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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
Indonesian farmers stage protests against palm oil export ban
17/05/2022 (The Malay Mail) - Hundreds of Indonesian smallholder farmers today staged a protest in the capital Jakarta and in other parts of the world’s fourth most populous country, demanding the government end a palm oil export ban that has slashed their income.
Malaysia raises concerns over continual changes on sustainable palm oil
17/05/2022 (The New Straits Times), Kuala Lumpur - Malaysia is worried that benchmark standards keep on changing and are difficult to comply with, especially for smallholders, as it continues to address sustainability aspects and corrects the negative perception and allegation towards its palm oil, the Malaysian Palm Oil Board (MPOB) said.
Rupiah nears breach of support with palm oil ban hurting trade
16/05/2022 (The Edge Markets) - The rupiah risks weakening to its lowest level in almost two years as Indonesia’s ban on palm oil exports adds to headwinds from interest rate hikes in the US.
Palm oil may rise to 6,602 ringgit
17/05/2022 (Business Recorder), Singapore Palm oil may rise to 6,602 ringgit per tonne, as it managed to stabilise around a support at 6,290 ringgit.
Can Brazil and Argentina satiate India’s food oil hunger?
17/05/2022 (Al Jazeera), Bengaluru, India - Aneesha Thakur has used sunflower oil in her kitchen for as long as she can remember. Last week, she broke with that habit, buying a bottle of soybean oil instead to fry fish for her teenage sons.
Indonesian farmers decry palm oil export ban as prices plummet
16/05/2022 (Al-Jazeera) - Indonesia, the world’s largest producer of palm oil, has struggled with rising prices and low stocks of cooking oil amid a surge in global prices of the raw ingredient.
Zuraida: Formation of US-Malaysia committee equitable move to resolve palm oil, rubber issues
PUTRAJAYA, May 15 — The establishment of a working committee between Malaysia and the United States to address the issue of alleged forced labour is an equitable move to resolve palm oil and rubber issues, said Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
Indian edible oil importers see ‘ugly’ supply crunch if Indonesia palm oil export ban continues
NEW DELHI, May 14 — Indian vegetable oil importers predict an “ugly†supply crunch if top producer Indonesia maintains its ban on palm oil exports to meet domestic demand.
Palm oil industry easily needs 100,000 workers
PETALING JAYA: The actual worker shortage in the palm oil industry can be between 70,000 and 100,000 workers, according to an industry source.
