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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 falls as crude, rival oils weaken amid Omicron fears
Malaysian palm oil futures fell on Monday as crude and rival vegetable oil prices weakened on concerns that surging Omicron cases globally would hurt demand, while December export data is likely to remain soft.
India allows refined palm oil imports until December 2022
India allowed imports of refined palm oil until December 2022, the government said in a notification, as the world’s biggest vegetable oil buyer tries to bring down edible oil prices.
Malaysia palm oil growers group pledges to abolish forced labour
17/12/2021 (https://themalaysianreserve.com) - THE Malaysian Palm Oil Association (MPOA) launched a charter that outlines its members’ commitments to respect labour rights, adopt responsible recruitment practices and provide good working and living conditions for workers, the growers’ group said yesterday.
Palm climbs 2% on stronger rival oils, low supply concerns
17/12/2021 (https://www.hellenicshippingnews.com) - Malaysian palm oil futures jumped on Thursday, recovering from the previous session’s steep decline, as it tracked strength in rival soyoil, while concerns about tightening production also supported sentiment.
In 2022, cotton prices may decline but palm oil will scale new highs
16/12/2021 (https://www.thehindubusinessline.com) - Cotton prices may continue to rally in the coming quarters and are likely to cool-off in the second half of 2022, while palm oil prices are expected to hit new highs on robust demand and tight supplies in the new year, commodity analyst T Gnanasekar, Director, Commtrendz Research, said on Thursday.
Palm oil may fall to 4,555 ringgit; prices set to crash further
15/12/2021 (Business Recorder) - SINGAPORE: This is the fifth wave of a double-zigzag. A falling channel suggests a target around 4,555 ringgit. After the consolidation in the narrow range of 4,751 ringgit to 4,812 ringgit, the following drop could be full of momentum.
CPO futures rebound to close higher
16/12/2021 (https://www.theedgemarkets.com) - KUALA LUMPUR (Dec 16): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped three days of losses to end higher on Thursday, taking the cue from overnight gains in Chicago Board of Trade soybean oil.
UK proposes to continue trade measures for biodiesel
16/12/2021 (http://www.biodieselmagazine.com) - The U.K. Trade Remedies Authority on Dec. 15 proposed to keep current anti-dumping and countervailing measures on fatty-acid mono-alkyl esters (FAME) biodiesel in place for an additional five years, but remove similar measures currently in place for renewable diesel produced from paraffinic gasoil obtained from synthesis or hydro-treatment of non-fossil origin (HVO).
Palm oil price: no respite
15/12/2021 (www.brecorder.com) - More than a third of Pakistan’s food import bill is headlined by palm oil this fiscal year. As early signs of softening emerge in prices of other commodities, particularly energy, hopes were pinned that palm oil will soon follow a similar trajectory. The emergence of Omicron fueled further hope but the production slowdowns being observed among key producing countries, has kept the commodity holding to the highs.
