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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
INDONESIA TO SET CRUDE PALM OIL REFERENCE PRICE AT $900.52/T FOR AUG 16-31 –OFFICIAL
15/08/2022 (Reuters), Jakarta - Indonesia will set crude palm oil reference price at $900.52 per tonne for the period of Aug. 16-31, up from $872.27 per tonne set for the first half of the month, Musdhalifah Machmud, a senior official at economics ministry said on Monday.
Palm oil: How Okomu, Presco can restore Nigeria’s status as global exporter
15/08/2022 (Nairametrics) - Palm oil prices reached record highs in 2022, driven primarily by the disruption in the sunflower oil market caused by the Russia-Ukraine war and export restrictions imposed by the Indonesian government. Nigeria, though the fifth-largest producer of palm oil in the world, remains a net importer of the vegetable fat. Given that palm oil is widely used in cooking and manufacturing consumer food products in Nigeria, high prices have stoked consumer inflation and pushed the government to encourage local producers to meet the supply gap. While most of the palm oil is sourced from small farmers supplying to the local market, large producers, such as Presco and Okomu, are well placed to benefit from government support, strong international demand, and high prices.
Palm oil to hover below 4,452 ringgit
15/08/2022 (Business Recorder), Singapore - Palm oil faces a resistance at 4,452 ringgit per tonne, it may hover below this level or retrace towards a support at 4,269 ringgit.
CPO futures end lower on Aug 15 on profit-taking
15/08/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended lower on Monday (Aug 15) on profit-taking activities, a dealer said.
MPIC urges plantation owners to provide retraining and skills improvement
15/08/2022 (New Straits Times), Kuala Lumpur - Plantation owners have been encouraged to provide retraining and skills improvement to local workers and practice good labour management to ensure a sound long-term work force.
CPO futures close higher, pushing above RM4,200 a tonne
12/08/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives ended higher on Friday — breaking above the recent high of RM4,200 a tonne, supported by stronger soybean oil prices, a dealer said.
CPO futures seen to rise
15/08/2022 (The Star Online) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher this week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.
India's palm oil imports fall in July as soyoil jumps to record high
13/08/2022 (The Star Online), Mumbai - India's palm oil imports in July fell 10% from a month ago, as refiners ramped up purchases of rival soyoil to take advantage of New Delhi's move to allow duty-free imports of the vegetable oil to calm all-time high prices, a trade body said on Friday.
CPO futures seen trending higher next week on expectation of stronger exports
13/08/2022 (The Star Online), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trend higher next week on the expectation of higher palm oil export estimates by cargo surveyors, said a dealer.
