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Tightening inventories seen to have minimal impact on CPO prices
Plantation sectorMaintain overweight: The Malaysian plantation sector kick-starts the year with inventories falling a fifth straight month amid tighter production and slowdown in demand from the world’s top two buyers due to an unfavourable trade policy imposed by India, while mounting concerns...
Malaysia’s palm oil stocks down 13% in January
KUALA LUMPUR: Malaysia’s palm oil stocks fell 12.69% to 1.76 million tonnes in January from 2.01 million tonnes recorded in December 2019. The Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock was down by 17.13% to 844,867 tonnes in January from 1.02 million tonnes previously. Processe...
Malaysia end-Jan palm oil stocks fall 12.7% to 1.76 mil tonnes — MPOB
KUALA LUMPUR (Feb 10): Malaysia’s palm oil inventories at the end of January fell 12.7% to 1.76 million tonnes from the previous month, its lowest in over two years, according to data released by industry regulator the Malaysian Palm Oil Board (MPOB) on Monday. January production in the world&...
Palm Oil Giant Says Blow to China, India Sales Is ‘Temporary’
The double-whammy to palm oil demand from a trade spat with India and the coronavirus in China is likely to prove only temporary, according to FGV Holdings Bhd., one of the world’s largest producers. That’s because supplies are low this quarter, and food and fuel demand is set to stay robust ov...
Pakistan potentially a big market for palm oil, says Kok
PUTRAJAYA: Malaysia hopes to expand its share of the palm oil market in Pakistan now that the latter government has agreed to increase its imports, says Primary Industries Minister Teresa Kok (pic). She said the country’s share of the market in Pakistan was currently only at 22%. She pointed o...
Malaysia delays largest palm oil conference to June: sources
KUALA LUMPUR (Reuters) – Malaysia has postponed its biggest palm oil conference that typically draws thousands of industry players from more than 50 countries, according to sources. The Palm and Lauric Oils Price Outlook Conference and Exhibition or POC2020, originally scheduled for Marc...
