Archived News
14-11-2022
Enhanced palm oil production to help reduce edible oil imports
13/11/2022 (The Nation, Pakistan), Islamabad - Pakistan needs to focus on large-scale palm oil cultivation to lessen its reliance on edible oil imports and save a significant amount of foreign exchange.
14-11-2022
First Resources reports 120.1% higher Q3 underlying net profit
14/11/2022 (The Business Times, Singapore) - PALM oil producer First Resources : EB5 +5.92% reported a 120.1 per cent surge in its underlying net profit for its third quarter ended Sep 30 to US$116.3 million from S$52.8 million in the equivalent period the year before.
11-11-2022
Palm oil may retest support at 4,177 ringgit
10/11/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 4,177 ringgit a tonne, a break below which could open the way towards 3,994-4,072 ringgit range.
11-11-2022
Malaysia end-Oct palm oil stocks rise to three-year high
10/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed on Friday.
11-11-2022
CPO price could trend lower from 2Q23
10/11/2022 (The Star Online), Kuala Lumpur - The price of crude palm oil (CPO) is projected to stay above the RM4,000 per tonne level for the coming months and trend lower from the second quarter of 2023, said Hong Leong Investment Bank (HLIB) Research in its latest sector update.
11-11-2022
CPO price likely to stay above RM4,000 until early 2023
10/11/2022 (Free Malaysia Today) - KUALA LUMPUR: Near-term supply concerns and price competitiveness will likely help crude palm oil (CPO) sustain a price above RM4,000 per tonne until the first quarter of 2023 (Q1 2023), according to Hong Leong Investment Bank (HLIB) Research.
11-11-2022
CPO price to stay above RM4,000 per tonne in next few months: HLIB
10/11/2022 (New Straits Times) - KUALA LUMPUR: 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 palm's price competitiveness.
11-11-2022
CPO stocks rise on higher production in October
10/11/2022 (The Star Online) - KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks rose 2.63 per cent to 1.31 million tonnes in October 2022 from 1.28 million tonnes in the previous month on higher production, according to the Malaysian Palm Oil Board (MPOB).
11-11-2022
CPO futures fall for third consecutive day on worries over rising production, stockpiles
10/11/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower on Thursday for the third consecutive day on worries over higher production and stockpiles of the commodity.
10-11-2022
Concerns about China demand drags CPO futures lower
08/11/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives retreated to end easier following concerns about China demand.
10-11-2022
CPO futures falls ahead of MPOB, USDA demand supply data
09/11/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives fell for the second consecutive day ahead of the release of Malaysian Palm Oil Board (MPOB) and the United States Department of Agriculture (USDA) monthly supply-demand releases.
10-11-2022
Palm slumps about 4pc on higher Malaysian stocks
10/11/2022 (Business Recorder), Singapore - Malaysian palm oil dropped on Wednesday over expectations of a rise in stockpiles, with COVID-19 restrictions in top buyer China further dragging down the market.