Archived News
30-06-2022
CPO futures close lower on June 29
30/06/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased gains over the last two days to close lower on Wednesday (June 29) on concern over weaker export data, a dealer said.
30-06-2022
CPO prices set to recover
29/06/2022 (The Star Online), Kuala Lumpur - Despite the sharp decline in crude palm oil (CPO) prices over the past three weeks, international palm oil expert Thomas Mielke foresees palm oil prices to rebound in the near term.
30-06-2022
Palm oil price hike triggers peanut price rise In Mon State
29/06/2022 (BNI Online) - The demand for peanuts increased in June of this year, resulting in a price increase across Mon State.
30-06-2022
Palm falls on likely higher output, lower demand
29/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended lower on Wednesday over expectations of rising production and weaker demand, following an increase in export quotas by top producer Indonesia.
29-06-2022
M'sia urges palm oil mills to resume production despite price drop
28/06/2022 (Malaysia Kini) - Malaysian authorities on Tuesday called on palm oil millers to resume production and buy oil palm fruits from farmers, after a recent plunge in prices of the edible oil prompted some companies to halt processing.
29-06-2022
Palm oil prices to decline further, says Fitch
28/06/2022 (The Edge Markets) - Fitch Ratings expects higher global vegetable oil output to drive a decline in crude palm oil (CPO) prices to below US$1,000 (about RM4,399) a tonne (t) in the second half of 2022 (2H22) after averaging at around US$1,500/t in 1H22.
29-06-2022
Malaysia urges palm oil mills to resume production despite price drop
28/06/2022 (The Edge Markets), Kuala Lumpur - Malaysian authorities on Tuesday (June 28) called on palm oil millers to resume production and buy oil palm fruits from farmers, after a plunge in prices of the edible oil prompted some companies to halt processing.
29-06-2022
Higher vegetable oil output to push CPO prices down, says Fitch
28/06/2022 (New Straits Times), Kuala Lumpur - Fitch Ratings expects higher global vegetable oil output to drive a decline in crude palm oil (CPO) prices.
29-06-2022
As CPO prices plunge, millers halt palm oil production
28/06/2022 (The Borneo Post), Kuching - Palm oil millers here have decided to temporarily halt production following a dramatic plunge in prices of crude palm oil
29-06-2022
Indonesia palm oil firms to get bigger export quotas under new rules
28/06/2022 (The Star Online), Jakarta - Indonesian palm oil companies will be offered larger export quotas under new plans to adjust rules on local cooking oil sales, officials said on Tuesday, part of government efforts to improve domestic distribution after a months-long price crisis.
29-06-2022
Indonesia to road test 40% palm oil mix biodiesel at end-July
28/06/2022 (The Edge Markets), Jakarta - Indonesia is planning to start road test for vehicles powered by 40% palm-biodiesel, or B40, at the end of July, says Dadan Kusdiana, director general of new and renewable energy at the Energy and Mineral Resources Ministry.
29-06-2022
CPO futures close higher for second consecutive day on June 28
28/06/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed recent losses to close higher for a second consecutive day on Tuesday (June 28), as the market is cautious following news that millers have halted production due to declining prices, dealers said.