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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s end-Oct palm oil stocks seen at 3.5-year high on rise in output
06/11/2022 (Hellenic Shipping News) - Malaysia’s palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed.
Palm oil may retest support at 4,264 ringgit
07/11/2022 (Business Recorder), Singapore - Palm oil may retest a support at 4,264 ringgit a tonne, a break below which could open the way towards 4,072-4,135 ringgit range.
Global palm oil output seen up by 2.9 mln tonnes in 2022/23-analyst Mielke
07/11/2022 (Hellenic Shipping News) - Global palm oil output is seen increasing by 2.9 million tonnes in the 2022/23 season, leading industry analyst Thomas Mielke said in a conference.
United Plantations posts its best quarterly profit, declares 40 sen dividend
07/11/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY22) jumped 27.62% to RM196.72 million — its best quarterly net profit to date — from RM154.15 million in the same period last year, thanks to elevated crude palm oil (CPO) and palm kernel (PK) prices.
Malaysia's end-Oct palm oil stocks seen at 3.5-year high on rise in output
05/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil inventories at end-October likely swelled to their highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday (Nov 4).
Palm Oil Prices, Production to Drop in 2023: Gapki
05/11/2022 (Jakarta Globe), Bali - The Indonesian Palm Oil Association or Gapki has projected that palm oil prices would decline in 2023 amid forecasts of global economic recession. Palm oil production and consumption will also slightly drop next year.
CPO futures rebound to end higher on stronger soy oil prices
04/11/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to end higher on Friday, lifted by better sentiment brought about by stronger soybean oil prices.
China lockdowns overshadow palm oil outlook despite output slowdown
04/11/2022 (The Edge Markets), Nusa Dua - The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts said on Friday (Nov 4).
Indonesia continues to promote palm oil as green product in EU
03/11/2022 (Antara News) - Nusa Dua, Bali - The Indonesian government has continued to promote palm oil as an eco-friendly commodity in the European Union (EU) and adhere to global standards for sustainable palm oil production.
