Archived News
11-11-2021
Malaysia end-Oct palm oil stocks expands 4.4% to 1.83 mln T – MPOB
Malaysia's end-Oct palm oil end-stocks rose 4.42% from Sept to 1.83 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) data showed on Wednesday.
11-11-2021
Spike in fertiliser price will lead to higher production cost for planters in 2022, says UOB KayHian
The spike in fertiliser cost will increase the cost of production by about 15% to 20% for 2022, said UOB KayHian research on Wednesday.
11-11-2021
Govt may raise additional net revenue of RM400m
The government may raise additional net revenue of RM400mil from several Budget 2022 changes which are seen to be less punitive on the stock market compared to capital gains tax, CGS-CIMB Equities Research said.
11-11-2021
Big U.S., Brazil harvests and slowing China demand ease some crop shortage fears
Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering supplies of two of the top globally traded commodities: soy and corn.
11-11-2021
CPO stocks up 5.97pc in Oct 2021, total palm oil stocks at 1.83 million tonnes
Malaysian crude palm oil (CPO) stocks for October 2021 rose 5.97 per cent to 986,168 tonnes from the 930,654 tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB).
11-11-2021
Malaysia's oil palm industry affected by insufficient manpower
Malaysia does not have sufficient manpower for harvesting jobs in the oil palm plantations, said the Ministry of Plantation Industries and Commodities (MPIC).
11-11-2021
VEGOILS-Palm rise over 2% on stronger early Nov exports
Malaysian palm oil futures extended early gains on Wednesday, logging its highest intraday rise in four weeks, as the market benefited from an increase in early November exports.
11-11-2021
Malaysia's end-October palm oil stocks up on better output, weaker exports
Malaysia's end-October palm oil inventories rebounded from the month before as exports sank, while production climbed to a 13-month high, data by the nation's palm oil board showed on Wednesday (Nov 10).
10-11-2021
VEGOILS-Palm oil drops over 2% on demand concerns, weaker rival oils
KUALA LUMPUR, Nov 9 (Reuters) - Malaysian palm oil futures declined on Tuesday, falling for a second session of the last three, as losses in rival oils and concerns that a slowdown in demand would raise inventories weighed on sentiment.
10-11-2021
Indonesia recruits farmers, teachers to battle anti-palm oil sentiment
SINGAPORE — Indonesia’s giant palm oil industry, long a target of global green groups, is shoring up its defenses closer to home as it tries to counter growing anti-palm oil sentiment among a more environmentally conscious generation of young Indonesians.
10-11-2021
CPO futures end lower, tracking Chicago Board of Trade
KUALA LUMPUR (Nov 9): Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Tuesday (Nov 9), tracking the weakness in the Chicago Board of Trade (CBOT) soybean oil market.
10-11-2021
Indonesia mulls hoarding UCO to hit emissions goals
Indonesia may impose restrictions on used cooking oil (UCO) exports from next year to help fuel its own renewable energy targets, according to the Indonesian Palm Oil Association's vice-chairman for trade and sustainability Togar Sitanggang.