Archived News
20-07-2022
Optimism about Indonesia’s palm oil exports
19/07/2022 (The Star Online), Kuala Lumpur - CGS-CIMB Research is optimistic about Indonesia’s latest measure on the short-term palm oil export levy waiver as it encourages an increase in exports and reduces the country’s high stockpiles.
20-07-2022
Asian palm oil buyers replenish inventories as prices correct
19/07/2022 (Malay Mail) - Asian buyers are ramping up palm oil purchases to replenish inventories after prices corrected to their lowest in a year and as top producer Indonesia has scrapped levies on exports.
20-07-2022
Palm oil set to plunge 20% by September, top analyst predicts
19/07/2022 (The Edge Markets) - Palm oil, the world’s most consumed cooking oil, may extend its slide, tumbling more than 20% to RM3,000 a tonne by September, driven by surging supplies in Indonesia, said veteran analyst Dorab Mistry.
20-07-2022
Malaysia says China's 2022 total palm oil imports likely lower
19/07/2022 (The Star Online), Kuala Lumpur - Malaysia's commodities minister on Tuesday warned that its palm oil exports to China will continue to be affected by global economic challenges and overall imports in the world's second-largest buyer will likely decline.
20-07-2022
Labour crunch cost Malaysian palm oil sector RM10.4b in January-May
19/07/2022 (The Sunday Daily) - Malaysia is losing around 57,880 tonnes of palm oil fruit each day due to an acute shortage of labour, the Plantation Industries and Commodities Ministry said today, costing the world's second-biggest producer more than RM10 billion in the first five months of the year.
20-07-2022
Higher CPO prices mitigate lower FFB yields for Kretam
19/07/2022 (The Edge Markets) - KRETAM Holdings Bhd reported a record profit of RM153.3 million in the financial year ended Dec 31, 2021 (FY2021), but the Sabah-based plantation group refuses to get overly excited.
19-07-2022
Indonesia plans biweekly setting of CPO reference price
18/07/2022 (The Star Online), Jakarta - Indonesia plans to set a crude palm oil reference price every two weeks so that its tax rate can move more in line with market prices, CNBC Indonesia reported on Monday, citing the trade minister.
19-07-2022
CPO futures close lower on July 18
18/07/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed lower on Monday (July 18) despite stronger crude oil prices, said a trader.
19-07-2022
Red palm cooking oil cheaper than RBD palm oil: minister
18/07/2022 (Antara News), Jakarta - Red palm cooking oil is cheaper than the refined, bleached, and deodorized (RBD) palm cooking oil that is normally used by the community, Cooperatives and Small and Medium Enterprises (SMEs) Minister Teten Masduki has said.
19-07-2022
Edible oil prices likely to drop further
18/07/2022 (India Economic Times) - With Indonesia removing its export levy on all palm oil products until August 31, edible oil manufacturers in India will be able to pass on the benefits of softer global prices to final customers.
19-07-2022
Palm oil may retest resistance at 3,782 ringgit
19/07/2022 (Hellenic Shipping News) - Palm oil may retest a resistance at 3,782 ringgit per tonne, a break above which could lead to a gain into 3,900-4,090 ringgit range.
19-07-2022
Industry Ministry to prioritize downstreaming of palm oil industry
18/07/2022 (Antara News), Jakarta - The Ministry of Industry will focus on implementing the downstream industry policy in a bid to increase the added value of domestic agro-based commodities, including palm oil.