Archived News
21-07-2022
Economists raise 2022 export forecasts after Malaysia's record 2Q showing
20/07/2022 (The Edge Markets), Kuala Lumpur - Malaysia's exports rose 38.8% year-on-year in June to RM146.16 billion, driven by strong demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas as well as palm oil and palm-oil based agriculture products, prompting economists to raise their full year 2022 export forecasts even as they caution of the possibility of slower growth momentum in the second half of 2022.
21-07-2022
What is super normal profit?
21/07/2022 (New Strait Times) - IN micro economic theory, there is a term called supernormal profit. The term itself defines what it is — profit above the normal level.
20-07-2022
Govt optimistic China will increase palm oil imports
19/07/2022 (New Straits Times), Kuala Lumpur - China is expected to increase its palm oil imports despite the current global challenges, including the tight edible oil market.
20-07-2022
Govt to monitor development after Indonesia scrapped palm oil export levy — deputy minister
19/07/2022 (The Edge Markets) - The government will monitor the development of the palm oil industry after Indonesia announced that it had scrapped its export levy for all palm oil products until Aug 31, 2022.
20-07-2022
China likely to raise imports of Malaysia palm oil despite challenges, says Zuraida
19/07/2022 (The Edge Markets), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) on Tuesday (July 19) said it remains optimistic that China will increase its palm oil imports despite the current global challenges.
20-07-2022
Malaysia won’t go bankrupt like Sri Lanka, finance minister tells MPs – even as its China palm oil exports tumble
19/07/2022 (South China Morning Post) - Malaysia is stable and isn’t at risk of going bankrupt like Sri Lanka, Malaysian Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75 per cent this year as reason for confidence.
20-07-2022
Optimism about Indonesia’s palm oil exports
19/07/2022 (The Star Online), Kuala Lumpur - CGS-CIMB Research is optimistic about Indonesia’s latest measure on the short-term palm oil export levy waiver as it encourages an increase in exports and reduces the country’s high stockpiles.
20-07-2022
Asian palm oil buyers replenish inventories as prices correct
19/07/2022 (Malay Mail) - Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports.
20-07-2022
Palm oil set to plunge 20% by September, top analyst predicts
19/07/2022 (The Edge Markets) - Palm oil, the world’s most consumed cooking oil, may extend its slide, tumbling more than 20% to RM3,000 a tonne by September, driven by surging supplies in Indonesia, said veteran analyst Dorab Mistry.
20-07-2022
Malaysia says China's 2022 total palm oil imports likely lower
19/07/2022 (The Star Online), Kuala Lumpur - Malaysia's commodities minister on Tuesday warned that its palm oil exports to China will continue to be affected by global economic challenges and overall imports in the world's second-largest buyer will likely decline.
20-07-2022
Labour crunch cost Malaysian palm oil sector RM10.4b in January-May
19/07/2022 (The Sunday Daily) - Malaysia is losing around 57,880 tonnes of palm oil fruit each day due to an acute shortage of labour, the Plantation Industries and Commodities Ministry said today, costing the world's second-biggest producer more than RM10 billion in the first five months of the year.
20-07-2022
Higher CPO prices mitigate lower FFB yields for Kretam
19/07/2022 (The Edge Markets) - KRETAM Holdings Bhd reported a record profit of RM153.3 million in the financial year ended Dec 31, 2021 (FY2021), but the Sabah-based plantation group refuses to get overly excited.