Archived News
10-06-2022
Price of CPO likely to ease
KUALA LUMPUR: Palm oil industry expert Dorab Mistry expects the price of crude palm oil (CPO) to ease towards end of the year due to high supplies of vegetable oil.
10-06-2022
Palm oil prices to weaken to RM4,000 per tonne by 4Q, says analyst Mistry
KUALA LUMPUR (June 9): Crude palm oil (CPO) prices are expected to weaken to RM4,000 per tonne by the last quarter of the year (4Q22), driven by an increase of CPO production in Indonesia and dampened demand for vegetable oils, said Godrej International Ltd director and edible oil analyst Dorab Mistry.
10-06-2022
Indonesia launches scheme to speed up palm oil exports
JAKARTA (June 9): Indonesia has launched an export acceleration scheme aimed at shipping at least 1 million tonnes of crude palm oil and derivatives following a recent export ban, according to a trade ministry regulation made public on Thursday.
10-06-2022
CPO futures end lower, tracking weakness in soybean oil
KUALA LUMPUR (June 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the second consecutive day on Thursday in tandem with the weakness in the soybean oil market on the Dalian Commodity Exchange.
10-06-2022
Palm slumps 4% as Indonesia prepares to ramp up exports
KUALA LUMPUR: Malaysian palm oil futures fell 4% on Thursday after top producer Indonesia kicked off a scheme to accelerate exports and key buyer China re-imposed COVID-19 lockdowns in Shanghai.
10-06-2022
Edible oil price shock continues
The government yesterday increased the price of soybean oil by Tk 5 to Tk 7 per litre, dashing the hopes of the edible oil market in Bangladesh cooling off anytime soon.
10-06-2022
Tanzanian president orders to set aside land for sunflower cultivation
Tanzanian President Samia Suluhu Hassan on Thursday ordered authorities in the northwestern region of Kagera to set aside between 70,000 and 100,000 hectares of land for massive cultivation of sunflower and palm oil to end the shortage of edible oil facing the country.
10-06-2022
Indonesians paying the price of cooking oil crisis
About three weeks after Russian troops invaded Ukraine, housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.
10-06-2022
Indonesia raises maximum palm oil export tax -regulation document
JAKARTA, June 10 (Reuters) - Indonesia Finance Ministry raised its maximum export tax for crude palm oil (CPO) to $288 per tonne for when the government's reference price is set above $1,500 per tonne, a regulation document reviewed by Reuters showed on Friday.
10-06-2022
Palm oil may extend gains into 3,824-3,919 ringgit range
05/10/2022 (Business Recorder) - Palm oil may extend its gains into a range of 3,824-3,919 ringgit per tonne, as it has broken a resistance at 3,754 ringgit.
09-06-2022
CPO futures end lower
08/06/2020 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday as the lifting of Indonesia’s palm oil export ban continued to put pressure on Malaysia’s CPO demand and prices, a dealer said.
09-06-2022
Strong Demand, Global Disruptions Boost Fortunes Of Malaysia’s Palm Oil Tycoons
08/06/2022 (Forbes) - Malaysian palm oil tycoons are reaping windfall profits as global disruptions drive up the price of the commodity. Indonesia’s temporary export ban on cooking oil and its raw materials coincided with a drop in palm oil production in Malaysia amid a pandemic-driven shortage. Meanwhile consumers in China and India are turning to palm oil as an alternative to dwindling supplies of sunflower oil from the world’s biggest producers, Russia and Ukraine, alongside lower soybean production in South America and rapeseed oil in Europe.