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Last Updated: 09 April 2024

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KUALA LUMPUR (April 8): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the third straight day on Monday in line with the weaker rival soybean oil as well as palm olein futures on the Dalian Commodity Exchange, which weigh on market sentiment.

“We see support at RM4,200 a tonne and resistance at RM4,400 a tonne,” said palm oil trader David Ng.

Meanwhile, Mumbai-based Sunvin Group commodity research head Anilkumar Bagani told Bernama the focus has shifted to the Malaysian Palm Oil Board's (MPOB) March data for exports, production and stock levels, which will be delayed than usual as it will be released on April 15 due to the upcoming Hari Raya holidays.

Citing the MPOB previews, he said the Malaysian palm oil end-March inventories are seen in the range of 1.69 million tonnes to 1.79 million tonnes.

Malaysia’s total palm oil stocks fell 5% to 1.92 million tonnes at end-February 2024 from 2.02 million tonnes in January 2024, the MPOB said last month.

At the close, the spot month April 2024 contract fell RM40 to RM4,514 a tonne, May 2024 erased RM41 to RM4,382 a tonne, June 2024 decreased by RM48 to RM4,295 a tonne, and July 2024 went down RM53 to RM4,220 a tonne.

August 2024 declined RM56 to RM4,142 a tonne and September 2024 dipped RM57 to RM4,077 a tonne.

Total volume fell to 67,914 lots from Friday’s 71,980 lots, while open interest slipped to 265,695 contracts from 268,274 contracts previously.

The physical CPO price for April South was RM40 lower at RM4,530 a tonne.

https://theedgemalaysia.com/node/707440

Sumber : The Edge Malaysia

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Last Updated: 08 April 2024

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KUALA LUMPUR, April 6 (Xinhua) -- Malaysia's natural rubber production decreased by 2 percent to 29,691 tons in February as compared to 30,287 tons in January, official data showed Friday.

The Department of Statistics Malaysia said in a statement that the production of natural rubber increased by 9.1 percent year on year, from 27,209 tons one year ago.

Meanwhile, total stocks of natural rubber in February increased by 11.8 percent month on month to 229,719 tons.

Exports of Malaysia's natural rubber also increased by 27.8 percent month on month to 55,082 tons in February.

China remained as the main destination for natural rubber exports which accounted for 52.3 percent of total exports in February, followed by Germany (8.9 percent), the United Arab Emirates (6 percent), the United States (4.2 percent) and India (3.3 percent).

Gloves were the main exports of rubber products with a value of 1.09 billion ringgit (230 million U.S. dollars) in February, an increase of 7 percent from January.

https://english.news.cn/20240406/af0ae4a3979d4e279ee7b5b339b8f96c/c.html

Sumber : English News

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Last Updated: 08 April 2024

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KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) has urged palm oil industry players to grasp the golden opportunity to export palm tocotrienol products to China after obtaining the approval to register the product in the republic recently.

Following the approval received on March 13, palm tocotrienol (Vitamin E) is now authorised for export and use in food applications within China.

MPOB director-general Datuk Dr Ahmad Parveez Ghulam Kadir said the approval also gave the opportunity to industry players to capitalise the potential to significantly strengthen their market presence and revenue in one of the world’s largest markets.

"This approval is one of the best gifts awarded by the Chinese Government to the Malaysian oil palm industry in conjunction with the 50th anniversary celebration of the diplomatic ties between Malaysia and China, symbolising a strong and enduring friendship as well as mutual respect and cooperation," he said in a statement.

Additionally, the approval underscores the commitment and relentless pursuit of excellence by the Malaysian palm oil sector in adhering to international health and safety standards.

It also exemplifies the strategic collaboration between government bodies and industry players in navigating the complexities of global market access and regulatory approvals.

The approval of the palm tocotrienol products registration not only opens new avenues for the Malaysian palm oil industry to penetrate the Chinese market but also has the potential to bring significant positive impacts to Malaysia's economy, said MPOB.

"The increased export of tocotrienols to China could lead to a substantial boost in the nation's revenue, contributing to economic growth and sustainability in the agricultural sector."

MPOB added that the agency together with industry players remain committed to leveraging the opportunity to enhance the visibility and acceptance of Malaysian palm oil products in China and beyond, ensuring the continued growth and sustainability of the industry. - Bernama

https://www.thestar.com.my/business/business-news/2024/04/04/mpob-urges-palm-oi-industry-players-to-export-tocotrienol-products-to-china

Sumber : The Star

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Last Updated: 02 April 2024

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KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB), in collaboration with IBG Manufacturing Sdn Bhd, has commenced the trial for its latest innovative solution, the iM-bioGuard biofertiliser.

MPOB said in a statement here today that infused with the potent bacteria Pseudomonas, this biocontrol fertiliser combats the fungal pathogen Ganoderma boninense, which is the cause of the Basal Stem Rot (BSR) disease.

Also known as the "cancer" of oil palm, BSR is one of the most severe diseases afflicting oil palm estates in major producing countries, particularly in Malaysia and Indonesia, resulting in enormous economic losses of RM1.5 billion each year, it added.

The MPOB patented technology - iM-bioGuard is the first liquid type of biofertiliser that is designed to cater for easy absorption by the oil palms, making it possible to significantly reduce the damage caused by the Ganoderma disease.

During a recent visit to Machap Estate for its demonstration, Deputy Plantation and Commodities Minister Datuk Chan Foong Hin said the introduction of iM-bioGuard represented a significant milestone in theircollective efforts to mitigate the devastating effects of Ganoderma on the oil palm industry.

"I hope that by starting the first trial with United Malacca Bhd (UMB), it can help to increase crop resilience while promoting environmentally sustainable practices," said Chan. 

On top of that, MPOB and IBG Manufacturing have signed a commercial agreement to introduce the technology to the industry, of which this collaborative endeavour signifies a united front in advancing sustainable practices and safeguarding the future of Malaysia's oil palm industry. – Bernama

https://www.nst.com.my/business/corporate/2024/04/1032869/malaysian-palm-oil-board-starts-trial-biofertiliser

Sumber : New Straits Times