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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
Indonesia plans new, temporary incentives to boost palm oil exports-deputy finmin
15/07/2022 (Reuters) - Indonesia plans to bring in new rules on its palm oil export levy and incentives soon in an attempt to boost exports and empty storage tanks, its deputy finance minister Suahasil Nazara told Reuters. The government is still mulling the rate of the new levy and the incentives, which will be applied temporarily to tackle a crisis over ballooning inventories, Suahasil said, adding that new regulations are expected this weekend or early next week.
Palm oil stocks to rise by 21.4pc end-July, says CGS-CIMB Research
14/07/2022 (New Strait Times), Kuala Lumpur - Domestic palm oil stocks are projected to rise by 21.4 per cent month-on-month (MoM) to two million tonnes by end-July 2022, on higher output and lower exports.
Cheaper CPO on the way
14/07/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) prices are expected to come under more pressure, as Malaysia’s palm oil stockpile is likely to increase further in the coming months.
CPO prices to remain elevated for the rest of 2022, say research houses
13/07/2022 (Malay Mail) - Crude palm oil (CPO) prices are expected to remain elevated in the second half of this year (H2 2022) on supply concerns and improved demand outlook, according to MIDF Research.
Deputy Minister: 174,347 independent smallholders receive Malaysian Sustainable Palm Oil certification end-June
13/07/2022 (Malay Mail), Tampin - Independent smallholders numbering 174,347 covering 621,269 hectares (ha) nationwide have received the Malaysian Sustainable Palm Oil (MSPO) certification as of June 30.
Indonesia June trade surplus seen widening after palm oil exports resume
13/07/2022 (Reuters) - Indonesia's trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to economists polled by Reuters, although some still expect the gap to shrink later in the year.
Palm tumbles over 6% on weak outlook for exports, China lockdown fears
13/07/2022 (The Economic Times) - Malaysian palm oil futures plunged more than 6% on Wednesday due to weak July exports and as fears of renewed COVID-19 curbs in China sparked a selloff in rival Dalian oils.
Palm oil may stabilize around 3,900 ringgit and rise
13/07/2022 (Business Recorder), Singapore - Palm oil may stabilize around a support at 3,900 ringgit per tonne, and test a resistance at 4,090 ringgit thereafter.
Palm tumbles 8pc to 1-year low on weak exports
14/07/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures plunged more than 8% on Wednesday to its lowest in over a year, weighed by weak July exports and as fears of renewed COVID-19 curbs in China sparked a selloff in rival Dalian oils.
