Archived News

14/11/2022 (The Sun Daily) - Malaysian palm oil will likely trade between RM3,800 per tonne and RM4,200 per tonne until the second quarter of 2023 (Q2’23), as palm oil production is forecast to recover slightly next year.

15/11/2022 (The Edge Markets), Kuala Lumpur - Palm oil demand from major buyer China will likely recover next year, as the country loosens its zero-Covid rules, with Indonesia expected to win a bigger market share than smaller rival Malaysia, analysts said in an online seminar on Monday.

14/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil board on Monday (Nov 14) warned of a tough 2023 for the market for the world's most consumed edible oil, with the persistence of global uncertainties in weather, geopolitics and economics that have caused wide price swings this year.

13/11/2022 (lm Tribune), MANKATO, Minn. - Where the Blue Earth River empties into the Minnesota River, a plant has been crushing farmers’ soybeans since the 1930s.

14/11/2022 (Nasdaq),North Dakota - North Dakota's soybean industry is at the forefront of what could be a once-in-a-generation transformation in coming years, with two new processing plants set to open in 2023 and 2024 to meet rising domestic biofuel production.

13/11/2022 (Business Standard) - The Centre has told the Supreme Court that genetically modified (GM) mustard will contribute to Indias self-sustenance with respect to production of edible oil and it will go a long way in realising the vision of 'Aatmanirbhar Bharat'.

14/11/2022 (Hellenic Shipping News) - Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand.

13/11/2022 (Economic Times) - Soybean Indore prices have shown a whopping 8% rally after the removal of stock limits on Oil and Oilseed for wholesale dealers and big retail chains, which was announced on November 01, 2022, and long demanded by the millers, crushers, and associations.

11/11/2022 (The Edge Markets) - Malaysian palm oil futures firmed on Friday (Nov 11), supported by a surge in early November exports and Indonesia's plan to raise its export tax reference price, although the contract was bound for a weekly loss.

11/11/2022(The Star Online), Petaling Jaya - The crude palm oil (CPO) price will likely sustain at above RM4,000 per tonne over the next few months, supported by near-term supply concerns and price competitiveness.

11/11/2022 (Xinhua), Kuala Lumpur - Malaysian research house CGS-CIMB on Friday cuts its average crude palm oil (CPO) price forecast for 2022 to 5,122 ringgit (1,107 U.S. dollars) per tonne from 5,600 ringgit (1,211 dollars) per tonne.

10/11/2022 (Successful Farming), Jakarta - Indonesia plans to set reference price of its crude palm oil at $826.58 per tonne for Nov. 16-30 shipments, Trade Ministry official Farid Amir said on Friday.