Archived News
18-10-2022
CPO futures end marginally higher on Oct 17
18/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives recouped earlier losses to end marginally higher on Monday (Oct 17), as sentiment turned bullish amid the ongoing escalation between Ukraine and Russia, said palm oil trader David Ng.
18-10-2022
VEGOILS-Palm oil dips as Indonesia sets lower export tax
17/10/2022 (Nasdaq), Jakarta - Malaysian palm oil futures opened lower on Monday, shedding gains from the previous session, as rival Indonesia set lower palm oil export tax for the second half of October.
18-10-2022
Making Sabah a global oil palm heavyweight
17/10/2022 (Daily Express) - A POLICY initiative will be put in place to protect the resilience of the palm oil sector and set Sabah up as a global leader in sustainable palm oil, said Chief Minister Datuk Seri Hajiji Noor.
18-10-2022
Palm rises for second day on U.S. soyoil strength
18/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures recovered from early losses on Monday to close higher for a second straight session, as stronger U.S. soyoil lent support amid disappointing export data.
18-10-2022
Palm oil may retrace towards 3,707 ringgit
17/10/2022 (Business Recorder), Singapore - Palm oil may retrace towards a support at 3,707 ringgit per tonne, following its failure to break a resistance at 3,858 ringgit.
18-10-2022
Sunflowers, war and drought: Why the price of margarine and butter spiked 32%
17/10/2022 (CNBC) - Cue the collective gasp of chefs, bakers and foodies: Food prices are up considerably — but none more so than for butter and margarine.
17-10-2022
Analysis: Indonesia's defences start crumbling against relentless dollar
17/10/2022 (Reuters), Singapore - Indonesia's currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia's largest economy is finally starting to crack after months of remarkable resilience against global headwinds.
17-10-2022
India cuts base import price of palm oil, gold
15/10/2022 (Reuters), Mumbai - India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement on Friday, as prices corrected in the world market.
17-10-2022
Palm ends nearly 5% higher on Black Sea supply disruption concerns
14/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures rallied as much as 6.3% on Friday, as Russia’s threats to pull out of an agreement on Black Sea grain exports and heavy rains in Malaysia raised concerns over global edible oil supply.
17-10-2022
Palm oil may rise into 3,824-3,919 ringgit range
14/10/2022 (Business Recorder), Singapore - Palm oil is poised to break a resistance at 3,754 ringgit per tonne, and rise into a range of 3,824-3,919 ringgit.
17-10-2022
Edible oil prices start to cool as imports are back on track
17/10/2022 (Telangana Today) - Hyderabad: Ahead of the festive season, prices of edible oil are coming down. Edible oils had seen prices touch new highs in the last few months. The prices are now heading down as the imports, which were impacted by the Russia-Ukraine war, are back on track.
14-10-2022
MPOA: Review SST, Windfall Profit Levy on palm oil
13/10/2022 (The Borneo Post), Kota Kinabalu - The Chief Executive of the Malaysian Palm Oil Association (MPOA), Joseph Tek Choon Yee proposed for the price threshold review of the State Sales Tax (SST) in Sabah and Sarawak in recognition of the present high-cost of production for palm oil.