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MPOB: Record-breaking CPO price due to high exports, low stocks

KUALA LUMPUR (April 12): Malaysia’s crude palm oil (CPO) price breached RM4,270 per tonne on April 9, surpassing the all-time previous peak of RM4,247 per tonne recorded on March 15, 2021, said the Malaysian Palm Oil Board.
Director-general Dr Ahmad Parveez Ghulam Kadir said that among the factors contributing to this was the increase in exports and low stocks despite reports of production increase.
“Prices of other soft oils are also high and the CPO is expected to sustain above RM3,500 for two to three months.
“This is despite the increase in production as seen in March where it increased from 1.1 million tonnes to 1.4 million tonnes,” he told ....

Kuala Lumpur , Ahmad Parveez Ghulam Kadir , Sathia Varqa , Palm Oil Internet Seminar , Palm Oil Analytics , Malaysian Palm Oil Board , Malaysian Palm Oil , Bursa Malaysia , Sime Darby Plantation , குவாலா லம்பூர் , பனை எண்ணெய் இணையதளம் கருத்தரங்கு , பனை எண்ணெய் பகுப்பாய்வு , மலேசியன் பனை எண்ணெய் பலகை , மலேசியன் பனை எண்ணெய் ,

Palm oil: US' demand to continue with increased vaccinations, lifted lockdowns, says industry player

Palm oil: US’ demand to continue with increased vaccinations, lifted lockdowns, says industry player
Globally, vaccine rollouts are the order of the day and as Covid-19 cases decline, stringent lockdowns will likely be lifted.
In relation to palm oil and the United States’ demand for the commodity, Global Agri-Trade Corporation director of sales Benjamin J. Perez sees continuity arising from the positive developments.
He believes the US is heading towards a more prosperous market environment, hence opening more opportunities for sustainable palm oil to enter the country.
“The Covid-19 pandemic has really changed the market in US with the recent trends in the market, focus on sustainability amongst the rallying charges of non-governmental organisations and consumer advocacy groups,” he said at the virtual Palm Oil Internet Seminar (POINTERS) 2021. ....

Benjaminj Perez , Palm Oil Internet Seminar , United State , Global Agri Trade Corporation , பனை எண்ணெய் இணையதளம் கருத்தரங்கு , ஒன்றுபட்டது நிலை ,

Moderate recovery seen for M'sia's palm oil exports in 2021

Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said the price forecast was based on uncertainties pertaining to the Covid-19 pandemic recovery, political situation and stimulus package
PETALING JAYA: Malaysia’s crude palm oil (CPO) exports are expected to see a moderate recovery with the CPO production reaching 19.6 million tonnes for 2021 compared with 19.14 million tonnes last year, the Malaysian Palm Oil Council (MPOC) said.
Chief executive officer Datuk Dr Wan Zawawi Wan Ismail said the price forecast was based on uncertainties pertaining to the Covid-19 pandemic recovery, political situation and stimulus packages.
“We forecast the average CPO price to be at RM3,846 per tonne for the first quarter and second quarter of 2021, ranging from a low of RM3,502 per tonne to a high of RM4,190 per tonne, ” he said at the virtual Palm Oil Internet Seminar 2021 yesterday. ....

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Moderate recovery seen for CPO exports in 2021 | Daily Express Online - Sabah's Leading News Portal

Moderate recovery seen for CPO exports in 2021 | Daily Express Online - Sabah's Leading News Portal
dailyexpress.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyexpress.com.my Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , United States , Kuala Selangor , Saudi Arabia , Isa Malay , Malaysian Palm Oil Council , European Union , Palm Oil Internet Seminar , Yusof Mat , Malay Mail , Datuk Dr Wan Zawawi Ismail , Wan Zawawi , குவாலா லம்பூர் , ஒன்றுபட்டது மாநிலங்களில் , குவாலா சிலாங்கூர் , சவுதி அரேபியா , ஐசா மலாய் , மலேசியன் பனை எண்ணெய் சபை , ஐரோப்பிய தொழிற்சங்கம் , பனை எண்ணெய் இணையதளம் கருத்தரங்கு , மலாய் அஞ்சல் ,

MPOC: Moderate recovery seen for Malaysia's palm oil exports in 2021

MPOC: Moderate recovery seen for Malaysia's palm oil exports in 2021
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

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