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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
Excepting Indonesia, 2pc ACDs removed on import of palm oil
02/06/2022 (Business Recorder), Islamabad - The government has removed Additional Customs Duties (ACDs) of 2 percent from June 10 to 20, 2022 on import of palm oil for shipments originating from all sources except Indonesia, sources close to Secretary Commerce told Business Recorder.
‘Palm oil industry could positively impact economy’
02/06/2022 (Daily News Sri Lanka) - Sri Lanka’s palm oil industry is a relatively small one, but it is in a position to have a larger positive impact on the economic future of our country and is ready to support the economy and government to overcome present challenges a Statement from Palm Oil Industry Association (POIASL) of Sri Lanka said.
Crude palm oil exports down 6.07% in first five months ‘as trees get old’
02/06/2022 (Phnompenh Post) - Cambodia exported 20,492 tonnes of crude palm oil (CPO) in the first five months of 2022, registering a decrease of 6.07 per cent year-on-year, according to the Ministry of Agriculture, Forestry and Fisheries.
Indonesia has issued palm oil export permits for nearly 180,000 t: official
02/06/2022 (The Business Times) - INDONESIA, has issued export permits for 179,464 tonnes of palm oil as of Jun 2, a senior trade ministry official said on Thursday (Jun 2), after a ban on shipments was lifted last week.
CPO futures end higher on stronger export expectations
02/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Thursday in anticipation of stronger exports as well as lower-than-expected production levels which would draw down existing stock levels in the country, a dealer said.
Erratic policies exacerbate uncertainty in palm oil industry: Jakarta Post contributor
02/06/2022 (The Star Online) - The recent pronouncement by the Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan that all palm oil companies in the country are to be audited confirms assumptions that the government has no complete database on the upstream and downstream palm oil industry.
Watchdog's new chief says high prices can support greener palm oil
03/06/2022 (The Star Online) - Palm oil producers profiting from a global price boom should use the opportunity to ramp up efforts to make the business more sustainable and head off rising risks of forests being cleared for plantations, the new head of the industry's watchdog said.
Palm oil industry requests govt. to lift bans and other restrictions
02/06/2022 (Daily Mirror Online) - Sri Lanka’s palm oil industry yesterday requested the government to repeal the bans and other negative policies in place against the industry and liberalise it, so the industry could play its part to support the country’s dollar-starved economy.
Palm oil neutral in 6,220-6,423 ringgit range
01/06/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 6,220-6,423 ringgit per tonne, and an escape could suggest a direction.
