Archived News
17-11-2022
Planters to register weaker performance due to lower palm oil prices
16/11/2022 (The Malaysian Reserve) - PLANTERS will likely register a weaker performance, both quarter-on-quarter (QoQ) and year-on-year (YoY), in their upcoming quarterly results on the back of lower palm oil prices, said a local research house.
17-11-2022
Palm oil slips to over two-week low on firmer ringgit
16/11/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed early gains on Tuesday, falling to a more than two-week trough as a stronger ringgit and weaker rival edible oils outweighed a surge in exports.
17-11-2022
Tariff Notification No. 96/2022-CUSTOMS (N.T.) In Respect Of Fixation Of Tariff Value For Edible Oils, Brass Scrap, Areca Nut, Gold And Silver
15/11/2022 (Rissa Diary), New Delhi - In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962 (52 of 1962), the Central Board of Indirect Taxes & Customs, being satisfied that it is necessary and expedient to do so, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 36/2001-Customs (N.T.), dated the 3rd August, 2001, published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub-section (ii), vide number S. O. 748 (E), dated the 3rd August, 2001.
17-11-2022
Egypt’s trade deficit edges higher in August
15/11/2022 (Zawya) - Egypt’s trade deficit inched up 0.6% year-on-year (YoY) to $4.18 billion in August 2022, according to data released by the Central Agency for Public Mobilization and Statistics (CAPMAS) on November 13th.
17-11-2022
HLIB Reserch: CPO price likely to stay above RM4,000 a tonne until Q1 2023
17/11/2022 (New Straits Times), Kuala Lumpur - Hong Leong Investment Bank (HLIB) Research expects the crude palm oil (CPO) price will sustain above RM4,000 per tonne over the next few months, possibly until the first quarter of 2023 (Q1 2023).
17-11-2022
Palm oil falls for third day on higher stocks, demand woes
16/11/2022 (Business Recorder), Mumbai - Malaysian palm oil futures fell for the third straight day on Wednesday to near their lowest level in more than two weeks on higher stocks and concerns over demand from leading buyer China as it struggles with rising COVID-19 cases.
16-11-2022
Palm oil to trade up to RM4,200 a tonne
15/11/2022 (The Star Online), Kuala Lumpur - Malaysian palm oil will likely trade between RM3,800 per tonne and RM4,200 per tonne until the second quarter of 2023 (Q223), as palm oil production is forecast to recover slightly next year.
16-11-2022
Weather, labour shortage likely to disrupt palm oil
15/11/2022 (Daily Express), Kuala Lumpur - The palm oil situation is expected to remain uncertain in 2023 as factors such as weather, labour situation and currency stability would shape the landscape of palm oil supply and demand balance.
16-11-2022
Palm oil supply disruptions due to storms to continue until Q1 2023, Malaysia says
15/11/2022 (Hellenic Shipping News) - Disruptions to crude palm oil supplies because of tropical storms are expected continue into the first quarter of 2023 , keeping prices upbeat in the near-term,Malaysia’s industry officials said.
16-11-2022
India’s 2021/22 palm oil imports fall 4.8% y/y, soyoil rise: Report
15/11/2022 (Hellenic Shipping News) - India’s palm oil imports in 2021/22 fell 4.8% from a year ago as the overseas buying of soyoil jumped 45.3% to a record high after Indonesia restricted shipments of the tropical oil, a leading trade body said.
16-11-2022
Sino-Indonesian trade benefits region, world
16/11/2022 (China Daily) - Closer China-Indonesia economic and trade cooperation will benefit the two countries and add new growth momentum to the regional and world economy, experts and business leaders said, adding that the two populous developing countries share huge trade complementarity, entwined interests and great economic cooperation potential.
16-11-2022
Indonesia Oct trade surplus seen at US$4.5bil as global trade weakens
14/11/2022 (The Star Online), Jakarta - Indonesia's trade surplus is seen narrowing slightly in October to $4.5 billion, amid weakening in global trade and moderating commodity prices, a Reuters poll showed on Monday.