Archived News
14-04-2022
Biodiesel blend still relevant for domestic use
THE implementation of biodiesel for the domestic sector is still worth it, according to FGV Holdings Bhd as the group could channel Malaysia’s crude palm oil (CPO) as the main feedstock to produce biodiesel under the Malaysian 10% palm oil blend in diesel known as B10 or B20.
13-04-2022
Analysts positive on plantation sector after palm oil inventories fell to one-year low in March
KUALA LUMPUR (April 12): Public Investment Bank Bhd (PIVB) has maintained its “overweight†rating of the plantation sector with a full-year crude palm oil (CPO) price forecast of RM4,300 per tonne.
13-04-2022
Indonesia's 2022 crude palm oil output seen at 48.24 mln T - agri ministry
JAKARTA, April 12 (Reuters) - Indonesia's 2022 crude palm oil production is estimated at 48.24 million tonnes, up from 46.85 million tonnes in 2021, according to agriculture ministry data presented at a parliamentary hearing on Tuesday. (Reporting by Fransiska Nangoy; Editing by Martin Petty)
13-04-2022
USDA forecasts higher global palm oil fundamentals
The US Department of Agriculture (USDA) has raised global palm oil output, trade and stocks forecasts in its April oilseeds world markets and trade report.
13-04-2022
Palm gains about 3% to near three-week high as stocks tighten
Malaysian palm oil futures climbed on Tuesday to their highest in nearly three weeks, buoyed by tight inventories even as analysts forecast a drop in April exports.
13-04-2022
USDA cuts Brazil 2021-22 soybean output estimates, Argentina steady
The US Department of Agriculture further lowered its Brazilian soybean output projections from previous estimates, while Argentina forecast was held steady, it said April 8.
13-04-2022
EU sunflower oil prices fall on demand drop, more supply -Oil World
HAMBURG, April 12 (Reuters) - European sunflower oil prices have fallen sharply in the past two weeks after surging upwards after Ukraine’s huge exports were cut, the head of Hamburg-based oilseeds analysts Oil World said on Tuesday.
13-04-2022
CPO price may remain high until June 2022, says HLIB
KUALA LUMPUR: Crude palm oil (CPO) price is expected to remain at elevated levels, possibly until the first half of 2022 (1H22), said Hong Leong Investment Bank Bhd (HLIB).
13-04-2022
FGV says March CPO production up at 215,689 tonnes from 171,898 tonnes in February
KUALA LUMPUR (April 12): FGV Holdings Bhd's March 2022 crude palm oil (CPO) production climbed to 215,689 tonnes from 171,898 tonnes in February 2022 as the company’s oil palm fresh fruit bunch (FFB) output rose.
12-04-2022
Malaysia’s end-March palm oil stocks hit one-year low as demand jumps
Malaysia’s palm oil inventories at the end of March shrank for a fifth consecutive month as a larger-than-expected rise in exports and plunge in imports outweighed strong production growth, Malaysian Palm Oil Board (MPOB) data showed on Monday.
12-04-2022
CPO stocks declined, output rose in March — MPOB
KUALA LUMPUR (April 11): Malaysia’s crude palm oil (CPO) stocks fell to 764,079 tonnes in March 2022, contracting 2.6% or 20,409 tonnes from 784,488 tonnes in February 2022, said the Malaysian Palm Oil Board (MPOB).
12-04-2022
Palm oil biased to edge up to 6,104 ringgit
SINGAPORE: Palm oil is biased to break a resistance at 5,966 ringgit tonne and edge up to the next resistance at 6,104 ringgit.