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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
Palm oil support service provider Ecoscience will raise close to RM24 mil in its IPO
21/06/2022 (Free Malaysia Today), Petaling Jaya - Ecoscience International Berhad (Ecoscience) aims to raise RM24.7 million from its initial public offering (IPO) to strengthen its market position in capturing the growing demand for palm oil amid global economic uncertainty.
Palm oil mills builder Ecoscience to raise RM24.65 mil from IPO to expand Indonesian ops
21/06/2022 (The Edge Markets) - ACE Market-bound Ecoscience International Bhd aims to raise RM24.65 million from its initial public offering (IPO), partly to establish a new fabrication facility in Indonesia.
CPO futures end lower on June 21 for fifth consecutive day
22/06/2022 (The Edge Markets), Kuala Lumpur - Weak market fundamentals continued weighing on the crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives, sending the market to its fifth consecutive days of downtrend on Tuesday (June 21).
Global food inflation gets reprieve as wheat to palm oil tumble
21/06/2022 (The Malaysian Reserve) - AGRICULTURAL commodities fell as traders weighed an improved outlook for global food supplies, with signs pointing to burgeoning palm oil exports from Indonesia and a large Russian wheat crop this season.
Palm oil substitutes can offer beleaguered rainforests a fighting chance
21/06/2022 (Sustainability Times) - Palm oil is a versatile substance used in a wide range of products from foods to cosmetics. The trouble with it is that the cultivation of oil palm trees has caused massive enviromental harm, especially in Malaysia and Indonesia, which together account for 85% of palm oil production in the world.
Palm oil may bounce into 5,086-5,204 ringgit range
21/06/2022 (Business Recorder), Singapore - Palm oil may bounce into a range of 5,086 ringgit to 5,204 ringgit, as it has found a support at 4,896 ringgit per tonne.
Govt ready to implement oil palm electronic initiative after Tanjung Piai success
21/06/2022 (The Star Online), Kota Kinabalu - The government is poised to implement the oil palm Electronic Fresh Fruit Bunches (EFFB) initiative after seeing the success of the pilot project undertaken in Tanjung Piai, Johor.
Malaysia to scrap subsidies for some cooking oil products
21/06/2022 (Business Times) - MALAYSIA will abolish subsidies for certain cooking oil products from Jul 1, its government announced on Tuesday (Jun 21), in what it said was a move to ensure domestic supply and stabilise prices.
Palm oil import sans from Indonesia: FBR abolishes 2pc additional duty
22/06/2022 (Business Recorder) - ISLAMABAD: The Federal Board of Revenue (FBR) has abolished 2 per cent additional customs duty on the import of edible palm oil for shipments originating from all sources except Indonesia from June 10, 2022, and June 30, 2022. The FBR has issued SRO 805(I)/2022 here on Tuesday to amend the SRO 845(1)/2021 pertaining to the imposition of the regulatory duty.
