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CPO futures set to rise next week on expectation of stronger exports
The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upside bias next week on the expectation of stronger exports.
Crude palm oil inventory rises 17.4% in April
PETALING JAYA: Malaysia’s crude palm oil (CPO) stocks grew to 891,779 tonnes in April 2022, up 17.4% from the 759,732 tonnes recorded in March, on higher production, according to the Malaysian Palm Oil Board (MPOB).
Malaysia's CPO inventory rises 17.4% in April 2022
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks grew to 891,779 tonnes in April 2022, up 17.4 per cent from the 759,732 tonnes recorded in March, on higher production, according to the Malaysian Palm Oil Board (MPOB).
Oil palm plantations, mills must meet MSPO 2022 standards
KUALA LUMPUR: Oil palm plantations and palm oil processing facilities need to comply with the new Malaysian Sustainable Palm Oil (MSPO) 2022 standards, said Malaysian Palm Oil Board (MPOB) director-general, Datuk Dr Ahmad Parveez Ghulam Kadir.
Malaysia in the driver’s seat
Indonesia’s palm oil export ban likely to benefit Malaysia
CPO stocks decline, output rises in March
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks fell to 764,079 tonnes in March 2022, contracting 2.60% or 20,409 tonnes from 784,488 tonnes in February 2022, said the Malaysian Palm Oil Board (MPOB), Bernama reported.
CPO futures likely to see volatile trading next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a volatile mode next week as investors take directions from the World Agricultural Supply and Demand Estimates (WASDE) and Malaysian Palm Oil Board (MPOB) reports.
More stringent criteria needed for MSPO certification
PETALING JAYA: The Malaysian Palm Oil Board (MPOB) is working to strengthen the standards of the Malaysian Sustainable Palm Oil (MSPO) certification scheme to planters in line with the National Agricommodity Policy 2021-2030 (DAKN 2030), says director-general Datuk Dr Ahmad Parveez Ghulam Kadir.
April crude palm oil export duty remains at 8%
PETALING JAYA: The April export tax for crude palm oil (CPO) has been kept at 8%, according to a circular on the Malaysian Palm Oil Board (MPOB) website.
Palm oil stocks, output see further decline in February
KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks slid further, retreating 0.28% to 784,471 tonnes in February 2022 from 786,663 tonnes in January 2022, says the Malaysian Palm Oil Board (MPOB).
