Archived News
08-11-2022
Survey sees M'sian palm oil stock at 2.49 million tonnes at end-October, highest since April 2019
07/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia’s palm oil inventory likely grew 7.5% month-on-month (m-o-m) to 2.49 million tonnes at end-October, its highest level since April 2019, due to recovering output.
08-11-2022
CPO stockpiles to swell to three-year high as production increases
07/11/2022 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) stockpiles in Malaysia are likely to continue to swell to a three-year high as production in the world’s second-biggest grower increased, said CGS-CIMB Futures Sdn Bhd.
08-11-2022
Malaysia’s end-Oct palm oil stocks seen at 3.5-year high on rise in output
06/11/2022 (Hellenic Shipping News) - Malaysia’s palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed.
08-11-2022
Palm oil may retest support at 4,264 ringgit
07/11/2022 (Business Recorder), Singapore - Palm oil may retest a support at 4,264 ringgit a tonne, a break below which could open the way towards 4,072-4,135 ringgit range.
08-11-2022
Global palm oil output seen up by 2.9 mln tonnes in 2022/23-analyst Mielke
07/11/2022 (Hellenic Shipping News) - Global palm oil output is seen increasing by 2.9 million tonnes in the 2022/23 season, leading industry analyst Thomas Mielke said in a conference.
08-11-2022
United Plantations posts its best quarterly profit, declares 40 sen dividend
07/11/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY22) jumped 27.62% to RM196.72 million — its best quarterly net profit to date — from RM154.15 million in the same period last year, thanks to elevated crude palm oil (CPO) and palm kernel (PK) prices.
07-11-2022
Malaysia's end-Oct palm oil stocks seen at 3.5-year high on rise in output
05/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil inventories at end-October likely swelled to their highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday (Nov 4).
07-11-2022
Palm Oil Prices, Production to Drop in 2023: Gapki
05/11/2022 (Jakarta Globe), Bali - The Indonesian Palm Oil Association or Gapki has projected that palm oil prices would decline in 2023 amid forecasts of global economic recession. Palm oil production and consumption will also slightly drop next year.
07-11-2022
CPO futures rebound to end higher on stronger soy oil prices
04/11/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to end higher on Friday, lifted by better sentiment brought about by stronger soybean oil prices.
07-11-2022
China lockdowns overshadow palm oil outlook despite output slowdown
04/11/2022 (The Edge Markets), Nusa Dua - The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said on Friday (Nov 4).
07-11-2022
Indonesia continues to promote palm oil as green product in EU
03/11/2022 (Antara News) - Nusa Dua, Bali - The Indonesian government has continued to promote palm oil as an eco-friendly commodity in the European Union (EU) and adhere to global standards for sustainable palm oil production.
07-11-2022
Last year’s deforestation pledge is off to a slow start
05/11/2022 (The Sun Daily), Sao Paulo - One year after more than 140 countries pledged to halt all deforestation by 2030, little has been done to finance protections or pass new conservation laws, experts say.