PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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OILS & FATS  
  05-01-2023

Indonesian court jails former trade official, palm oil company execs

04/01/2023 (Malay Mail), Jakarta - An Indonesian court today sentenced a former senior official at the trade ministry and three palm oil company executives to jail in a case about improper palm oil export permits, according to lawyers.

MARKET DEVELOPMENT  
  05-01-2023

Lower palm oil prices likely but markets wary of supply, recession risks

04/01/2023 (Hellenic Shipping News) - Crude palm oil prices may ease in 2023 after hitting record highs last year, but “wild cards” such as Malaysia’s labor crunch at its palm plantations, China’s re-opening, and looming recession fears could upend forecasts, industry sources warned.

OILS & FATS  
  05-01-2023

Indonesia will export less palm oil to keep supplies at home

03/01/2023 (The Malaysian Reserve) - INDONESIA, the world’s biggest palm oil producer, is set to export less of the commodity overseas as it tightens a policy requiring companies to keep more supply at home. Prices jumped more than 2%.

MARKET DEVELOPMENT  
  05-01-2023

Palm slides from near 5-week high, likely tight supply limits losses

04/01/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures fell on Wednesday after scaling a near five-week peak in the previous session, though expectations of tightening supplies reined in losses.

MARKET DEVELOPMENT  
  05-01-2023

Ceiling prices of bottled cooking oil unchanged

04/01/2023 (The Star Online), Kuala Lumpur - The maximum retail prices for bottled cooking oil will remain unchanged for the Jan 8 to Feb 7 period, although the average price of crude palm oil (CPO) in the world market rose last month, says Datuk Seri Salahuddin Ayub.

OILS & FATS  
  04-01-2023

Domestic workers and palm oil in the spotlight

03/01/2023 (The Star Online), Petaling Jaya - Malaysia and Indonesia are expected to review the existing agreement on migrant workers and discuss challenges facing the palm oil industry during the Prime Minister’s working visit to Indonesia.

MARKET DEVELOPMENT  
  04-01-2023

CPO to trade between RM3,400 and RM3,700 per tonne this week

02/01/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in yo-yo mode this week in the absence of market participants due to new year holidays.

OILS & FATS  
  04-01-2023

Ceiling price for bottled cooking oil unchanged

03/01/2023 (Free Malaysia Today), Kuala Lumpur - The ceiling price for bottled cooking oil will remain the same for the Jan 8 to Feb 7 period although the average price of crude palm oil (CPO) in the world market rose in December 2022, said Salahuddin Ayub.

MARKET DEVELOPMENT  
  04-01-2023

Indonesia to tighten palm oil exports to shore up supply ahead of Ramadan

02/03/2023 (The Jakarta Post) - Indonesia will tighten export rules for palm oil from Jan. 1 by allowing less shipments overseas for every tonne sold domestically, to ensure sufficient and affordable cooking oil supply at home, officials said on Friday.

MARKET DEVELOPMENT  
  04-01-2023

Slight recovery for palm oil

03/01/2023 (The Malaysian Reserve) - THE Malaysian palm oil market is expected to remain uncertain and experience only a little growth in 2023.

MARKET DEVELOPMENT  
  04-01-2023

VEGOILS-Palm oil edges up on tighter supply outlook

03/01/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up in the first trading session of the year on Tuesday, underpinned by expectations of slowing production and tighter Indonesian supply.

MARKET DEVELOPMENT  
  04-01-2023

Palm oil scales near 5-week closing high on tighter supply outlook

04/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures jumped to a near five-week closing high in the first trading session of the year, underpinned by production slowdown and tighter Indonesian supply.