Archived News

04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia’s crude palm oil (CPO) output is expected to grow by 2.8% month-on-month (m-o-m) and 4.3% year-on-year (y-o-y) to 1.59 million tonnes in July 2022, said CGS-CIMB Securities Sdn Bhd.

04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia is prepared to meet India’s demand for palm oil in light of potentially inconsistent supply from Indonesia as a result of changes in palm oil export policy, which have created market uncertainty for major importing countries.

04/08/2022 (Business Recorder), Singapore - Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range. The contract started a bounce earlier than expected, which was supposed to occur around 3,717 ringgit.

04/05/2022 (The Hindu Business Line) - India is the second largest edible oil market in the world. It consumes, on an average, 21 million tonnes (mt) of edible oil each year, of which, 7-8 mt are produced locally, while 13 mt — that is, 66-68 per cent — are imported. This makes India the No.1 importer, with close to $18 billion outflow last year.

04/08/2022 (The Star Online), Petaling Jaya - It will take some three to five years before plantation stakeholders who invested in automation could see the potential outcome, says Malaysian Palm Oil Council (MPOC) chairman Larry Sng.

04/08/2022 (The Star Online), Kuala Lumpur - Bursa Malaysia climbed higher at midday as broader market sentiment was positive and select index-linked stocks lifted.

03/08/2022 (Reuters), Mumbai - India's soyoil imports in July more than doubled from a month ago to a record high as refiners ramped up purchases to take advantage of New Delhi's move to allow duty free imports of the vegetable oil to calm all-time high prices, five dealers said.

04/08/2022 (The Star Online), Jakarta - Indonesia’s economy likely accelerated last quarter, buoyed by strong exports and private consumption, but a slowdown in China and the threat of a global recession pose significant risks in coming months, a Reuters poll has found.

04/08/2022 (Channel News Asia), Kuala Lumpur - Malaysia said on Thursday it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia.

04/08/2022 (The Star Online) - KUALA LUMPUR: How plantation companies perform financially in the second quarter of this year (2Q22) will depend on their exposure to the upstream business in Malaysia and Indonesia, says Hong Leong Investment Bank (HLIB).

04/08/2022 (The Star Online) - PULLARAO Daravathu and thousands of fellow farmers from Telangana in India’s south are busy planting oil palms as their home state aims to add more area under the crop within four years than the entire country has in decades.

04/08/2022 (New Straits Times), Kuala Lumpur - The European Union (EU) has never imposed a ban on palm oil exports from Malaysia, a top EU diplomat clarified on Monday.