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CPO prices seen at RM4,400-RM4,600 on tighter supply
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm slips over 1% on weaker soyoil, bearish MPOB data
Economists differ on impact of falling ringgit
07/09/2022 (Free Malaysia Today), Petaling Jaya - The ringgit sank to a 24-year low against the US dollar today, but economists have expressed mixed views on its impact on the Malaysian economy and the people.
CPO futures close lower for sixth consecutive session as weak market sentiment persists
08/09/2022 (The Edge Markets), Petaling Jaya - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) ended lower for the sixth consecutive session as overnight weakness on the Chicago bean oils market continued to weigh on sentiment for CPO.
Labour shortages set up Malaysia for third year of palm oil losses
07/09/2022 (Free Malaysia Today), Kuala Lumpur - Malaysian palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.
Shareda lauds move to create free zone in Palm Oil Industrial Cluster
08/09/2022 (Daily Express), Kota Kinabalu - The Sabah Housing and Real Estate Developers Association (Shareda) lauded the move to establish a free trade zone in Lahad Datu’s Palm Oil Industrial Cluster (POIC) to spur economic growth in Sabah’s east coast region.
SOEs Minister urges Indonesians to reduce reliance on fuel oil
07/09/2022 (Antara News), Jakarta - Minister of State-Owned Enterprises (SOEs) Erick Thohir during an interview here on Wednesday, urged Indonesians to reduce their reliance on fuel oil and begin to shift to alternative energy.
Diverse, sustainable biofuels crucial for Indonesia’s energy transition
07/09/2022 (The Jakarta Post) - Indonesia is at the forefront of biofuel advancement worldwide, especially with regard to biodiesel, both in terms of blending rate and production scale, but its contribution to decarbonization is questionable since the biodiesel is heavily dependent on palm oil as the sole feedstock, risking further environmental damage resulting from unsustainable oil palm plantation practices.
Weak ringgit has its strengths
08/09/2022 (The Star Online) - A weaker ringgit is not the main determining factor of export competitiveness and it does not always work in favour of export-oriented industries.
Rising CPO stock may undermine prices
07/09/2022 (The Star Online), Petaling Jaya - The rising palm oil inventory potentially staying above two million tonnes in the coming months could undermine the price of crude palm oil (CPO) in the final quarter of this year, say analysts.
08/09/2022 (Malaysia Kini) - Malaysian palm oil planters are letting thousands of tonnes of fruits rot as the third year of a worker shortage has left companies unable to increase their harvesting during the peak production season.
