Archived News
31-05-2022
Indonesia could issue palm oil export permits today, official says
30/05/2022 (The Edge Markets), Jakarta - Indonesia's trade ministry has received a number of palm oil export permit requests that could be granted within the day, senior ministry official Veri Anggriono said on Monday.
31-05-2022
Malaysia's palm oil association expects 52,000 migrant workers to enter by year-end
30/05/2022 (Channel News Asia), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA) is expecting about 52,000 migrant workers to arrive by the end of the year but warned that it would be too little, too late for output to rebound in the world's second-largest producer.
31-05-2022
Indonesia aims to issue first palm oil export permits since ban
30/05/2022 (The Malay Mail) - Indonesia has received its first requests for palm oil export permits following the lifting of a ban a week ago, some of which could be granted today, a senior official said, signaling a calibrated resumption of shipments amid protracted delays.
31-05-2022
BRIN creates fruit coating solution from palm oil derivative products
30/05/2022 (Antara News), Jakarta - Agriculture and Crop Research Organization's Agroindustry Research Center at the National Research and Innovation Agency (BRIN) created a coating solution to maintain freshness and increase shelf life of fruits by utilizing palm oil derivative products.
31-05-2022
Palm oil may seek support around 6,220 ringgit
30/05/2022 (Business Recorder), Singapore - Palm oil may seek a support around 6,220 ringgit per tonne, as suggested by a retracement analysis.
31-05-2022
TH Plantations’ Q1 earnings surge 44pc on higher average prices
30/05/2022 (The Malay Mail) - TH Plantations Bhd (THP) boosted its net profit by 44 per cent to RM21.59 million for the first quarter ended March 31, 2022, from RM14.97 million a year earlier on higher revenue from its oil palm plantations.
31-05-2022
Indian tax holiday on sunflower, soybean oil imports to affect market after June
30/05/2022 (Hellenic Shipping News) - India’s complete tax waiver on annual imports of 2 million mt each of crude sunflower and soybean oil may pressure palm oil imports, but the impact on the world’s largest vegetable oil buyer will be visible only after June, market sources have told S&P Global Commodity Insights.
30-05-2022
Indonesia to allocate about 1 million tonnes of palm oil for export
JAKARTA: Indonesia will allocate about 1 million tonnes of palm oil for export, prioritising companies that have been registered for the government's bulk cooking oil programme, a senior trade ministry official said on Friday.
30-05-2022
Palm oil analyst top expert urges Indonesia to resume exports immediately
KUALA LUMPUR, May 28 (Reuters): Leading edible oil analyst Dorab Mistry earlier has urged Indonesia to immediately resume exports of palm oil, warning that a halt in shipments pending details of a domestic sales rule could spell economic "doom" for farmers.
30-05-2022
Can sweet spot in commodities be sustained?
MALAYSIA may currently be in a sweet spot as it enjoys high prices of commodities such as crude and palm oil, but for how long can these good prices last?
30-05-2022
CPO futures to continue upward momentum next week
THE crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade on an upward trajectory in anticipation of weaker output, a dealer said.
30-05-2022
CPO futures end lower
KUALA LUMPUR (May 27): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Friday ahead of a potential announcement by the Indonesian government with regard to palm oil exports.