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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
Bursa opens higher, tracking Wall Street's rally
22/12/2022 (The Edge Markets), Kuala Lumpur - Bursa Malaysia rebounded to open slightly higher on Thursday (Dec 22), tracking Wall Street's rally overnight amid improving consumer confidence, said an analyst.
Study: Soybean oil for biofuels has limited impact on food prices
22/12/2022 (Biodiesel Magazine) - Whether buying Christmas presents, purchasing a new car or shopping for food, everyone’s feeling the pinch of inflation. Grocery prices have increased 21 percent (from January 2020 to August 2022), and retail fat and oil prices have increased 30 percent — soybean oil being a key ingredient for frying, baking, margarine, cooking oils and salad dressings. Pair that with soy oil used for biofuel production, which has quadrupled over the past decade, and it’s no wonder soy oil is a hot topic right now. But a new study only adds to evidence that U.S.-grown soybeans are well suited for people looking to cook, fuel up or find other sustainable solutions.
No palm oil ban by EU
21/12/2022 (Free Malaysia Today) - I would like to clarify the statement made by the Malaysian Palm Oil Board (MPOB) on the European Union’s (EU) legislative proposal “on the making available on the Union market as well as export from the Union of certain commodities and products associated with deforestation and forest degradation”.
Sustainable palm oil communities of Sabah and Sarawak
21/12/2022 (Borneo Post Online) - CONVERSATIONS about Malaysian palm oil involving Borneo Malaysia – Sabah and Sarawak – can often veer into misinformation. The overarching narrative in these conversations usually focuses on illegal logging, foreign labour, and commercial profiteering.
Palm oil climbs to 12-day closing high on flood-led supply woes
22/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures jumped on Wednesday to hit a 12-day closing high as concerns over flood-related supply disruptions in the world’s second-largest producer lifted prices.
INDONESIA PALM OIL FUND LOWERS 2023 INVENTORY FORECAST
21/12/2022 (Successful Farming), Jakarta - Indonesia's palm oil fund (BPDPKS) revised down its estimate of crude palm oil inventory by the end of 2023 to 4.37 million tonnes as the country expands its mandatory biodiesel blending programme, the agency's data showed on Wednesday.
Will edible oil be cheaper after palm oil prices drop? Find out what the experts say
21/12/2022 (PKB News) - The Malaysia exchange fell 1.5 percent, while the Chicago exchange is currently up 0.3 percent, sources familiar with the matter said.
Indonesia says bauxite export ban to proceed as scheduled in June 2023
21/12/2022 (The Edge Markets), Jakarta - Indonesia will ban exports of bauxite, the main ore source of aluminium, starting from June next year to encourage domestic processing of the material, President Joko Widodo announced on Wednesday (Dec 21).
No more delay to implementation of amendments to Employment Act 1955, says HR Minister
21/12/2022 (The Edge Markets), Putrajaya - The government is keeping to its stance to implement amendments to the Employment Act 1955 starting Jan 1 next year, including the requirement that approval is needed from the Labour Department's director-general prior to the recruitment of foreign labour.
