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MARKET DEVELOPMENT
07-06-2022

India's May palm oil imports surge to 7-month high despite Indonesia's ban-dealers

07/06/2022 (The Star Online), Mumbai - India's palm oil exports in May were its highest in seven months and up 15% on April as the country overcame curbs on Indonesian exports by sourcing more of the commodity from Malaysia, Thailand and Papua New Guinea, five industry officials said.

MARKET DEVELOPMENT
07-06-2022

Indonesia has issued around 302,000 tonnes of palm oil export permits, official says

06/06/2022 (Reuters), Jakarta - Indonesia has issued around 302,000 tonnes of palm oil export permits since the country restarted exports, senior minister Luhut Pandjaitan said on Sunday, while reassuring farmers and exporters that authorities would speed up the permit process.

MARKET DEVELOPMENT
07-06-2022

Malaysia palm oil group warns of losses ahead from 'severe' labour crunch

06/06/2022 (Channel News Asia), Kuala Lumpur - Malaysia is missing a golden opportunity to capitalise on high palm oil prices and could suffer more production losses due to a "severe" shortage of about 120,000 workers, the Malaysian Estate Owners' Association (MEOA) told Reuters on Monday (Jun 6).

MARKET DEVELOPMENT
07-06-2022

Malaysian Sustainable Palm Oil strengths often overlooked, says Zuraida

04/06/2022 (The Star Online), Kuala Lumpur - Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said that although there has been some increase in the European Unionâ€™s (EU) awareness of sustainable palm oil and the Malaysian Sustainable Palm Oil (MSPO), there is still not enough understanding of the metrics or of its successes.

MARKET DEVELOPMENT
07-06-2022

Bring in foreign workers urgently, estates plead with govt

06/06/2022 (Free Malaysia Today) - The Malaysian Estate Ownersâ€™ Association (MEOA) has expressed hope that work permits will be issued to mid-sized and small plantations with the same urgency as with larger firms.

MARKET DEVELOPMENT
03-06-2022

Palm oil ends higher on worries over slower output recovery in Malaysia

02/06/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures reversed early losses to tick up on Wednesday, as hopes of a recovery in production was dashed after Indonesia stopped a batch of migrant workers from entering labour-starved Malaysian palm oil estates.

MARKET DEVELOPMENT
03-06-2022

Excepting Indonesia, 2pc ACDs removed on import of palm oil

02/06/2022 (Business Recorder), Islamabad - The government has removed Additional Customs Duties (ACDs) of 2 percent from June 10 to 20, 2022 on import of palm oil for shipments originating from all sources except Indonesia, sources close to Secretary Commerce told Business Recorder.

MARKET DEVELOPMENT
03-06-2022

â€˜Palm oil industry could positively impact economyâ€™

02/06/2022 (Daily News Sri Lanka) - Sri Lankaâ€™s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country and is ready to support the economy and government to overcome present challenges a Statement from Palm Oil Industry Association (POIASL) of Sri Lanka said.

MARKET DEVELOPMENT
03-06-2022

Crude palm oil exports down 6.07% in first five months â€˜as trees get oldâ€™

02/06/2022 (Phnompenh Post) - Cambodia exported 20,492 tonnes of crude palm oil (CPO) in the first five months of 2022, registering a decrease of 6.07 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries.

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