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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
Malaysia’s end-2021 palm oil stocks seen higher than 2020: Platts survey
10/02/2022 (Hellenic Shipping News Online) - Malaysia is expected to have ended December 2021 with crude palm oil stocks of around 1.73 million mt, a dip from end-November stock levels, but much stronger when compared with CPO inventory of 1.26 million mt a year ago, a S&P Global Platts survey showed.
Palm oil still targets 5,094 ringgit
10/01/2022 (Business Recorder) - SINGAPORE: Palm oil still targets 5,094 ringgit per tonne, as suggested by its wave pattern.
USDA attache sees Malaysia 2021/22 crude palm oil output at 18 MLN T
“Post revised its MY (marketing year) 2021/22 crude palm oil (CPO) production downward from 18.2 million tons to 18.0 million tons, taking into account the effect of anomalous weather from the super typhoon Rai (a month of rain recorded in one day on December 18 in Peninsular Malaysia) and the continuing acute labor issue the industry has faced since 2019. Labor remained the biggest issue for the industry.
Govt to adopt two-pronged strategy to strengthen Malaysian palm product export market, says minister
ALOR GAJAH, Jan 9 — The government will adopt a two-pronged strategic approach in strengthening the palm oil export market in the Asian region as well as addressing the issue of anti-palm oil campaign sentiment by the European Union (EU).
Plantation sector needs more foreign workers
PLANTATION industry needs more than 32,000 foreign workers to boost palm oil production, say industry players.
Spreading The Word On Msia’s Golden Crop
THE drive to promote the nation’s golden crop continues with the Malaysian Palm Oil Full of Goodness campaign to propagate the product’s healthfulness and versatility.
CPO futures end marginally higher
KUALA LUMPUR (Jan 7): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended marginally higher today on the strength in the soybean oil market as well as expectations of weak output.
Highest ever vegetable oil prices risk even faster inflation
(Jan 7): More bad weather for the world’s oilseed growers is pushing rapeseed and canola prices to fresh records and adding to food-inflation worries.
Palm oil may rise to 5,094 ringgit and then reverse
SINGAPORE: Palm oil may rise to 5,094 ringgit per tonne, as it has cleared a resistance at 5,001 ringgit.
