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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
Zuraida: Upstream and downstream palm oil players should benefit from Indonesian export ban
10/05/2022 (The Edge Markets), Kuala Lumpur - Both upstream oil palm growers and downstream oil producers in the country should join hands to reap the benefit of the void following neighbouring Indonesia’s decision to halt its palm oil exports, Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said.
Exclusive: Malaysia may cut palm oil export tax by half amid global supply crisis
10/05/2022 (The Edge Markets), Kuala Lumpur - Malaysia's commodities ministry has proposed cutting the export tax on palm oil by as much as half to help fill a global edible oil shortage and grow the market share of the world's second-largest palm oil producer.
Zuraida: Govt optimistic that Malaysia able to fill gap in global palm oil supply
10/05/2022 (New Straits Times), Putrajaya - The government today urged upstream oil palm growers and downstream palm oil producers in Malaysia to join hands and reap the benefits of the void created following Indonesia's decision to halt its palm oil exports.
Indonesia’s revocation of palm oil, mining permits marred by ‘maladministration’
10/05/2022 (Mongabay), Jakarta - The office of the Indonesian ombudsman says it has found indications of maladministration in the government’s decision to revoke hundreds of logging, plantation and mining permits across the country.
India wants a lot more Malaysian palm oil, offers countertrade that includes military equipment
10/05/2022 (The Edge Markets) - INDIA, which has been importing an average of just over three million tonnes of palm oil from Malaysia over the past five years, is keen to raise its annual imports from Malaysia by two million tonnes or about 67% over that five-year average, and is in talks with the Malaysian government to secure the additional supply via countertrade.
Planters expected to post better 1Q performance — CGS-CIMB
KUALA LUMPUR (May 9): Malaysian plantation companies are expected to enjoy higher year-on-year (y-o-y) earnings for the first quarter of 2022 (1Q22), on the back of higher crude palm oil (CPO) prices, said CGS-CIMB Securities Sdn Bhd.
Cooking oil up RM10, trade group fears more increases
PETALING JAYA: The price of some brands of cooking oil has gone up by as much as RM10 for a 5kg bottle, says a retailers’ association.
Malaysia's April palm oil exports fell 17.1 pct –SGS
SINGAPORE, May 9 (Reuters) - Exports of Malaysian palm oil products for April fell 17.1 percent to 1,103,093 tonnes from 1,331,400 tonnes shipped during March, cargo surveyor Societe Generale de Surveillance said on Monday.
Palm oil may end fall in support zone of 6,190-6,290 ringgit
SINGAPORE: Palm oil may end its fall in a support zone of 6,190-6,290 ringgit, and then test a resistance at 6,602 ringgit a tonne.
