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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?
Ban on palm oil import through Kerala ports bleeds consumers
07/06/2022 (The Hindu) - The ban on import of palm oil through Kerala ports, introduced to lift the sagging fortunes of coconut growers, it seems, could not do anything to raise the market potential of coconut oil as imported palm oil through neighbouring ports reach Kerala by road costing an extra ₹3 per/kg for an average customer.
Palm oil companies to be audited soon: Minister Pandjaitan
08/06/2022 (Antara News), Jakarta - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has said that an audit of Indonesian palm oil companies will be conducted soon by the Development and Finance Comptroller (BPKP).
Cameroon's Palm-Oil Output Is Expected to Rise 10%
07/06/2022 (Market Watch), Cameroon - Palm oil produced in Cameroon is expected to rise by 10% this year, according to a forecast released Monday by the Bank of Central African States, or BEAC.
Palm oil may test support at 6,386 ringgit
07/06/2022 (Business Recorder), Singapore - Palm oil may test a support at 6,386 ringgit per tonne, a break could trigger a drop to a range of 6,204-6,317 ringgit.
Boustead Plantations signs RM45mil green financing deal with China Construction Bank
07/06/2022 (The Star Online), Kuala Lumpur - Boustead Plantations Bhd (BPB) has sealed a RM45 million green financing agreement with China Construction Bank (M) Bhd (CCBM) to facilitate its sustainable replanting exercise as part of its commitment towards environmental, social and governance (ESG) efforts.
Diminished global expansion projected
08/06/2022 (The Star Online), Petaling Jaya - Global economic growth is anticipated to slow down this year, with United States rate hikes moderating in the second half amid lingering energy shocks and supply chain disruptions, says HSBC Global Private Banking.
CPO futures end higher on June 7 on lower stock expectations
07/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Tuesday (June 7), in line with expectations of a lower stock level in the country ahead of the key crop report due to be released later this week, a dealer said.
CPO prices to stay firm despite downward pressure
07/06/2022 (The Star Online), Petaling Jaya - Plantation companies should continue to enjoy strong prices in the second quarter but downward pressure on prices is anticipated as the sector enters a stronger supply season in the second half of the year, says Kenanga Research.
Sime Darby Plantation confident of achieving business goals
07/06/2022 (The Star Online), Petaling Jaya - Sime Darby Plantation Bhd (SDP) is confident of achieving its business and long-term sustainability goals and targets in spite of the global economic challenges ahead.
