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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
MPOCC has never endorsed other parties to provide consultation services for palm oil dealers – MPIC
17/08/2022 (The Star Online) - The Malaysian Palm Oil Certification Council (MPOCC) has never endorsed any consultants, companies and representatives to provide consultation services for palm oil dealers, said the Ministry of Plantation Industries and Commodities (MPIC).
VEGOILS-Palm rises after Malaysia cuts export tax reference price
19/08/2022 (Hellenic Shipping News) - Malaysian palm oil futures extended gains on Wednesday after the world’s second-largest producer lowered its exports tax reference price, but gains were capped by demand concerns.
Palm oil: store prices to stay high
18/08/2022 (Business Recorder) - Pakistan palm oil imports were back near $300 million in July 2022, having nearly halved in June 2022. The decline in June was attributed more towards the Indonesian government ban on palm oil exports (that proved short-lived) than rising inventory levels. But the sharp decline in international spot market has not really benefitted Pakistan – with the unit values staying virtually unchanged from the peak.
Palm oil to fall to 3,857 ringgit
18/08/2022 (Business Recorder), Singapore - Palm oil is poised to break a support at 4,085 ringgit and fall towards the next support at 3,857 ringgit per tonne.
Mixed views on Kuala Lumpur Kepong’s 4Q outlook
19/08/2022 (The Star Online), Petaling Jaya - Analysts are mixed over Kuala Lumpur Kepong Bhd’s (KLK) fourth quarter (4Q) outlook, as the company could see higher sales from its plantation segment as well as weaker product prices.
Malaysia-Indonesia ties ride on a new wave under Ismail Sabri
18/08/2022 (The Edge Markets), Jakarta - Indonesian diplomatic circles, media and political analysts view Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob as a prudent and pragmatic leader in his efforts to strengthen bilateral economic, social and cultural ties between Malaysia and Indonesia.
Consumers suffer as refiners cut supply
18/08/2022 (New Age) - Consumers found it hard to buy soya bean oil in the capital Dhaka in the past couple of days as the country’s edible oil businesses have reduced the supply of the edible oil sharply as they are waiting for a price hike of the essential commodity, market sources said.
CPO futures end lower on concerns over rising production
19/08/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Thursday, weighed by ongoing concerns over rising production and lower soybean oil prices, a dealer said.
MPOCC has never endorsed other parties to provide consultation services for palm oil dealers – MPIC
