Archived News

KUALA LUMPUR: Palm oil prices are expected to ease on seasonally high reproduction in the second half of the year (2H 2022), Kenanga Research said.

JAKARTA, June 13 (Reuters) - Indonesia's export allocation for palm oil products that is tied to domestic cooking oil distribution has been raised to 2.25 million tonnes, senior trade ministry official Oke Nurwan said on Monday, from around 1 million previously.

India may permit export of wheat to meet Indonesia’s food grain demand through an arrangement where the Southeast Asian nation supplies palm oil without any interruption at a competitive rate to address India’s concerns over shortage of edible oil, one of the key factors powering inflation, two people aware of the matter said, asking not to be named.

SINGAPORE: Palm oil may drop to 5,702 ringgit per tonne, driven by a powerful wave C.

KUALA LUMPUR: Malaysian palm oil futures closed at a more than 10-week low on Monday and extended losses for a fourth consecutive session, dragged by weak crude and as Indonesia’s makes headway in its plans to speed up exports.

PETALING JAYA: Investors should consider adopting a profit-taking strategy on the plantation sector, given continued uncertainties on the impact of Indonesia’s domestic market obligation (DMO) policy and the recent change in its tax structure.

13/06/2022 (Malaya Business Insight) - Asian stocks fell on Friday, spooked by a fresh COVID-19 alert in Shanghai and Beijing, while Indonesian stocks took a hit after the world’s biggest palm oil exporter raised its maximum palm oil export tax.

12/06/2022 (The Star Online), Jakarta - Indonesia, the world's biggest exporter of palm oil, has yet again reversed its export policy, looking to accelerate shipments just weeks after ending a three-week export ban aimed at maintaining domestic supply.

11/06/2022 (The Star Online), Sibu - The increase in palm oil prices in the plantation sector has attracted workers from other sectors, said Senior Works Minister Datuk Seri Fadillah Yusof.

13/06/2022 (The Jakarta Post) - The overall audit that Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan ordered last week for the whole upstream and downstream palm oil industry should pay special attention to the position of the estimated 2.7 million palm oil smallholders vis-à-vis big palm oil businesses.

11/06/2022 (The Malaysian Reserve) - OF late, the record high fertiliser prices seems to offset upstream planters’ solace in the current strong crude palm oil (CPO) prices and news of a gradual return of some 32,000 foreign workers into the plantation sector.

11/06/2022 (ANTARA News), Jakarta - Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has said that he expects the Bulk Cooking Oil Information System (SIMIRAH) to become a super app assisting in resolving cooking oil management issues.