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Malaysian Palm Oil Board: CPO to trade at RM4,000-RM4,200 per tonne in 2023
Harn Len buys plantation unit from Jakel for RM54.7m in cash and shares, confirms The Edge report
GRAINS-Chicago soyoil nears 2008 high as Indonesia bans palm oil exports
Malaysia mulls halting palm oil exports to EU to oppose new rule
Falling demand for crude palm oil continues to drag CPO futures lower
11/01/2023 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its downtrend to end lower on Wednesday amid falling demand for the commodity, a dealer said.
PLS Plantation to reduce palm oil business to 15pct
02/02/2023 (New Straits Times), Kuala Lumpur - Ekovest Bhd's subsidiary, PLS Plantation Bhd is planning to reduce its oil palm plantation business from 80 per cent currently to just about 15 per cent over the next few years.
US finds no forced labour in Sime Darby’s palm oil production
03/02/2023 (Free Malaysia Today), Petaling Jaya - The United States has cleared Sime Darby Plantation Bhd (SDP) of allegations of forced labour in the production of its palm oil and derivative products, a filing under the US Federal Register showed.
Palm oil to test support at 3,796 ringgit
02/02/2023 (Business Recorder), Singapore - Palm oil is expected to test a support at 3,796 ringgit per tonne, a break below which could be followed by a drop into a range of 3,683-3,721 ringgit.
ICCI appeals to Indonesia for restoring exports of palm oil
03/02/2023 (Daily Times) - Islamabad Chamber of Commerce and Industry (ICCI) on Thursday urged the Indonesian authorities for restoring the normal export of palm oil to Pakistan as it was a major importer of palm oil from Indonesia.
Bottled cooking oil ceiling prices unchanged from Feb 8-March 7
02/02/2023 (The Star Online), Putrajaya - The maximum retail prices for bottled pure cooking oil will remain unchanged for the Feb 8 to March 7 period, according to the Domestic Trade and Cost of Living Ministry.
Palm oil is actually not that bad (anymore)
02/02/2023 (Vox) - In the last two decades, palm oil has become an environmental boogeyman, an ingredient that conscious consumers should try to avoid.
Palm oil drops 3pc as Indonesia keeps domestic sale rule
01/02/2023 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.
Indonesia cuts 1H February palm export taxes, levies
01/02/2023 (Argus Media) - Indonesia has decreased export taxes and levies on palm products for 1-15 February after the crude palm oil (CPO) reference price for the same period dropped below $880/t, triggering the lower band of duties and levies.
