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CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Maybank KE 'positive' on Malaysian plantation sector in 2022; UOBKH and RHB expect elevated CPO prices to moderate
INVESTORS should stay "positive" on the Malaysian plantation sector with crude palm oil (CPO) prices off to a good start in 2022, Maybank Kim Eng (Maybank KE) said on Tuesday (Jan 11), though UOB Kay Hian (UOBKH) and RHB projected a more tepid outlook for the industry on expectations of a downtrend in current elevated CPO prices.
Cooking oil industry plays significant role in economy: Ministry
Jakarta (ANTARA) - The downstream industry of palm oil and crude palm oil (CPO) derivatives has contributed significantly to the national economy, Industry Ministry's Director General of Agro-Industry, Putu Juli Ardika, stated.
Palm eases on plummeting exports but tight stockpile limits fall
KUALA LUMPUR: Malaysian palm oil futures slipped on Tuesday, weighed by cargo surveyor data showing a tumble in Jan. 1-10 exports, even as official numbers showed a sharp decline in December inventories.
Gov't working to maintain productivity of palm cooking oil: official
Jakarta (ANTARA) - The Industry Ministry has said it is making efforts to maintain the productivity of the palm cooking oil industry to meet people's needs, in line with President Joko Widodo's directive. The government implemented a program for distributing 11 million liters of cooking oil through modern market and retail operations in November 2021 with the support of the cooking oil industry and the Indonesian Retailers Association (Aprindo).
EU weekly soybean imports doubled to 215,8k, total at 6.77m mt
Weekly soybean imports into the EU almost doubled to 215,814 mt during the week ending January 9, bringing total imports since July 1, 2021, to 6.77 million mt, data from the European Commission showed Tuesday.
Exports of crude palm oil soar 176% to 62K tonnes
10/01/2022 (The Phnom Penh Post Online) - Cambodia exported nearly 62,000 tonnes of crude palm oil in 2021, rising in excess of 176 per cent from a year earlier, worth more than $66 million, or at an average of over $1.06 per kilogramme, according to Ministry of Agriculture, Forestry and Fisheries data.
Record lows for 2021 Malaysian palm industry: MPOB
10/02/2022 (Argus Media Online) - The Malaysian Palm Oil Board recorded multi-year lows for production, exports and stock levels in 2021 over quashed output and global high vegetable oil prices.
FDA urges ‘big’ hotels to hand over excess edible oil for bio-diesel
10/01/2022 (The Times Of India Online) - Nagpur: The Food and Drugs Administration (FDA) has urged eight city hotels — where edible oil consumption is more than 50 litres per day — to hand over their excess edible used oils for bio-diesel recycling to a designated company empanelled with the Food Safety and Standards Authority of India (FSSAI).
CPO stocks fall in December on lower production
11/01/2022 (The Star Online) - KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for December 2021 fell 11.89% to 830,339 tonnes from 942,354 tonnes in the previous month on lower production and export, the Malaysian Palm Oil Board (MPOB) said.
