Archived News
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.
14-10-2022
India’s palm oil imports jump to one-year high in Sept as discounts widen
14/10/2022 (The Edge Markets), Bengaluru/Mumbai - India’s palm oil imports in September jumped to their highest in a year, boosted by strong demand ahead of the peak festival season and a steep discount to rival oils, a leading trade body said on Thursday.
14-10-2022
Oriental Holdings to acquire remaining shares in plantation companies and oil palm estates for RM1.2 bil
13/10/2022 (The Edge Markets), Kuala Lumpur - Oriental Holdings Bhd (OHB) is planning to acquire the remaining shares in three plantation companies, namely Selasih Permata Sdn Bhd (SPSB); Oriental Boon Siew (Mauritius) Pte Ltd, or OBS (M); and Southern Perak Plantations Sdn Bhd (SPP), for a total of RM802.26 million.
14-10-2022
Palm oil falls
14/10/2022 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures declined on Thursday after trading in a tight range, as traders weighed rising inventories against weak ringgit-led demand prospects.
14-10-2022
CGS-CIMB expects Malaysian planters to post weaker 3Q earnings
13/10/2022 (The Edge Markets), Kuala Lumpur - CGS-CIMB Securities has maintained its “Neutral” rating on the Agribusiness sector and said Malaysian palm oil stocks climbed to 2.31 million tonnes as at end-Sep 2022 —highest since Oct 2019 — spot on against house forecast but above consensus’.