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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
Edible oil price fall spurs rethink on import duty
With a sharp fall in retail prices of edible oils over the last six months in line with the global trend, the government is considering withdrawing the import duty concessions on these products.
Palm oil posts weekly gain on export surge
Malaysian palm oil futures eased on Friday on a rise in January stocks, although stronger exports and higher Indonesian export taxes helped the benchmark contract log a weekly gain
Investments and savings the key
Malaysia’s stellar economic performance momentum, which is anticipated to start moderating this year, can be mitigated by a sustainable growth model centred on investments and savings, say economists.
U.S. soybeans tick up, corn dips on sluggish exports
U.S. soybean futures edged higher while corn and wheat slipped in choppy Asian trading on Friday, following uninspiring export data and with traders monitoring production prospects in drought-hit Argentina.
CPO prices to hover between RM3,500 and RM4,000: Kenanga Research
Crude palm oil (CPO) prices are expected to hover between RM3,500 and RM4,000 per tonne, said Kenanga Research.
Massive hike in ghee, cooking oil prices test people’s patience
Ghee and cooking oil manufacturing companies have become completely unbridled as the price of ghee in retail has shot up by Rs80 per kilo in Karachi while that of cooking oil by Rs45 per liter.
Joint mission by Indonesia, Malaysia to EU in bid to counter ‘discrimination’ against palm oil industry
09/02/2023 (Channel News Asia), Jakarta - Indonesia and Malaysia have agreed to conduct a joint mission to the European Union (EU) to discuss the impact of the bloc’s regulations on the two countries’ palm oil industries.
Top palm oil growers send team to EU to fight deforestation law
09/02/2023 (The Edge Markets), Jakarta/Kuala Lumpur - The world’s top palm oil producing nations will send a team to the European Union (EU) to discuss the bloc’s new deforestation law and prevent “unintended consequences” for the industry and its millions of small farmers.
Can the EU succeed on closing Indonesia trade deal?
08/02/2023 (DW) - The EU has been negotiating an economic partnership agreement with Indonesia for almost seven years. Talks this week present a new opportunity for a breakthrough.
