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Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Telangana’s ambitious palm oil strategy to help India reduce import
31/10/2022 (BBC News) - An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted with palm oil plantations on both sides.
Palm oil tracks rivals lower, posts 2.8% weekly drop
29/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures on Friday tracked a slump in rival edible oils to post its biggest one-day drop in a month and logged a weekly loss amid concerns over sluggish demand.
Palm oil may fall into 4,001-4,071 ringgit range
28/10/2022 (Business Recorder), Singapore - Palm oil may break a support of 4,114 ringgit per tonne and fall into 4,001-4,071 ringgit range.
Resetting southeast Asia's climate agenda
30/10/2022 (The JordanTimes), Singapore - High inflation, rising interest rates, falling currencies and volatile energy prices, together with an economic slowdown and post-pandemic budget woes, may increase pressure on the ASEAN+3, the ten members of the Association of Southeast Asian Nations, together with China, Japan, and South Korea, to scale back efforts to mitigate climate risk. While this policy shift may make fiscal sense, it is a mistake that could have grave repercussions for the region and ultimately lead to slower economic growth and greater financial instability.
CPO futures likely to see correction this week
31/10/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to experience technical correction this week, as concerns over production and high inventory weigh on investor sentiment, a trader says.
Addressing labour shortage in oil palm plantation sector
28/10/2022 (New Straits Times) - THE issue of labour shortage in oil palm plantations in the country has been getting the attention of the media lately. Measures are already in place to address the issue and strategies are being formulated to ensure the competitiveness and sustainability of the Malaysian palm oil industry.
Palm oil may retest support of 4,114 ringgit
28/10/2022 (Business Recorder), Singapore - Palm oil may retest a support of 4,114 ringgit per tonne, a break below which could open the way towards 4,001-4,071 ringgit range.
Ringgit up for 2nd consecutive day
27/10/2022 (The Malaysian Reserve) - THE ringgit closed higher against the greenback for the second consecutive day as weaker US consumer data lifted hopes that the US Federal Reserve (Fed) would soften its monetary stance of aggressive interest rate hikes.
Cover Story: Revisiting interest schemes
27/10/2022 (The Edge Markets) - AGRICULTURE-related interest schemes have been getting bad publicity as media reports of possible scams perpetrated on investors in such schemes emerged. It has not helped that a number of such schemes have failed.
