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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
ANALYSIS-Indonesia's palm oil-powered 'green diesel' fuels threat to forests
KUALA LUMPUR, Feb 4 (Thomson Reuters Foundation) - I ndonesia's ambitious biodiesel programme will increase the risks of deforestation as more tropical forest could be cleared to grow palm oil, environmentalists have warned, urging policymakers to implement a long-term ban on new plantations.
Malaysia’s palm oil stocks expected to have grown 7.5% m-o-m at end-January
KUALA LUMPUR (Feb 4): Malaysia’s palm oil stocks likely grew 7.5% month-on-month (m-o-m) to 1.36 million tonnes (at end-January 2021) due to a slower decline in production compared to exports, said CGS-CIMB.
Palm oil may fall to 3,322 ringgit
SINGAPORE: Palm oil may fall to 3,322 ringgit per tonne, as it has cleared a support at 3,422 ringgit.
China washes out soybean, vegoil cargoes amid poor margins
China-based soybean crushers and vegetable oil processors have resold at least 10 cargoes of Brazilian soybeans, as well as palm oil from Southeast Asia in the past two weeks as crush margins in China, fell sharply, according to several trade sources.
Muhyiddin to make two-day official visit to Indonesia
JAKARTA (Feb 3): Prime Minister Tan Sri Muhyiddin Yassin will make a two-day official visit to Indonesia, beginning tomorrow, at the invitation of Indonesian President Joko Widodo (Jokowi).
India’s duty hike reduces CPO competitiveness
KUALA LUMPUR: Research firms believe that India’s import duty hike on crude palm oil (CPO) will reduce the price competitiveness of the commodity against other edible oils in the country, resulting in higher cooking oil price with higher duties.
Record-high UCO prices squeeze EU Ucome margins
Record-high prices for used cooking oil (UCO) in Europe have piled pressure on production margins for Ucome biodiesel in the last couple of months, just as demand for road fuels across the continent falters under the weight of tightened lockdown restrictions.
Palm oil slumps 2pc
Malaysian palm oil futures slumped over 2% on Tuesday as a steep drop in January exports stoked demand concerns, while an additional tax imposed by top vegetable oil importer India also weighed on sentiment.
India's higher effective import duty on CPO likely to weigh on palm oil demand
India’s move to raise the effective import duty on crude palm oil (CPO) by 5.5 percentage points to 35.75%, effective 2 Feb 2021, is expected to weight on palm oil demand.
