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AGRICOMMODITY NEWS 2020

KUALA LUMPUR, July 6 -- As of June 30, some 3,040 oil palm estates or 96.04 per cent of the total, comprising 4.06 million hectares, have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, up from the 1,753 estates (71.1 per cent) comprising 2.97 million hectares on Dec 31, 2019.
In a statement today, Malaysian Palm Oil Board (MPOB) director-general Dr Ahmad Parveez Ghulam Kadir said in addition to this, 400 palm oil mills or 88.50 per cent had obtained the MSPO certification on June 30, 2020 compared with 340 palm oil mills or 75.2 per cent on Dec 31, 2019.

KUALA LUMPUR, July 6 -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, with stronger crude oil prices spurring demand for the commodity.
Singapore-based Palm Oil Analytics’ owner and co-founder Dr Sathia Varqa said the CPO futures were also higher due to the expectation of a lower output for the month of June.
At press time, Brent crude oil rose 1.40 per cent to US$43.40 per barrel.

Source: StarBiz page 6

Source: New Straits Times page 19




Source: New Straits Times page 16