PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 30 Mar 2023

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OILS & FATS  
  30-12-2022

Brighter year for palm oil

29/12/2022 (New Straits Times) - OUR palm oil industry is looking at a better performance for this year which we foresee will continue into 2023.

OILS & FATS  
  30-12-2022

Indonesia puts off 35% palm oil biodiesel rule to Feb 1

29/12/2022 (Free Malaysia Today), Jakarta - Indonesia will start its mandatory 35% palm oil biodiesel blending programme on Feb 1, a month later than initially planned, the energy ministry said.

OILS & FATS  
  30-12-2022

CPO futures end marginally higher

29/12/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) ended slightly higher on Thursday despite the weakness in commodities futures prices.

OILS & FATS  
  30-12-2022

Indonesia delays mandatory 35% palm oil biodiesel blending to Feb. 1

30/12/2022 (Hellenic Shipping News) - Indonesia will start its mandatory 35% palm oil biodiesel blending on Feb. 1, a month later than initially planned, the energy ministry said, without citing a reason.

OILS & FATS  
  30-12-2022

Palm oil ends flat, demand concerns weigh

30/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits.

OILS & FATS  
  30-12-2022

Now, price rise in palm oil, trend likely to continue

29/12/2022 (Telangana Today), Hyderabad - Prices of palm oil are firming up. The price, which till recently was about Rs 100 a litre, is now at Rs 110. The price has increased about ten per cent or so and the trend is likely to continue for some more time.

MARKET DEVELOPMENT  
  29-12-2022

Fitch Ratings expects crude palm oil to average US$850 a tonne in 2023

28/12/2022 (The Edge Markets), Kuala Lumpur - Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.

MARKET DEVELOPMENT  
  29-12-2022

VEGOILS-Palm oil scales near four-week peak on China reopening hopes

28/12/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Wednesday, hovering near a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.

OILS & FATS  
  29-12-2022

Malaysia keeps January crude palm oil export duty at 8%

28/12/2022 (The Star Online), Kuala Lumpur - Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

OILS & FATS  
  29-12-2022

Boilermech solidifies presence in RE

28/12/2022 (The Star Online), Petaling Jaya - Boilermech Holdings Bhd’s full ownership of Tera Sdn Bhd is expected to solidify the group’s existence in the renewable energy (RE) space, says Kenanga Research.

OILS & FATS  
  29-12-2022

Bursa rebound for banking, plantation stocks today?

28/12/2022 (New Straits Times), Kuala Lumpur - There should be some rebound for banking stocks on Bursa Malaysia today after suffering a sell-down yesterday, Rakuten Trade said.

OILS & FATS  
  29-12-2022

Kim Loong sees stronger growth in FY23

28/12/2022 (The Star Online), Kuala Lumpur - Kim Loong Resources Bhd, which posted a net profit of RM36.74mil in the third quarter ended Oct 31 (3Q), expects to perform well and achieve a record high revenue and profit for the financial year ending January 31, 2023 (FY23).