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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
Edible oil prices likely to drop further
18/07/2022 (India Economic Times) - With Indonesia removing its export levy on all palm oil products until August 31, edible oil manufacturers in India will be able to pass on the benefits of softer global prices to final customers.
Palm oil may retest resistance at 3,782 ringgit
19/07/2022 (Hellenic Shipping News) - Palm oil may retest a resistance at 3,782 ringgit per tonne, a break above which could lead to a gain into 3,900-4,090 ringgit range.
Industry Ministry to prioritize downstreaming of palm oil industry
18/07/2022 (Antara News), Jakarta - The Ministry of Industry will focus on implementing the downstream industry policy in a bid to increase the added value of domestic agro-based commodities, including palm oil.
Cooking oil price to come down within next two weeks, says Annuar
18/07/2022 (New Straits Times), Kuala Lumpur - The government expects the price of cooking oil to go down by at least 10 per cent within the next two weeks.
Indonesia has to ship six million tonnes of palm oil up to August to clear tanks — association
18/07/2022 (The Edge Markets), Jakarta - Indonesia will have to export six million tonnes of palm oil until August if it wants to cut its ballooning inventory levels back to normal, an industry association said on Monday (July 18), after the government waived its export levy for one and a half months.
Indonesia removes palm oil export levy until Aug 31 and ease high inventories
Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
Expect cheaper cooking oil in two weeks, says minister
The price of unsubsidised cooking oil is expected to fall within two weeks following the decline in crude palm oil prices on the world market.
AP to cash in on rising demand for oil palm, increase cultivation to 3.17L hectares
With the increasing demand for edible oil in Andhra Pradesh and neighbouring states, the area under oil palm cultivation in the state will increase to over 3.17 lakh hectares in the coming four to five years with a target of over 25,000 hectares every year.
Economist proposes old strategy to meet labour shortage
As the labour crunch continues to worsen, an economist has urged the government to revisit an old strategy to solve the problem.Socio-Economic Research Centre executive director Lee Heng Guie said the Manpower and Labour Recalibration Programme could be the way to get more workers into plantations and other sectors.
