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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
CPO futures close higher
16/08/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives rebounded to close higher on Tuesday on the back of stronger soybean oil prices during the Asian hours, a dealer said.
Palm oil neutral in 4,085-4,269 ringgit range
16/08/2022 (Business Recorder), Singapore - Palm oil looks neutral in a narrow range of 4,085 ringgit to 4,269 ringgit per tonne, and an escape could suggest a direction.
Palm recoups losses as ringgit hits 5-1/2-year low
16/08/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose more than 3% on Tuesday after falling to their worst session in a month, as the ringgit hit its lowest in five-and-a-half years, making the vegetable oil cheaper for buyers holding other currencies.
Fima Corp sees 1Q net profit jump over four-fold
16/08/2022 (The Edge Markets), Kuala Lumpur - Fima Corp Bhd's net profit for the first quarter ended June 30, 2022 (1QFY23) surged more than four-fold to RM11.55 million from RM2.34 million, in line with higher revenue contributions mainly from oil palm production and processing, and the production and trading of security and confidential documents.
State govt terminates MoU with oil palm company
17/08/2022 (Nagaland) - State government has terminated the Memorandum of Understanding (MOU) with Andhra Pradesh-based M/s Shivasais Oil Palm Private Limited, which was signed in 2014, after the company failed to set up collection centres within the allotted clusters and purchase fresh fruit bunches (FFBs) from the farmers before setting up the mill.
Expanded exports boost Indonesia's, Malaysia's COVID impact recovery
16/08/2022 (China Daily) - Amid rising global commodity prices, Indonesia and Malaysia have expanded their exports, which has helped with recovery from the impacts of the COVID-19 pandemic, according to analysts.
BRIN develops eco-friendly energy sources to cut emissions
16/08/2022 (The Edge Markets) - Thai instant noodle makers petitioned the government on Tuesday to let them raise retail prices for the first time in 14 years, saying higher production costs have cut their returns.
Nearness to roads and palm oil mills a key factor in peatland clearing by smallholders
16/08/2022 (Mongabay), Jakarta - Smallholder farmers in Sumatra who cultivate oil palms are more likely to expand their farms into carbon-rich peat forests the closer they are to roads and palm oil mills, a new study finds.
