PALM NEWS MALAYSIAN PALM OIL BOARD Thursday, 28 Nov 2024

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Berita Arkib

MARKET DEVELOPMENT  
  07-02-2023

Palm oil rises on profit-taking, but posts weekly losses

06/02/2023 (Business Recorder), Jakarta - Malaysian palm oil futures edged higher on Friday on a weaker ringgit and profit-taking ahead a long weekend, but they still posted weekly losses.

MARKET DEVELOPMENT  
  07-02-2023

Indonesia to suspend some palm oil export permits – officials

06/02/2023 (Reuters), Jakarta - Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of upcoming Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account on Monday.

MARKET DEVELOPMENT  
  07-02-2023

Indonesian growth faces risk of global slowdown

07/02/2023 (Taipei Times) - Just as the pace of Indonesia’s economic growth returned to pre-COVID-19 pandemic levels, a slowing global economy has emerged as the biggest threat to sustaining that performance.

OILSEEDS  
  07-02-2023

India’s wheat planting remains steady despite record high prices

06/02/2023 (Hellenic Shipping News) - India’s wheat plantings remained steady despite a rally in price of the staple to a record as farmers in a key producing central state shifted to rapeseed to take advantage of even higher prices for the oilseed, farm ministry data showed on Monday.

MARKET DEVELOPMENT  
  03-02-2023

PLS Plantation to reduce palm oil business to 15pct

02/02/2023 (New Straits Times), Kuala Lumpur - Ekovest Bhd's subsidiary, PLS Plantation Bhd is planning to reduce its oil palm plantation business from 80 per cent currently to just about 15 per cent over the next few years.

OILS & FATS  
  03-02-2023

US finds no forced labour in Sime Darby’s palm oil production

03/02/2023 (Free Malaysia Today), Petaling Jaya - The United States has cleared Sime Darby Plantation Bhd (SDP) of allegations of forced labour in the production of its palm oil and derivative products, a filing under the US Federal Register showed.

MARKET DEVELOPMENT  
  03-02-2023

Palm oil to test support at 3,796 ringgit

02/02/2023 (Business Recorder), Singapore - Palm oil is expected to test a support at 3,796 ringgit per tonne, a break below which could be followed by a drop into a range of 3,683-3,721 ringgit.

OILS & FATS  
  03-02-2023

ICCI appeals to Indonesia for restoring exports of palm oil

03/02/2023 (Daily Times) - Islamabad Chamber of Commerce and Industry (ICCI) on Thursday urged the Indonesian authorities for restoring the normal export of palm oil to Pakistan as it was a major importer of palm oil from Indonesia.

OILS & FATS  
  03-02-2023

Bottled cooking oil ceiling prices unchanged from Feb 8-March 7

02/02/2023 (The Star Online), Putrajaya - The maximum retail prices for bottled pure cooking oil will remain unchanged for the Feb 8 to March 7 period, according to the Domestic Trade and Cost of Living Ministry.

OILS & FATS  
  03-02-2023

Palm oil is actually not that bad (anymore)

02/02/2023 (Vox) - In the last two decades, palm oil has become an environmental boogeyman, an ingredient that conscious consumers should try to avoid.

MARKET DEVELOPMENT  
  02-02-2023

Palm oil drops 3pc as Indonesia keeps domestic sale rule

01/02/2023 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures slid 3% on Tuesday, ending a three-day climb as Indonesia maintained its domestic sales rule and traders fretted about slow export demand.

MARKET DEVELOPMENT  
  02-02-2023

Indonesia cuts 1H February palm export taxes, levies

01/02/2023 (Argus Media) - Indonesia has decreased export taxes and levies on palm products for 1-15 February after the crude palm oil (CPO) reference price for the same period dropped below $880/t, triggering the lower band of duties and levies.