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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Palm oil neutral in 5,702-5,892 ringgit range
SINGAPORE: Palm oil looks neutral in a range of 5,702-5,892 ringgit per tonne, and an escape could suggest a direction.
CPO futures end higher on June 14 on bargain buying
KUALA LUMPUR (June 14): Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday (June 14) on bargain buying activities, after the recent sharp sell-down.
MIDF maintains positive stance on palm oil sector
KUALA LUMPUR (June 13): MIDF Research has maintained its positive stance on the oil palm plantation sector, raising its calendar year 2022 (CY22) crude palm oil (CPO) target price by 27.9% to RM5,500 per tonne from RM4,300 per tonne previously.
CPO price to ease as output rises
KUALA LUMPUR: Palm oil prices are expected to ease on seasonally high reproduction in the second half of the year (2H 2022), Kenanga Research said.
Indonesia raises palm oil export allocation to 2.25 mln T
JAKARTA, June 13 (Reuters) - Indonesia's export allocation for palm oil products that is tied to domestic cooking oil distribution has been raised to 2.25 million tonnes, senior trade ministry official Oke Nurwan said on Monday, from around 1 million previously.
India may allow wheat exports to Indonesia in exchange for palm oil
India may permit export of wheat to meet Indonesia’s food grain demand through an arrangement where the Southeast Asian nation supplies palm oil without any interruption at a competitive rate to address India’s concerns over shortage of edible oil, one of the key factors powering inflation, two people aware of the matter said, asking not to be named.
Palm oil may drop to 5,702 ringgit
SINGAPORE: Palm oil may drop to 5,702 ringgit per tonne, driven by a powerful wave C.
Palm hits 10-week closing low on weak crude prices, Indonesian export plan
KUALA LUMPUR: Malaysian palm oil futures closed at a more than 10-week low on Monday and extended losses for a fourth consecutive session, dragged by weak crude and as Indonesia’s makes headway in its plans to speed up exports.
Addressing the impact of Indonesia DMO policy
PETALING JAYA: Investors should consider adopting a profit-taking strategy on the plantation sector, given continued uncertainties on the impact of Indonesia’s domestic market obligation (DMO) policy and the recent change in its tax structure.
