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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
Indonesia tightens palm oil export curbs in new hit to global supplies
09/03/2022 (Reuters), Jakarta - Indonesia will further restrict exports of palm oil from Thursday to increase domestic supplies, as authorities ramp up efforts to contain a surge in cooking oil prices, Trade Minister Muhammad Lutfi said.
Palm oil prices to fall sharply in second half of 2022 - analyst Mistry
09/03/2022 (Reuters), Kuala Lumpur - Prices of palm oil and other commodities may see a decline in the second half of the year as a possible stagflation and recession squeeze demand, leading analyst Dorab Mistry said on Wednesday.
Indonesia sets DMO on palm oil to 30 pct effective March 10 - Bernama
09/03/2022 (Reuters), Jakarta - Palm oil producers in Indonesia are required to sell 30 per cent of their crude palm oil shipments for local buyers, effective tomorrow, the country’s trade ministry said.
Indonesian palm oil production seen at 48 mln T this year - GAPKI - Reuters
09/03/2022 (Reuters), Kuala Lumpur - Indonesia's palm oil production is expected to rise to about 48 million tonnes this year from 46.9 million tonnes last year, the Indonesia Palm Oil Association (GAPKI) said on Wednesday.
Food Protectionism Grows as Indonesia Curbs Palm Oil Exports
09/03/2022 (Bloomberg) - Indonesia, the world’s biggest exporter of edible oils, will tighten its control over shipments in a sign of growing protectionism around the world as countries grapple with soaring food prices.
Palm oil futures jumps by 10 per cent limit as Indonesia restricts exports further
09/03/2022 (The Hindu Business Line) - The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange hit 7,057 ringgit ($1,685.86) per tonne.
US CBP has seized US$2.5m worth of Malaysian palm oil shipments since February
09/03/2022 (The Edge Markets), Kuala Lumpur - The US Customs and Border Protection (CBP) has seized four shipments of Malaysian palm oil in Baltimore since Feb 11 due to information indicating that the commodity was manufactured by forced labour.
High CPO prices expected to last until June
09/03/2022 (The Malaysian Reserve) - CRUDE palm oil (CPO) prices are expected to remain high above RM5,000 a tonne at least for the first half of this year driven by festive season demand and tight global edible oil supplies.
Targeted subsidy for cooking oil to be finalised by year-end
09/08/2022 (The Malaysian Reserve) - THE Ministry of Plantation Industries and Commodities (MPIC) expects to finalise the targeted subsidies for cooking oil by the end of this year.
