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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
Mixed views on Kuala Lumpur Kepong’s 4Q outlook
19/08/2022 (The Star Online), Petaling Jaya - Analysts are mixed over Kuala Lumpur Kepong Bhd’s (KLK) fourth quarter (4Q) outlook, as the company could see higher sales from its plantation segment as well as weaker product prices.
Malaysia-Indonesia ties ride on a new wave under Ismail Sabri
18/08/2022 (The Edge Markets), Jakarta - Indonesian diplomatic circles, media and political analysts view Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob as a prudent and pragmatic leader in his efforts to strengthen bilateral economic, social and cultural ties between Malaysia and Indonesia.
Consumers suffer as refiners cut supply
18/08/2022 (New Age) - Consumers found it hard to buy soya bean oil in the capital Dhaka in the past couple of days as the country’s edible oil businesses have reduced the supply of the edible oil sharply as they are waiting for a price hike of the essential commodity, market sources said.
Palm oil futures extend gains amid strength in rival soybean oil
18/08/2022 (The Star Online), Petaling Jaya - Palm oil climbed for a second straight day as a gain in rival soybean oil prices boosted the tropical oil’s appeal.
MPOC wraps up resounding Palm Oil Trade Fairs and Seminar in the Philippines
18/08/2022 (The Edge Market), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has concluded its Palm Oil Trade Fairs and Seminar (POTS) in the Philippines (POTS Philippines 2022) on Wednesday (Aug 17).
Malaysia keeps crude palm oil export tax at 8% in September
17/08/2022 (The Edge Markets), Singapore - Gazetted price for crude palm oil (CPO) at RM3,907.51 a tonne, which incurs the maximum export tax of 8%, according to a statement from the customs department posted on the Malaysian Palm Oil Board’s website.
CPO futures close slightly higher on Aug 17
18/08/2022 (The Edge Markets) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives closed marginally higher on Wednesday (Aug 17), in line with gains in soybean oil prices, a dealer said.
Malaysian palm oil gains
17/08/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures ended higher on Tuesday as the ringgit hit its lowest in five-and-a-half years, making the vegetable oil cheaper for buyers holding other currencies.
KLK delivers robust 3Q financial performance
17/08/2022 (The Star Online) - Kuala Lumpur Kepong Bhd (KLK) expects weaker palm oil prices, supply chain disruptions and inflationary pressures from higher priced fuels, fertilisers and agrochemicals to impact its plantation and manufacturing segments in the fourth quarter (4Q) after posting strong 3Q financial results.
