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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Palm oil drops
KUALA LUMPUR: Malaysian palm oil futures plunged to an intraday low of 6.7% on Thursday after Indonesia removed its export restrictions, but the contract pulled back significantly as crude prices surged.
CPO futures end lower
KUALA LUMPUR (March 17): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives retreated from Wednesday’s gains to end lower on Thursday, driven by renewed concern on the global commodities market.
CPO prices to remain elevated in near term
PETALING JAYA: Crude palm oil (CPO) prices will likely remain elevated for a while, possibly into the end of the first half of 2022, if not longer, according to Hong Leong Investment Bank (HLIB) Research.
China’s soybean supply guaranteed despite price hikes: experts
The domestic supply of soybeans is guaranteed despite the complex environment in the international market, Chinese experts said, after feed and soybean prices continued their recent surges that have taken them to multi-year highs amid the Russia-Ukraine situation.
Argentina soy, corn outlook at risk of more cuts as yields disappoint
BUENOS AIRES, March 17 (Reuters) - Argentina's 2021/22 soybean, corn and sunflower harvest forecasts could be cut further, the Buenos Aires grains exchange said on Thursday, citing lower-than-expected yields due to adverse weather conditions that have hit crops this year.
Government to subsidize bulk cooking oil at Rp14,000/liter: minister
Jakarta (ANTARA) - Trade Minister Muhammad Lutfi announced on Thursday that the government will subsidize bulk cooking oil at a price of Rp14,000 per liter.
Higher ASP results in margin expansion for Sarawak Oil Palms
PETALING JAYA: High average selling prices (ASP) of crude oil palm (CPO) have resulted in margin expansion for Sarawak Oil Palms Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s downstream businesss.
US unfairly sanctioned palm oil producer because it employed people on parole, says Zuraida
KUALA LUMPUR: The US Customs and Border Protection (CBP) has accused Sime Darby Plantations Bhd of forced labour just because the company employed parolees, says Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin(pic).
Palm oil reverses after 4 days of losses as exports increase
PALM oil snapped a four-day losing streak as Brent crude oil steadied and traders assessed signs of stronger export demand.
