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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
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
China’s soy crushing rates hit year-to-date low in August as negative margins force run cuts
The operating rate at soybean crushing plants in China slumped to a year-to-date low of 53.5% at the start of August amid prolonged negative crush margins and replacement margins, prompting crushers to reduce soybean purchases and cut operating rates at plants, leading to a fall in soybean prices, market sources said Aug. 5
Edible oil processors want Tk20 a litre hike in soybean oil
Edible oil processors in Bangladesh have proposed the government raise the price of soybean oil by Tk 20 per litre, according to processors and officials of the Bangladesh Trade and Tariff Commission (BTTC).
Don’t hoard cooking oil, Annuar warns producers and sellers
SERDANG: Cooking oil producers and sellers have been told to avoid hoarding or rationing the commodity once a controlled maximum price at RM34.70 per five-kilogramme bottle comes into effect tomorrow.
Edible oil-oilseeds prices broke last week due to fall in foreign countries
New Delhi, Aug 7 (Language) Due to the fall in the prices of edible oils in the foreign markets last week, almost all including mustard, groundnut, soybean oil-oilseeds and cottonseed, crude palm oil (CPO), palmolein oil in the oil-oilseeds markets across the country. Edible oilseeds prices recorded a loss. Rest of the oil and oilseeds prices remained unchanged.
Malaysia end-July palm oil stocks seen at 8-month high as output rises
04/08/2022 (The Star Online) - KUALA LUMPUR: Malaysia's palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday.
MPOB to study two-tier pricing system for palm cooking oil
04/08/2022 (The Edge Markets), Kuala Lumpur - The Special Task Force on Jihad Against Inflation on Thursday has requested the Malaysian Palm Oil Board to conduct two further studies including one on a two-tier pricing system for palm cooking oil.
CPO output seen to grow by 2.8% in July compared to June: CGS-CIMB
04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia’s crude palm oil (CPO) output is expected to grow by 2.8% month-on-month (m-o-m) and 4.3% year-on-year (y-o-y) to 1.59 million tonnes in July 2022, said CGS-CIMB Securities Sdn Bhd.
Malaysia pledges to help India meet its palm oil demand
04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia is prepared to meet India’s demand for palm oil in light of potentially inconsistent supply from Indonesia as a result of changes in palm oil export policy, which have created market uncertainty for major importing countries.
Palm oil may test support at 3,717
04/08/2022 (Business Recorder), Singapore - Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range. The contract started a bounce earlier than expected, which was supposed to occur around 3,717 ringgit.
