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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm oil may retest support at 3,577 ringgit
SINGAPORE: Palm oil may retest a support at 3,577 ringgit per tonne, a break below which could cause a fall to 3,520 ringgit.
Edible oil imports surge as global prices drop sharply
There has been a sharp spike in edible oil imports during the first five months of the current oil year (November-December) due to softening global prices of palm, soybean and sunflower oils.
Jokowi shares concern over discriminatory EU rules with Czech PM
Bogor, W Java (ANTARA) - Indonesian President Joko Widodo (Jokowi) expressed his concern over several discriminatory regulations issued by the European Union (EU) while receiving a courtesy call from the Prime Minister (PM) of the Czech Republic, Petr Fiala.
Palm marks best day since Dec 2022 amid supply concerns, weaker ringgit
SINGAPORE: Malaysian palm oil futures ended more than 4% higher on Tuesday, the biggest daily gain since December, tracking strength in related edible oils amid threats to the Black Sea grain corridor deal, while a weaker Malaysian ringgit lent some support.
Malaysia keeps May crude palm oil export duty at 8%
17/04/2023 (The Star Online), Kuala Lumpur - Malaysia has maintained its May export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Monday.
Sarawak adds three source countries for palm workers
17/04/2023 (The Star Online), Kuching - Oil palm plantation companies in Sarawak are now allowed to recruit foreign workers from several other countries other than Indonesia.
Indonesia sets up task force to improve governance in its palm oil sector
17/04/2023 (Channel News Asia), Jakarta - Indonesia has formed a new task force to improve governance in the palm oil plantation sector, aiming to ensure companies comply with rules including on tax payments, its deputy finance minister said on Monday.
Domestic Trade Ministry: Subsidised cooking oil quota remains at 60,000 tonnes per month
17/04/2023 (The Borneo Post Online), Putrajaya - The 60,000-tonne quota for subsidised cooking oil remains for now, the Ministry of Domestic Trade and Cost of Living (KPDN) said today.
VEGOILS-Palm rebounds on low Indonesia stockpiles
17/03/2023 (Nasdaq), Jakarta - Malaysian palm oil futures rebounded on Monday, underpinned by data showing a sharp drop in Indonesia's February inventories, and a weaker Malaysian ringgit.
