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MARKET DEVELOPMENT
09-06-2022

How the Rising Price of Palm Oil Could Affect the Cost of Your Beauty Products

08/06/2022 (Allure) - The beauty brands in your shopping cart might soon be more expensive after Indonesia's newly- imposed export ban on palm oil.

MARKET DEVELOPMENT
09-06-2022

Palm oil neutral in 6,423-6,577 ringgit range

08/06/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 6,423-6,577 ringgit per tonne, and an escape could suggest a direction. The range is formed by the 38.2% and 50% retracements of the downtrend from 7,229 ringgit.

MARKET DEVELOPMENT
09-06-2022

Onus on Malaysian companies to play by US rules, says Zuraida

08/06/2022 (Free Malaysia Today) - Malaysian companies have been told to take note of a US border agencyâ€™s method of operations to avoid potential import bans in the future stemming over forced labour issues.

MARKET DEVELOPMENT
09-06-2022

Out of the frying pan: Indonesians pay price of cooking oil crisis

08/06/2022 (Free Malaysia Today), Jakarta - About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.

MARKET DEVELOPMENT
09-06-2022

Call for Indonesian government to leave cooking oil price to market forces

08/06/2022 (New Straits Times), Jakarta - Efforts by Indonesia to curb rising cooking oil prices at home by messing with the free market have disrupted the market and any positive outcome would not last, experts have argued.

MARKET DEVELOPMENT
09-06-2022

Indonesians pay price of cooking oil crisis

09/06/2022 (The Daily Star) - About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.

MARKET DEVELOPMENT
08-06-2022

May palm oil inventory seen to decline

08/06/2022 (The Star Online), Petaling Jaya - Malaysiaâ€™s palm oil inventory probably fell by 6.6% month-on-month (m-o-m) and 2.2% year-on-year (y-o-y) to 1.52 million tonnes at the end of May 2022, says CGS-CIMB Research, who believes the decline could be due to lower output despite higher exports.

MARKET DEVELOPMENT
08-06-2022

Sustainable palm oil production is in Malaysiaâ€™s hand

07/06/2022 (East Asia Forum) - With Russiaâ€™s invasion of Ukraine constricting the global supply of edible oils, demand for palm oil has spiked. But as the war continues, supply remains uncertain. Indonesiaâ€™s export ban on crude palm oil, palm kernel oil and cooking oils added further strain.

MARKET DEVELOPMENT
08-06-2022

Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister

08/06/2022 (Reuters) - Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488 per tonne from $575 per tonne to encourage shipments.

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