Archived News

28/09/2022 (Reuters) - JAKARTA, Sept 28 (Reuters) - Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, deputy coordinating economic minister Musdhalifah Machmud told Reuters on Wednesday, down from the $846.32 per tonne for Sept. 16-30.

28/09/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 3,427 ringgit per tonne, a break below which could open the way towards 3,288-3,360 ringgit range.

28/09/2022 (wwlp.com), GREENFIELD, Mass. (WWLP) – Northeast Biodiesel will start production at a facility in Greenfield Wednesday.

27/09/2022 (The Star Online), Jakarta - Malaysian palm oil futures are down more than 8% as they hit their lowest in 15 months, after a leading industry analyst warned that prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.

27/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil extended its retreat to cap the longest run of daily losses in almost three months, dragged down by weakness in energy prices and concerns about a global slowdown that could curb edible oil demand.

27/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures recouped some losses as crude oil and US soy oil rebounded but still ended Tuesday (Sept 27)’s afternoon trade lower, as concerns of higher output and soft demand for the rest of the year remained.

27/09/2022 (The Star Online), Kuala Lumpur - The oil palm industry is hoping for a fundamental shift in strategy in the upcoming Budget 2023, focusing on intensive, yield and investment-driven growth in line with the increasing emphasis on sustainability by major producing nations and consuming markets.

27/09/2022 (Business Recorder), Singapore - Palm oil may retest a support at 3,427 ringgit per tonne, as it has pierced below the Sept. 8 low of 3,481 ringgit.

26/09/2022 (New Straits Times), Kuala Lumpur - Agriculture commodity product exports saw an increase of 64 per cent during the Covid-19 movement control order (MCO) period in 2020 and 2021, compared to the pre-pandemic years of 2018 and 2019.

26/9/2022 (The Edge Markets) - Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.

26/09/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives is expected to trade on downside bias due to weak demand, which may weigh on prices, a dealer says.

26/09/2022 (The Malaysian Reserve), Singapore - A sharp retreat in palm oil prices will likely help to cool the food inflation that’s been gripping the world.