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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
Palm oil may bounce to 4,000 ringgit
05/09/2022 (Business Recorder), Singapore - Palm oil may bounce to 4,000 ringgit, as it has found a support at 3,857 ringgit per tonne.
Hajiji lauds Lahad Datu POIC Port's potential to be key transshipment hub
05/09/2022 (The Edge Markets) - The Lahad Datu Palm Oil Industrial Cluster (POIC) Port has the potential to become one of the main transshipment hubs in the region, said Sabah Chief Minister Datuk Seri Hajiji Noor.
Pitfalls & Pitch Calls: An eye on China
05/09/2022 (The Edge Markets) - As Malaysia transitions from the pandemic phase to the endemic phase of Covid-19, the reopening of the economy has thrown up various challenges such as labour shortages in certain sectors and higher input prices from still-jammed supply chains globally along with transport and logistics bottlenecks. However, a positive first quarter GDP growth of 5% is welcome and 9.9% for the second quarter is great. Driving the growth in large part has been the recovery of consumption and export growth contributed by commodities such as oil and gas, crude palm oil and, by far the largest contributor to GDP growth, electrical and electronics (E&E) exports.
World food commodity prices decline further in August, reveals FAO report
05/09/2022 (Gulf Business) - The barometer for world food commodity prices declined for the fifth consecutive month in August, as quotations for most benchmark items dropped, according to the latest report by the Food and Agriculture Organization of the United Nations (FAO).
Malaysia’s palm oil reserves may jump to near three-year high
05/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil stockpiles in Malaysia probably jumped past two million tonnes for the first time in more than two years, as production accelerated and stiffer competition from rival Indonesia curbed export demand.
INDIA'S AUGUST PALM OIL IMPORTS HIT 11-MONTH HIGH AS PRICES CORRECT – DEALERS
05/09/2022 (Successful Farming), Mumbai - India's palm oil imports nearly doubled to an 11-month high in August from a month earlier, as a correction in prices prompted refiners to ramp up purchases, five dealers told Reuters on Monday.
Malaysia end-Aug palm oil stocks hit 2 mln T for first time in 2 yrs
05/09/2022 (Reuters), Kuala Lumpur - Malaysia's palm oil inventories at end-August likely swelled above 2 million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday.
ESUT to become major supplier of palm oil, pawpaw in Enugu
05/09/2022 (Vanguard) - The Vice Chancellor, VC, of the Enugu State University of Science and Technology, ESUT, Professor Aloysius-Michaels Okolie, has said that the institution will become major supplier of palm oil and pawpaw in Enugu State.
