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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Prices of Groundnut Oil, Palm Oil Jump Over 40%
24/08/2022 (Business Post, Nigeria) - Nigerians paid more to purchase key food items as prices of groundnut oil, palm oil, rice, beans, beef, tomatoes and others skyrocketed in July 2022 at the market as the inflationary pressures continue to dig deeper into their pockets.
Boustead Plantations 2Q profit up 51% on stronger palm oil prices, cautions about high costs in 2H
23/08/2022 (The Edge Markets), Kuala Lumpur - Boustead Plantations Bhd's net profit grew 51% to RM73.22 million or 3.27 sen per share for the second quarter ended June 30, 2022 (2QFY22) from RM48.37 million or 2.16 sen per share a year ago thanks to higher palm oil prices.
Boustead Plantations' net profit up 51 pct amid higher CPO prices
23/08/2022 (New Straits Times), Kuala Lumpur - Boustead Plantations Bhd's (BPB) net profit rose 51 per cent to RM73.22 million in the second quarter (Q2) ended June 30, 2022, from RM48.38 million in the same quarter last year.
Indonesia says India committed to importing 2.6 mln tonnes of palm oil products
23/08/2022 (Reuters), Jakarta - India is committed to importing 2.6 million tonnes of palm oil products worth $3.16 billion, Indonesia's trade minister said in a statement on Tuesday.
How can Indonesia better protect the rights of oil palm smallholder farmers?
24/08/2022 (Indonesia At Melbourne) - The recent collapse in oil palm prices to some of the lowest levels ever seen has hit smallholder farmers hard. In April, President Joko “Jokowi†Widodo announced a ban on the export of crude palm oil (CPO) and its derivatives, in an attempt to address rapidly escalating cooking oil prices in the domestic market. The policy, which was quickly reversed in May, resulted in a drastic fall in the price of palm fruit, but had little impact on cooking oil prices.
Palm oil may retest resistance at 4,269 ringgit
23/08/2022 (Business Recorder), Singapore - Palm oil may retest a resistance at 4,269 ringgit per tonne, a break above which could lead to a gain to 4,452 ringgit.
IOI expects weaker financial performance in FY23
23/08/2022 (The Star Online), Kuala Lumpur - IOI Corp Bhd, which saw its net profit jump 50.7% to RM541.8mil in the second quarter ended June 30, expects its financial performance for the financial year ending June 30, 2023 (FY23) to be lower than for FY22 but remain healthy.
CI Holdings 4Q profit up 13% on stronger palm olein prices, US dollar
23/08/2022 (The Edge Markets), Kuala Lumpur - CI Holdings Bhd's net profit grew 13% in the final quarter of fiscal year ended June 30, 2022 (4QFY22) on the back of stronger revenue, driven by higher palm olein prices and a stronger US dollar against the ringgit.
