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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
No plans to restrict export of crude palm oil, says Zuraida
KUALA LUMPUR: There are no plans by Malaysia to restrict the export of crude palm oil (CPO), said Datuk Zuraida Kamaruddin.
Council of Palm Oil Producing Countries to add four new members, says Zuraida
KUALA LUMPUR (Nov 16): The Council of Palm Oil Producing Countries (CPOPC) will add four new members, namely Colombia, Ghana, Honduras and Papua New Guinea, according to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Indian palm oil imports up 15% in 2020-21, returns to pre-pandemic market share
India's palm oil purchases rose 15% in the marketing year 2020-21 (November-October) even though total vegetable oil imports stayed put, national trade body, the Solvent Extractors' Association of India (SEA) said in a release Nov. 16.
Crude palm oil options get SEBI nod
MCX may launch trade by year-end Market regulator Sebi has approved MCX application to launch options trading on crude palm oil futures. The exchange is expected launch the CPO options in December-end or early next year, sources said.
Palm oil to fall to 4,822 ringgit; monthly spread to blame
SINGAPORE: Palm oil may fall into a range of 4,769-4,822 ringgit per tonne, as it faces a resistance at 4,998 ringgit.
Vietnam-Malaysia panel on bilateral ties convenes sixth meeting
HANOI (Vietnam News/Asia News Network): Vietnamese Minister of Foreign Affairs Bùi Thanh Sơn and his Malaysian counterpart Saifuddin Abdullah co-chaired the sixth meeting of the Vietnam – Malaysia Joint Committee for Economic, Scientific and Technological Cooperation on Monday (Nov 15).
EU Targets Key Commodities in New Rules to Prevent Deforestation
The European Commission will propose new rules Wednesday for companies selling six major commodities in Europe aimed at ensuring their goods aren’t contributing to deforestation and are legal in their country of origin, according to a document seen by Bloomberg.
VEGOILS-Palm oil gains on signs of slowing output, higher exports
KUALA LUMPUR, Nov 17 - Malaysian palm oil futures rose on Wednesday, underpinned by estimates of weaker production and higher exports during the first half of November.
My Say: The palm oil industry can be net-zero carbon by 2040
As chemical engineers and members of IChemE’s POPSIG (The Institution of Chemical Engineers’ Palm Oil Processing Special Interest Group), we have been closely following the COP26 climate change summit in Glasgow, which ran from Oct 31 to Nov 12. Ahead of COP26, we noted that on Sept 27, Prime Minister Datuk Seri Ismail Sabri Yaakob announced that Malaysia was committed to its target of becoming a carbon-neutral nation by as early as 2050. Ismail Sabri accelerated plans on Oct 11 to reduce the intensity of greenhouse gas (GHG) emissions across the economy by 45% based on the GDP in 2030. Our stand would be tabled at COP26.
