Archived News
23-11-2022
CPO prices to be supported at current levels in near term, say analysts
22/11/2022 (The Edge Markets) - ANALYSTS are expecting crude palm oil (CPO) prices, which have risen in recent weeks, to hover at its current level in the near term amid seasonality factors, competitive pricing compared with the soybean oil market, decent export performance, ongoing geopolitical tensions and waiver of Indonesia’s CPO export levy.
23-11-2022
Boustead Plantations expects continued volatility in palm oil prices
22/11/2022 (The Star Online), Kuala Lumpur - Following a decline in profitability in the recent quarter, Boustead Plantations Bhd said the prices of palm oil are expected to remain highly volatile for the rest of the year due to high stock levels in Malaysia and Indonesia.
23-11-2022
Human rights and environment become key in procuring palm oil
22/11/2022 (The Japan Times) - Japanese companies are facing increasing calls for eliminating human rights violations and giving adequate consideration to environmental protection when building and operating supply chains, ranging from the procurement of raw materials to the manufacture and sale of products.
23-11-2022
Fitch Solutions trims palm oil short-term price forecasts
22/11/2022 (Fitch Solution), Kuala Lumpur - Fitch Solutions Country Risk and Industry Research on Tuesday trimmed palm oil short-term price forecasts on the easing of global edible oils market and weaker demand outlook.
23-11-2022
Boustead Plantations slips into red in Q3 on lower palm product prices
22/11/2022 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd posted a net loss of RM352,000 for its third quarter (Q3) ended Sept 30, 2022 versus a net profit of RM95.56 million in the same period last year.
23-11-2022
Palm oil: A diamond purposely kept in the rough!
23/11/2022 (Daily Mirror Online) - Sri Lanka is purposely ignoring the economic opportunities of oil palm cultivation, at a time when the rest of the world is strengthening economies through the cultivation of productive and economically important crops, such as oil palms.
23-11-2022
Palm tracks rival edible oils lower; firm exports limit fall
22/11/2022 (Business Recorder), Jakarta - Malaysian palm oil futures extended losses on Monday in line with rival edible oils, as concerns of COVID-19 lockdown in China weigh on demand expectation, although firm exports data cushioned some of the declines.
22-11-2022
Palm oil firms as exports rise, ringgit falls
JAKARTA: Malaysian palm oil futures closed higher on Monday after dropping to more than a month’s low earlier in the day, boosted by strong exports data and a weaker ringgit.
22-11-2022
Human rights and environment become key in procuring palm oil
Japanese companies are facing increasing calls for eliminating human rights violations and giving adequate consideration to environmental protection when building and operating supply chains, ranging from the procurement of raw materials to the manufacture and sale of products.
22-11-2022
CORRECTED (OFFICIAL)-Malaysia's Nov 1-20 palm oil exports rise 9.6% -ITS
KUALA LUMPUR, Nov 21 (Reuters) - Exports of Malaysian palm oil products for November 1-20 rose 9.6% to 997,216 tonnes from 909,817 tonnes shipped during October 1-20, cargo surveyor Intertek Testing Services said on Sunday.
22-11-2022
Oil Palm cultivation facing odds, farmers seek remunerative price
VISHAKHAPATNAM: Oil palm farmers in Andhra Pradesh are unwilling to continue the cultivation due to poor prices and are requesting the government to provide Rs 20,000 per tonne as remunerative price against the present Rs 10,000.
22-11-2022
SD Plantation responds to RSPO's directive to complete action plan
KUALA LUMPUR: Sime Darby Plantation Bhd has refuted the findings from the Roundtable Sustainable Palm Oil (RSPO) over unreported recruitment fees and retention of its foreign workers' passport.