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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 posts biggest loss in six weeks on weaker rival oils, exports
26/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures posted their biggest loss in over six weeks on Wednesday, in the first trading day after Lunar New Year holidays, tracking weakness in U.S. soyoil and as lower export volumes weighed.
India’s March quarter palm oil imports could drop 29% as stocks rise-dealers
26/01/2023 (Hellenic Shipping News) - India’s palm oil imports could drop 29% in the March quarter from the previous quarter as record inventories and weak demand prompt refiners to curtail purchases and focus on liquidating stocks, five dealers told Reuters.
Plantation companies maintain cautious stance
24/01/2023 (The Star Online), Petaling Jaya - Plantation companies are maintaining a cautious outlook for 2023, on the back of lower crude palm oil (CPO) and palm kernel (PK) prices and unresolved labour issues.
Fighting discriminative trade policies through CPOPC
25/01/2023 (New Straits Times) - MALAYSIA and Indonesia's commitment to strengthening cooperation through the Council of Palm Oil Producing Countries (CPOPC) to fight discriminative trade policies against palm oil is an encouraging development for the oil palm industry.
Indonesia's 2022 palm oil exports fell 8.5%, output sluggish
25/01/2023 (Channel News Asia), Jakarta - Indonesia's palm oil exports fell 8.5 per cent last year because of a volatile regulatory environment and sluggish output that is expected to continue this year, the Indonesia Palm Oil Association (GAPKI) said on Wednesday.
Palm oil prices to stay high
25/01/2023 (Business Recorder) - International palm oil prices have stabilized, having hit record highs last year. Pakistan’s import unit cost for palm oil in December 2022 at $1,043/ton was the lowest in 21 months – having hit a high of $1646/ton six months ago. Import quantities have largely remained unchanged for 1HFY23 despite significant increases in retail prices. The jury is out on whether Pakistan is doling out the precious foreign exchange to satiate the demand of neighboring Afghanistan for palm oil as well – in addition to pulses and wheat.
Indonesia aims to launch palm oil benchmark price by June - trade minister
JAKARTA : Indonesia plans to launch a crude palm oil benchmark price by June, the country's trade minister said on Thursday.
POLL-Palm prices seen falling 23% in 2023 as output rises, but Indonesia to keep supply tight
KUALA LUMPUR, Jan 19 (Reuters) - Malaysian palm oil prices are set to fall for the first time in three years in 2023 amid a mild recovery in production, but will likely remain above pre-pandemic levels as Indonesian policies constrict global supplies, Reuters poll showed.
DIBIZ and NASH sign a MOU that will benefit over 150,000+ smallholders
KUALA LUMPUR, KUALA LUMPUR, MALAYSIA, January 20, 2023 /EINPresswire.com/ -- The Palm Oil Industry's First-of-its-Kind Blockchain Platform & Digital Marketplace - DIBIZ and the National Association of Smallholders (NASH)-Malaysia sign a MOU through which 150,000 smallholders will have Free access to DIBIZ App.
