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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
Jihad against Inflation showing positive results
KUALA LUMPUR (July 28): The “Jihad against Inflation†move initiated by the government almost a month ago is already showing positive results.
Zuraida: Hire foreign plantation workers from various countries
KUALA LUMPUR (July 27): Minister of Plantation Industries and Commodities Datuk Zuraida Kamaruddin has urged industry players from the plantation sector to hire foreign labour from other countries, instead of relying on labour from Indonesia and Bangladesh.
Palm oil prices to fall more due to distress selling by Indonesia
KUALA LUMPUR: Palm oil prices will weaken further in the short term due to softer demand and "distress selling" by top producer Indonesia, commodities consultancy LMC International forecast on Tuesday.
China wants to increase palm oil imports from Indonesia
JAKARTA: China has expressed its commitment to increase its imports of one million tonnes of crude palm oil from Indonesia, said President Joko Widodo.
China firms investing RM6bil to manufacture palm oil products
KUALA LUMPUR: China’s state-owned companies that have invested in the production of palm-based products in Malaysia will collaborate with Malaysian firms as well as the Malaysian Palm Oil Board.
Indonesia has issued palm oil export permits for a combined 3.84 mln T –ministry
Indonesia has issued palm oil export permits for a combined 3.84 million tonnes through its so-called Domestic Market Obligation (DMO) scheme as well as its programme to accelerate exports as of Monday, Trade Ministry adviser Oke Nurwan said on Tuesday.
Palm Oil DMO Essential in Preventing Cooking Oil Scarcity, Expert Says
TEMPO.CO, Jakarta - Center of Reform on Economics (CORE) director Mohammad Faisal on Tuesday conveyed his opinion on the government’s plan to revoke the crude palm oil domestic market obligation (DMO) policy. He argues that the current issue related to cooking oil scarcity lies in the distribution aspect.
Palm surges on bargain hunting, tracks rival oils higher
Malaysian palm oil futures rose on Tuesday, tracking stronger rival vegetable oils, with the benchmark contract recouping some of the losses from the previous three sessions amid bargain hunting.
August soybeans soar at close | Tuesday, July 26, 2022
August soybeans exploded higher today closing up 59¢ and right at the high of the day. Most of the gains were because the meal market was $25 per ton higher.
