Palm Oil News

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Steady earnings ahead for palm planters

Most of the plantation companies’ results in Q2 were within our expectations, with the anticipation coming from the higher CPO prices, said an analyst. PETALING JAYA: Plantation players, which saw strong earnings in the second quarter (Q2), will continue to enjoy the earnings uptrend in the followin...

CGS-CIMB: CPO prices to remain at RM3,500-RM4,000 per tonne in Sept

KUALA LUMPUR, Sept 6 — CGS-CIMB foresees crude palm (CPO) prices to remain firm between RM3,500 and RM4,000 per tonne this month. In a note today, the research house maintained its average CPO price forecasts of RM3,700/RM2,900/ RM2800 per tonne for 2021/2022/2023, and reiterated its ‘neutral’ call ...

CPO futures continue upward momentum

KUALA LUMPUR (Sept 3): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended yesterday’s gains to close higher today, taking the cue from overnight gains in Chicago Board of Trade (CBOT) soybean oil. Palm oil trader David Ng said ongoing concerns over lower-than-expected o...

Malaysia’s Aug 1-15 palm oil exports fall 21%, says AmSpec Agri

KUALA LUMPUR (Aug 16): Exports of Malaysian palm oil products for Aug 1-15 fell 21% to 540,853 tonnes, from 684,615 tonnes shipped during July 1-15, according to independent inspection company AmSpec Agri Malaysia on Monday. Source : The Edge Markets

As UN sustainability deadline looms, Credit Suisse believes palm oil sector’s best bet lies in transition support

KUALA LUMPUR (Aug 12): Support in transitioning towards sustainability would be the best way forward for the palm oil industry, said Credit Suisse after determining that there is a lack of commercially available alternatives to progress as the UN sustainable development goals’ deadline of 2030 looms...

Palm oil futures rally above RM4,500 – highest in two months

KUALA LUMPUR (Bernama) — The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rallied above RM4,500 per tonne for October benchmark contract — the highest in two months, on lower July palm oil stocks. Palm oil trader David Ng said the Malaysian Palm Oil Board’s (MPOB) ...

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