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CPO prices seen at RM4,400-RM4,600 on tighter supply
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
Palm slips over 1% on weaker soyoil, bearish MPOB data
MPOB hopes for fundamental shift in strategy in Budget 2023
27/09/2022 (The Star Online), Kuala Lumpur - The oil palm industry is hoping for a fundamental shift in strategy in the upcoming Budget 2023, focusing on intensive, yield and investment-driven growth in line with the increasing emphasis on sustainability by major producing nations and consuming markets.
Palm oil may retest support at 3,427 ringgit
27/09/2022 (Business Recorder), Singapore - Palm oil may retest a support at 3,427 ringgit per tonne, as it has pierced below the Sept. 8 low of 3,481 ringgit.
Export value of Malaysia's agriculture commodity products remains strong
26/09/2022 (New Straits Times), Kuala Lumpur - Agriculture commodity product exports saw an increase of 64 per cent during the Covid-19 movement control order (MCO) period in 2020 and 2021, compared to the pre-pandemic years of 2018 and 2019.
Palm slumps nearly 7% on weaker rival oils
26/9/2022 (The Edge Markets) - Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.
CPO futures to trade on downside bias this week
26/09/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives is expected to trade on downside bias due to weak demand, which may weigh on prices, a dealer says.
Relief for food inflation looms as palm oil hits 1-year low
26/09/2022 (The Malaysian Reserve), Singapore - A sharp retreat in palm oil prices will likely help to cool the food inflation that’s been gripping the world.
MPOB: Budget 2023 should focus on intensive, yield & investment-driven growth
26/09/2022 (The Star Online), Kuala Lumpur - : The oil palm industry is hoping for a fundamental shift in strategy in the upcoming Budget 2023, focusing on intensive, yield and investment-driven growth in line with the increasing emphasis on sustainability by major producing nations and consuming markets.
USP publishes monograph for palm oil tocotrienols and tocopherols
26/09/2022 (Nutraceutical Business Review) - The United States Pharmacopeia (USP) has officially published the Palm Oil Tocotrienols and Tocopherols Monograph on 1 August, 2022, under Non-Botanical Dietary Supplements.
Miri City Council warns of stern action against usage of used cooking oil
27/09/2022 (The Borneo Post) - Miri City Council (MCC) will not hesitate to take stern action against food operators who are found to be using recycled cooking oil in the preparation of food.
