|
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
Zuraida: Biting into China's bakery fats market will boost palm oil downstream sector
21/09/2022 (The Edge Markets), Kuala Lumpur - Malaysia should further expand its market share in China’s bakery fats market, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Growing export demand, sluggish production pace keep CPO futures higher at close
21/09/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday on growing export demand and sluggish production pace, a dealer said.
Opinion: Don't repeat Europe's mistaken palm oil ban
21/09/2022 (Financial Post) - The European Union has declared war on palm oil — the oil derived from palm trees, which have to be cut down to extract it. Several new proposals suggest the EU is set on forcing the innocuous vegetable oil out of the European market. Perhaps most importantly, Renewable Energy Directive II will phase out palm oil imports for use as a biofuel by 2030.
Palm jumps 4% on strong India demand, higher crude prices
22/09/2022 (Hellenic Shipping News) - Malaysian palm oil futures rose to a week’s high on Wednesday, buoyed by strong demand from top buyer India and higher crude prices that make palm an attractive option for biodiesel feedstock.
Palm oil may retest resistance at 3,796 ringgit
21/09/2022 (Business Recorder), Singapore - Palm oil may retest a resistance at 3,796 ringgit per tonne, a break above which could lead to a gain into 3,847-3,897 ringgit.
Palm closes higher
21/09/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended higher after volatile trade on Tuesday, lifted by a surge in exports during Sept. 1-20 amid rising demand from top buyer India ahead of a key festival there.
Better than expected trade performance
21/09/2022 (The Star Online), Petaling Jaya - Malaysia’s trade remained sturdy in August with double-digit growth recorded for exports and imports.
Expanding palm oil stockpile to dampen CPO prices
20/09/2022 (The Edge Markets) - THE Malaysian palm oil inventory, which is likely to have surpassed two million tonnes for the first time in two years, is expected to add further downward pressure on crude palm oil (CPO) prices that have fallen from their peak in April this year.
Indonesia trimming palm oil stocks with discounts, India sales
20/09/2022 (The Star Online), JAKARTA/MUMBAI (Reuters) - Indonesian palm oil producers are whittling down their hefty inventory overhang with discounts versus rivals and aggressive sales to India, where demand is picking up for next month's Diwali festival, industry officials said.
