crude palm oil

Malaysia's crude palm oil production fell by 3.8 pct, down to 1.82 million tonnes in September 2024 from 1.89 million in August.

MPOB said the country's crude palm oil (CPO) stocks rose 1.59 per cent to 979,352 tonnes in May from 964,049 tonnes recorded in April.

The imports from Malaysia comprised 50,181 tonnes of refined, bleached, and deodorised palmolein and 227,649 tonnes of crude palm oil.

The national palm oil extraction rate could potentially be impacted if the recycling of secondary oil to CPO is prohibited.

MPOB said crude palm oil (CPO) inventory decreased by 9.43 per cent to 1.20 million tonnes last month from 1.32 million tonnes in November.

Fadillah said the matter needs to be discussed jointly as Indonesia's plans will affect the entire oil palm industry chain, not just Malaysia.

Crude palm oil was stagnant at the RM5,090-per-tonne level while Brent crude ended at almost the US$112-per-barrel mark.

The price of crude palm oil (CPO) is expected to continue to rise at least until the third quarter of this year and is projected to reach RM9,300 a tonne.

Prime Minister Datuk Seri Ismail Sabri Yaakob said Felda settlers are now enjoying much better incomes after crude palm oil (CPO) prices surged to record highs recently.

A general consultant with the title 'Datuk Seri' was charged in the Sessions Court here today on 11 charges, including deceiving nine investors in connection with crude palm oil investment.

The world's second-largest palm exporter calculated a reference price of 4,472.46 ringgit ($1,068.18) per tonne for October.

Malaysia's bourse is targeting October to launch its East Malaysian crude palm oil contract.

Khairuddin said discussions between three relevant ministries included crude palm oil suppliers, wholesalers and other stakeholders.

The better performance was due to improvements in all business sectors and was boosted by higher crude palm oil prices.

Sime Darby also said crude palm oil price in the first quarter was driven primarily by record high prices of substitute oils.

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