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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?
Indonesia has issued palm oil export permits for nearly 180,000 t: official
02/06/2022 (The Business Times) - INDONESIA, has issued export permits for 179,464 tonnes of palm oil as of Jun 2, a senior trade ministry official said on Thursday (Jun 2), after a ban on shipments was lifted last week.
CPO futures end higher on stronger export expectations
02/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday in anticipation of stronger exports as well as lower-than-expected production levels which would draw down existing stock levels in the country, a dealer said.
Erratic policies exacerbate uncertainty in palm oil industry: Jakarta Post contributor
02/06/2022 (The Star Online) - The recent pronouncement by the Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan that all palm oil companies in the country are to be audited confirms assumptions that the government has no complete database on the upstream and downstream palm oil industry.
Watchdog's new chief says high prices can support greener palm oil
03/06/2022 (The Star Online) - Palm oil producers profiting from a global price boom should use the opportunity to ramp up efforts to make the business more sustainable and head off rising risks of forests being cleared for plantations, the new head of the industry's watchdog said.
Palm oil industry requests govt. to lift bans and other restrictions
02/06/2022 (Daily Mirror Online) - Sri Lanka’s palm oil industry yesterday requested the government to repeal the bans and other negative policies in place against the industry and liberalise it, so the industry could play its part to support the country’s dollar-starved economy.
Palm oil neutral in 6,220-6,423 ringgit range
01/06/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 6,220-6,423 ringgit per tonne, and an escape could suggest a direction.
Grocery cost may increase up to RM600 per month
01/06/2022 (The Malaysian Reserve) - THE minimum grocery expenditure for the lower to middle-income families will cost between RM400 and RM600 per month on the rising prices.
Madras High Court quashes tender to supply two lakh packets of palmolein for PDS
02/06/2022 (The New Indian Express), Chennai - The Tamil Nadu Civil Supplies Corporation (TNCSC) cannot take advantage of the unfortunate situation of suppliers, the Madras High Court said on Wednesday, quashing the tenders for supply of two lakh packets of palmolein, weighing one litre each, for PDS outlets.
EU biofuels feedstock supply uncertain as reliance on rapeseed oil imports rises
02/06/2022 (Hellenic Shipping News) - The EU’s purchases of rapeseed oil have risen sharply in the 2021-22 marketing year (July-June) from the previous season, a trend which is set to intensify in the near term, although uncertainty around rapeseed supply is expected to weigh on the bloc’s biofuel feedstock option at a time it is looking to boost its renewable energy targets.
