
KUALA LUMPUR, Dec 1 - Malaysian palm oil futures rose on Wednesday, after hitting an eight-week low in the previous session, as broader markets recovered from a sell-off sparked by concerns over the Omicron coronavirus variant, although lingering fears capped gains.
Indonesia to ramp up biodiesel efforts to meet green energy targets, official says
JAKARTA, Dec 1 (Reuters) - Indonesia will need to increase the bio-content of its palm oil-based biodiesel to 40% by 2024 or risk missing its renewable energy targets, a senior official said on Wednesday.
Indonesia to push back B40 rollout to 2025: MEMR
Indonesia is likely to implement 40pc biodiesel blending (B40) partially across some regions in 2025, with higher domestic hydrotreated vegetable oil (HVO) and distilled palm methyl ester (DPME) capacity needed to transition to nationwide B40 in later years.
MPIC refining applications from smallholders for oil palm replanting grant
KUALA LUMPUR: Applications from smallholders for grants through the Smallholder Oil Palm Replanting Stimulus Scheme approved under Budget 2022 are being refined, said Deputy Minister of Plantation Industries and Commodities (MPIC) Datuk Willie Mongin.
Indonesia to increase 2021 biodiesel allocation to meet higher fuel demand
JAKARTA - Indonesia will increase its 2021 biodiesel allocation by 213,033 kilolitres to 9.4 million kilolitres, its energy ministry said in a statement on Wednesday.
Palm oil downstreaming to increase added value of exports: minister
Jakarta (ANTARA) - Finance Minister Sri Mulyani emphasized that the downstreaming of palm oil is important to boost the added value of exports since palm oil is one of Indonesia's main export commodities.
Palm oil maker FGV posts Q3 profit jump, eyes output recovery
KUALA LUMPUR, Nov 30 (Reuters) - Malaysia's FGV Holdings (FGVH.KL), the world's largest crude palm oil producer, said on Tuesday its third-quarter profit nearly tripled from a year earlier as prices surged and forecast a return to full output by the second quarter of 2022.
Malaysia's palm oil giant FGV says migrant workers to enter by end-Q1 2022
KUALA LUMPUR, Nov 30 (Reuters) - Malaysia's palm oil planters are preparing to import an army of migrant workers to boost output hammered by the coronavirus pandemic, but the nation's largest producer said workers are only expected to start arriving by the end of March 2022.
CPO futures end lower on weaker CBOT performance
KUALA LUMPUR (Nov 30): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Tuesday, tracking weakness in the soybean oil market on the Chicago Board of Trade (CBOT).
