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MARKET DEVELOPMENT
02-06-2022

Malaysia palm oil prices seen trading above 6,000 rgt in 2022 -state agency

01/06/2022 (Channel News Asia), Kuala Lumpur - State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world's second largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.

MARKET DEVELOPMENT
02-06-2022

CPO futures end higher for second consecutive day

02/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday as sentiment over stronger exports continues to lift the market, said a dealer.

MARKET DEVELOPMENT
01-06-2022

Govt shocks consumers with Rs213 per litre hike in cooking oil prices

01/06/2022 (Dawn), Karachi - The government on Tuesday shocked consumers by pushing up ghee and cooking oil rates by an unprecedented Rs208 and Rs213 to an all-time high of Rs555 per kg and Rs605 per litre, respectively, even though â€œthese rates still do not exist in the retail markets.â€

MARKET DEVELOPMENT
01-06-2022

2pc additional duties on palm oil import to go

31/05/2022 (Business Recorder) - ISLAMABAD: The government has decided to abolish two percent additional custom duties on the import of palm oil for shipments originating from all sources except Indonesia for 10-20 June 2022.

MARKET DEVELOPMENT
01-06-2022

Indonesia to send first batch of workers to Malaysia for palm oil sector

31/05/2022 (The Star Online) - Malaysia, the world's second-largest palm oil producer, will on Tuesday welcome the first major batch of migrant workers from Indonesia since reopening borders to staff labour-starved plantations and support a recovery in production.

MARKET DEVELOPMENT
01-06-2022

India cuts base import price of palm oil; raises soyoil price

01/06/2022 (Reuters), Mumbai - India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.

MARKET DEVELOPMENT
01-06-2022

Malaysia's palm oil giant FGV swings to profit in Q1 earnings

31/05/2022 (Channel News Asia), Kuala Lumpur - Malaysian palm oil planter FGV Holdings reported on Tuesday it swung to a profit in the first quarter, helped by higher crude palm oil prices and improved sales volume.

MARKET DEVELOPMENT
01-06-2022

Substantial hike in prices of edible oil, ghee at Utility Stores

01/06/2022 (The News), Karachi - The prices of edible oil and ghee have been increased at the Utility Stores throughout the country.

MARKET DEVELOPMENT
01-06-2022

Easing the pain of scarce dollar in edible oils sector

01/06/2022 (Business Daily Africa) - The Kenyan shilling has hit a new record low of Sh121 to the US dollar this month. Pressure has been mounting on the shilling due to an unfavourable export to import ratio. Demand for imports has risen since the Covid-19 pandemic.

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