Plantation and Commodities Minister and Deputy Prime Minister Datuk Seri Fadillah Yusof is scheduled to embark on an official visit to India from Sept 24 to 28, 2023.

Fadillah to visit India to strengthen bilateral ties, explore collaboration in plantation and commodities sector

Sime Darby Plantation Bhd’s downstream arm Sime Darby Oils International Ltd (SDO) has inked a memorandum of understanding (MOU) with Guangxi Beibu Gulf International Port Group Ltd (BGP) to expand its presence in China.

Sime Darby Plantation’s downstream arm inks MOU to expand presence in China

NANNING (Sept 17): China’s imports of Malaysian palm oil will double to 500,000 tonnes a year, from the current 250,000 tonnes, following the exchange of a memorandum of understanding (MOU) between Sime Darby Oils International Ltd (Sime Darby Oils) and GuangXi Beibu Gulf International Port Group (GuangXi Beibu Gulf).

Anwar: China to double imports of Malaysian palm oil

KUALA LUMPUR (Sept 12): Crude palm oil (CPO) prices are expected to climb by at least US$100 within the next four to six months, according to ISTA Mielke GmbH (Oil World) executive director Thomas Mielke.

Palm oil prices to climb by at least US$100 within next four to six months, says Mielke

Hong Leong Investment Bank (HLIB) Research has kept its “neutral” rating for the plantation sector, and retained its crude palm oil (CPO) price assumption of RM4,000 per metric ton for 2023.

HLIB keeps CPO forecast at RM4,000 for 2023, top pick is IOI Corp

Palm oil inventories in Malaysia surged the most in two years to cross the two-million-tonne level on stronger-than-expected production and weaker exports in the second-biggest grower.

Malaysia’s palm oil reserves rise most in two years on output jump

KUALA LUMPUR (Sept 6): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed mostly lower for the third consecutive day on Wednesday, on expectation of higher production in Malaysia, which continues to dominate market sentiment.

CPO futures end mostly lower on expectation of higher production

MUMBAI (Sept 6): India's palm oil imports are set to jump 26% to a record high in the 2022/23 year ending on Oct 31, as a recovery in consumption and competitive prices prompt refiners to increase purchases, the country's top palm oil buyer told Reuters on Wednesday.

India's top palm oil buyer expects 26% jump in imports to record 10 mil tonnes

El Nino events, which are expected to constrict the supply side, will keep crude palm oil (CPO) prices elevated at RM3,800-4,200 per tonne.

However, a fragile demand outlook on the back of inflationary pressure and tight household spending on high base interest rates locally and globally is likely to pose a risk for CPO demand, said MIDF Research in a note on Wednesday.

El Nino could keep CPO prices elevated at RM3,800-4,200 per tonne, says MIDF

JAKARTA (Sept 5): Malaysia’s palm oil inventories at the end of August likely jumped to a six-month high, as output rose and exports slowed, a Reuters survey showed on Tuesday.

Malaysia’s end-August palm oil stocks seen at six-month peak on higher output

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed lower for the second day this week, influenced by a drop in the Chicago Board of Trade (CBOT) soybean oil futures during the prior night and early Asian trading hours.

CPO futures close lower, influenced by CBOT soybean futures

Crude palm oil (CPO) prices may rise to, or even surpass RM4,000 per tonne in the second half of 2023 (2H2023) due to the El Nino phenomenon, compared to the current level of RM3,000 per tonne, according to Sime Darby Plantation Bhd managing director Datuk Mohamad Helmy Othman Basha.

El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD 

A group of Indian vegetable oil importers and refiners will explore new business opportunities in Thailand's palm oil sector.

The Mumbai-based Solvent Extractors' Association of India (SEA) said on Tuesday (Aug 22) a 19-member delegation, led by its president Ajay Jhunjhunwala, will embark on a "comprehensive study tour" of Thailand's Surat Thani palm cultivation region on Wednesday (Aug 23).

India vegetable oil industry group to explore palm oil trade with Thailand

KUALA LUMPUR (Aug 22): Malaysia maintained its export tax for crude palm oil at 8% for September and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.

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