Archived News
09-02-2022
Corn, Soybean Prices Close Lower | Tuesday, February 8, 2022
On Tuesday, the CME Group’s farm markets close mostly lower. At the close, the March corn futures closed 3¢ lower at $6.32. May futures finished 3¢ lower at $6.34. December futures ended 1¢ higher at $5.82. March soybean futures settled 12¾¢ lower at $15.69.
09-02-2022
Trade Ministry to stabilize the price of cooking oil
Jakarta (ANTARA) - Trade Ministry's Director-General of Domestic Trade, Oke Nurwan, confirmed that the government was in the process of stabilizing cooking oil prices by implementing policies, including Domestic Mandatory Obligation (DMO) and Domestic Price Obligation (DPO).
09-02-2022
VEGOILS Palm extends fall on rival oil weakness, traders await output data
JAKARTA, Feb 9 (Reuters) - Malaysian palm oil futures extended losses to a third session on Wednesday, dragged down by lower vegetable oil prices in China, while investors awaited official January production and export data due on Thursday.
08-02-2022
Maybank IB: Malaysian oil palm growers benefit from Indonesia's new export ruling
07/02/2022 (The Edge Markets) - KUALA LUMPUR : Malaysian oil palm growers are benefiting from Indonesia’s new export policy through higher crude palm oil (CPO) prices, said Maybank Investment Bank (IB).
08-02-2022
VEGOILS Palm slips on weaker rival oils, expectations of higher Jan stockpiles
08/02/2022 (Reuters) – JAKARTA : Malaysian palm oil futures fell on Tuesday, as rival oils traded lower, while forecast of a marginal increase in January stockpiles also weighed on sentiment.
08-02-2022
Indonesia issues export permits for 310,000 t CPO – Official
07/02/2022 (Reuters) - JAKARTA, Feb 7 (Reuters) - Indonesia, the world's top palm oil shipper, has issued export permits for a combined 310,000 tonnes of crude palm oil and 18,178 tonnes of olein for six companies, Trade Ministry senior official Indrasari Wisnu Wardhana told Reuters on Monday.
08-02-2022
Malaysia end-Jan palm oil stocks seen flat as output, exports slump
07/02/2022 (The Edge Market) - KUALA LUMPUR : Malaysia's palm oil stockpile at the end of January likely stayed flat, as both production and exports in the world's second-largest producer plunged to an 11-month low, a Reuters survey showed on Monday.
08-02-2022
VEGOILS Palm ends lower on weaker rival oils, higher supply view
07/02/2022 (Reuters) – JAKARTA : Malaysian palm oil futures pulled back from a record high to end lower on Monday, pressured by rival oils easing and expectations of stockpiles remaining slightly higher at the end of January.
08-02-2022
Ministry committed in safeguarding industry
06/02/2022 (The Borneo Post) - KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) will continue to work hard to ensure the long-term interests of the palm oil industry are safeguarded as well as assist palm oil smallholders and other stakeholders.
08-02-2022
Palm oil prices set by markets not diplomacy, Kok tells Wee
06/08/2022 (Free Malaysia Today) - PETALING JAYA: Former minister for primary industries Teresa Kok, has denied that the former Pakatan Harapan (PH) government’s poor relations with countries such as India and China had caused palm oil prices to drop at the time.
08-02-2022
Palm oil treads water below recent highs, awaits clarity of Indonesia exports
04/02/2022 (The Edge Market) - SINGAPORE (Feb 4): Malaysian palm oil futures established a tight trading range on either side of RM5,550 per tonne on Friday (Feb 4) as market participants took stock of volatile global markets while still assessing the impact of Indonesia's new curbs on palm exports.
04-02-2022
Palm oil drops most in 2 weeks as record high prices cut demand
PALM oil slumped the most in more than two weeks on weaker soybean oil and fossil fuel markets after data showed that the surge in prices to a record had reduced demand for the tropical oil from top importers.