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MARKET DEVELOPMENT
03-08-2022

Palm oil reducing the price floor for vegetable oils: Grain market daily

02/08/2022 (AHBD) - Yesterday, there were multiple stories pressuring grain and oilseed markets. The main one being that the first ship carrying Ukrainian grain left the port of Odessa. The first since 24 February 2022

MARKET DEVELOPMENT
03-08-2022

Ceiling price of 5kg cooking oil set at RM34.70

02/08/2022 (The Malaysian Reserve) - THE ceiling price of pure cooking oil in 5kg bottles will be set at RM34.70 at the retail level nationwide including Sabah, Sarawak and Labuan effective Aug 8, 2022.

MARKET DEVELOPMENT
02-08-2022

CPO futures end lower on Aug 1 amid stiff competition from Indonesia

02/08/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday (Aug 1), weighed by strong competition from lower Indonesian export prices, a dealer said.

MARKET DEVELOPMENT
02-08-2022

Cooking oil in 5kg bottle fixed at RM34.70 in peninsula

02/08/2022 (The Star Online), Kuala Lumpur - Consumers in Peninsular Malaysia will pay less for palm-based cooking oil from Aug 8 with a new fixed price of RM34.70 per 5kg bottle.

MARKET DEVELOPMENT
02-08-2022

VEGOILS-Palm oil ends 5% lower as Indonesia ease domestic sales rule

02/08/2022 (Hellenic Shipping News) - Malaysian palm oil futures slumped more than 5% on Monday, snapping a four-session rally as as larger rival Indonesia relaxed its quota for export shipments.

MARKET DEVELOPMENT
02-08-2022

Ceiling price for 5kg bottles of palm cooking oil from Aug 8, says Annuar Musa

01/08/2022 (The Star Online), Kuala Lumpur - here will be a ceiling price for 5kg bottles of pure palm oil used for cooking starting Aug 8, with the initial price set at RM34.70, says Tan Sri Annuar Musa.

MARKET DEVELOPMENT
02-08-2022

Pricing for non-subsidised palm cooking oil in bottles to be set monthly, says Annuar

01/08/2022 (The Edge Markets), Kuala Lumpur - The government on Monday (Aug 1) decided the pricing mechanism for 5kg bottles of palm cooking oil will be determined every month, with the price for August set at RM34.70 per bottle.

MARKET DEVELOPMENT
02-08-2022

Indonesia to retain domestic palm oil sales rules â€” deputy minister

01/08/2022 (The Edge Markets), Jakarta - Indonesia will retain its domestic sales requirement for palm oil to keep local cooking oil prices affordable, a senior official told Reuters on Monday (Aug 1), noting that a quota for export shipments would be relaxed further.

MARKET DEVELOPMENT
02-08-2022

Minister: Max price of pure palm cooking oil to be announced on monthly basis

01/08/2022 (Malay Mail) - The Special Task Force on Jihad Against Inflation today announced a new system in which the maximum price for pure palm cooking oil will be announced on the first of every month, with enforcement to follow seven days later, said its chairman Tan Sri Annuar Musa.

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