Archived News
15-08-2022
CPO futures close higher, pushing above RM4,200 a tonne
12/08/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher on Friday — breaking above the recent high of RM4,200 a tonne, supported by stronger soybean oil prices, a dealer said.
15-08-2022
CPO futures seen to rise
15/08/2022 (The Star Online) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher this week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.
15-08-2022
India's palm oil imports fall in July as soyoil jumps to record high
13/08/2022 (The Star Online), Mumbai - India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday.
15-08-2022
CPO futures seen trending higher next week on expectation of stronger exports
13/08/2022 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.
15-08-2022
India’s palm oil imports decline as soy oil jumps
14/08/2022 (Taipei Times) - India’s palm oil imports last month fell 10 percent from a month earlier, as refiners ramped up purchases of rival soy oil to take advantage of New Delhi’s move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday.
15-08-2022
Can robust exports be sustained?
15/08/2022 (The Star Online) - EXPORTS expanded strongly in June, growing by 38.8% year-on-year (y-o-y), but palm oil exports could face stiffer competition from Indonesia and oil and gas shipments could moderate on softening energy prices.
15-08-2022
Palm ends week higher amid demand optimism, strength in rival oils
12/08/2022 (Business Recorder), Jakarta - Malaysian palm oil futures posted a weekly jump as prices rose for a second straight session on Friday, buoyed by signs of a pickup in demand from key buyers and gains in rival Dalian oils.
12-08-2022
Approved foreign workers met only 19% of oil palm plantation sector's requirement in 2022 — MPOA
06/12/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Association (MPOA), which estimated RM20 billion in revenue losses for the oil palm plantation sector following harvester shortages, said the foreign workers approved for the sector translated into only 19% of the total required in 2022.
11-08-2022
VEGOILS-Palm oil breaks three-day gaining streak as stocks rise
Malaysian palm oil futures snapped a three-session gaining streak on Wednesday, after data showed stocks rose in July despite higher-than-expected exports.
11-08-2022
Malaysia's palm oil stocks rise 7.7 pct to 1.77 mln tonnes in July
KUALA LUMPUR, Aug. 10 (Xinhua) -- Malaysia, the world's second-largest palm oil producer, saw its July palm oil stocks rise 7.71 percent from the previous month to 1.77 million tonnes, official data showed Wednesday.
11-08-2022
BASF achieves its palm oil commitment: 100% RSPO-certified palm (kernel) oil sourced in 2021
More than 330,000 metric tons of carbon dioxide avoided by sourcing certified sustainable palm kernel oil BASF has again reached its goal of sourcing all palm (kernel) oils certified from sustainable sources by the Roundtable on Sustainable Palm Oil (RSPO) in 2021.
11-08-2022
Palm oil tracks soyoil lower; key data in focus
Malaysian palm oil futures retreated on Wednesday from a three-day climb, as the contract tracked weakness in rival soyoil.