Archived News
18-03-2022
Indonesia makes U-turn to replace palm oil export curbs with levy
JAKARTA (March 17): Indonesia will remove export volume restrictions on palm oil products and raise its export levy instead, its trade minister said on Thursday, in a surprise policy U-turn just a week after it shocked markets by further tightening its curbs.
18-03-2022
Indonesia raises palm oil export levy to maximum $375/T
JAKARTA, March 18 (Reuters) - Indonesia has raised its palm oil export levy and the maximum rate has been set at $375 a tonne when the reference price for the edible oil hits $1,500 a tonne, up from $175 previously, a new government regulation showed on Friday.
18-03-2022
Palm oil drops
KUALA LUMPUR: Malaysian palm oil futures plunged to an intraday low of 6.7% on Thursday after Indonesia removed its export restrictions, but the contract pulled back significantly as crude prices surged.
18-03-2022
CPO futures end lower
KUALA LUMPUR (March 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated from Wednesday’s gains to end lower on Thursday, driven by renewed concern on the global commodities market.
18-03-2022
CPO prices to remain elevated in near term
PETALING JAYA: Crude palm oil (CPO) prices will likely remain elevated for a while, possibly into the end of the first half of 2022, if not longer, according to Hong Leong Investment Bank (HLIB) Research.
18-03-2022
China’s soybean supply guaranteed despite price hikes: experts
The domestic supply of soybeans is guaranteed despite the complex environment in the international market, Chinese experts said, after feed and soybean prices continued their recent surges that have taken them to multi-year highs amid the Russia-Ukraine situation.
18-03-2022
Argentina soy, corn outlook at risk of more cuts as yields disappoint
BUENOS AIRES, March 17 (Reuters) - Argentina's 2021/22 soybean, corn and sunflower harvest forecasts could be cut further, the Buenos Aires grains exchange said on Thursday, citing lower-than-expected yields due to adverse weather conditions that have hit crops this year.
18-03-2022
Government to subsidize bulk cooking oil at Rp14,000/liter: minister
Jakarta (ANTARA) - Trade Minister Muhammad Lutfi announced on Thursday that the government will subsidize bulk cooking oil at a price of Rp14,000 per liter.
18-03-2022
Higher ASP results in margin expansion for Sarawak Oil Palms
PETALING JAYA: High average selling prices (ASP) of crude oil palm (CPO) have resulted in margin expansion for Sarawak Oil Palms Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s downstream businesss.
17-03-2022
US unfairly sanctioned palm oil producer because it employed people on parole, says Zuraida
KUALA LUMPUR: The US Customs and Border Protection (CBP) has accused Sime Darby Plantations Bhd of forced labour just because the company employed parolees, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin(pic).
17-03-2022
Palm oil reverses after 4 days of losses as exports increase
PALM oil snapped a four-day losing streak as Brent crude oil steadied and traders assessed signs of stronger export demand.
17-03-2022
Elevated CPO price to stay for a while, says HLIB
KUALA LUMPUR: Crude palm oil (CPO) price will remain elevated for a while possibly into end of June, if not longer, according to Hong Leong Investment Bank Bhd (HLIB).