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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
Palm oil rises; cheaper rival oils cap gains
Malaysian palm oil prices gained in early trade on Thursday, reversing a sharp fall in the previous session, although weaker rival oils capped gains.
RSPO Enables Faster Detection And Prevention Of Potential Fires Through Hotspot Hub
KUALA LUMPUR, Malaysia, July 30, 2021 /PRNewswire/ -- The Roundtable on Sustainable Palm Oil (RSPO) has launched the RSPO Hotspot Hub, an online platform that utilises advanced satellite technology to provide near real-time information on detected hotspots and potential fires in oil palm plantations in Malaysia and Indonesia. By increasing transparency and accountability, the Hotspot Hub strengthens fire prevention efforts, thereby reducing the risk of transboundary haze events.
Bursa Malaysia extends downtrend
KUALA LUMPUR, July 30 — Bursa Malaysia bucked the uptrend among regional peers to open lower today amidst uncertainties surrounding the market, a dealer said.
VEGOILS-Palm jumps over 2% on firmer U.S. soyoil
SINGAPORE, July 29 (Reuters) - Malaysian palm oil prices rose more than 2% on Thursday, after a sharp fall in the previous session, as U.S. soyoil inched higher and the Dalian contracts trimmed losses.
PPI for local production up 11.5% y-o-y in June — DOSM
KUALA LUMPUR (July 29): The Producer Price Index (PPI) for local production increased 11.5% year-on-year (y-o-y) in June 2021, marking the fifth consecutive month of an upward trend, the Department of Statistics Malaysia (DOSM) said.
Bursa Malaysia opens higher taking cue from Wall Street
Bursa Malaysia opened higher today as investors digested the spillover of overnight US market which was mixed with the Nasdaq rallying while the Dow falling amid a slew of corporate earnings.
Expert underlines poor access to credit, technology for Nigeria’s low oil palm output
Oil palm production in Nigeria is 70 percent controlled by smallholder farmers who face challenges accessing credit and are, therefore, unable to make significant outputs
Palm oil grower looks to make amends for past deforestation in Indonesia
One of the biggest palm oil growers in Indonesia has announced a plan to rehabilitate an area half the size of New York City to atone for its past clearing of rainforests and peatlands.
Palm oil may revisit May 12 high of 4,525 ringgit
Palm oil may revisit its May 12 high of 4,525 ringgit per tonne, as it is about to break a resistance at 4,450 ringgit.
