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MARKET DEVELOPMENT
30-06-2022

MPOB urges palm oil mills not to reject FFBs for processing

29/03/2022 (The Borneo Post) - The Malaysian Palm Oil Board (MPOB) has urged palm oil mill operators nationwide not to reject fresh fruit bunches (FFB) supplied to them. MPOB said in a statement yesterday that there had been media reports that some palm oil mills rejected the supply of FFB for processing due to the decline in crude palm oil (CPO) prices in the global market.

MARKET DEVELOPMENT
30-06-2022

M'sian palm oil millers halt production as CPO prices plummet

28/06/2022 (Malaysia Kini) - Some palm oil millers in Malaysia, the worldâ€™s second-largest producer, have temporarily halted production following a dramatic plunge in prices of this edible oil, a senior official from a miller's association said on Monday.

MARKET DEVELOPMENT
30-06-2022

Malaysia seeks win-win solution with EU on palm oil

28/06/2022 (The Star Online) - Malaysia is determined to foster a cordial engagement with the European Union (EU) in search of a win-win solution that can benefit the palm oil industry at large, although the trade bloc has remained in staunch opposition to palm oil trade since 2003.

MARKET DEVELOPMENT
30-06-2022

United Malacca to see improved earnings for FY23 from higher CPO prices, says CGS-CIMB Research

29/06/2022 (New Straits Times), Kuala Lumpur - CGS-CIMB Research forecasts an improved earnings prediction for United Malacca Bhd (UMB) for the financial year 2023 (FY23) due to increasing crude palm oil (CPO) prices and Indonesian fresh fruit bunch (FFB) yields.

MARKET DEVELOPMENT
30-06-2022

CPO futures close lower on June 29

30/06/2022 (The Edge Markets) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives erased gains over the last two days to close lower on Wednesday (June 29) on concern over weaker export data, a dealer said.

MARKET DEVELOPMENT
30-06-2022

CPO prices set to recover

29/06/2022 (The Star Online), Kuala Lumpur - Despite the sharp decline in crude palm oil (CPO) prices over the past three weeks, international palm oil expert Thomas Mielke foresees palm oil prices to rebound in the near term.

MARKET DEVELOPMENT
30-06-2022

Palm oil price hike triggers peanut price rise In Mon State

29/06/2022 (BNI Online) - The demand for peanuts increased in June of this year, resulting in a price increase across Mon State.

MARKET DEVELOPMENT
30-06-2022

Palm falls on likely higher output, lower demand

29/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended lower on Wednesday over expectations of rising production and weaker demand, following an increase in export quotas by top producer Indonesia.

MARKET DEVELOPMENT
29-06-2022

M'sia urges palm oil mills to resume production despite price drop

28/06/2022 (Malaysia Kini) - Malaysian authorities on Tuesday called on palm oil millers to resume production and buy oil palm fruits from farmers, after a recent plunge in prices of the edible oil prompted some companies to halt processing.

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