PALM NEWS MALAYSIAN PALM OIL BOARD Friday, 29 Nov 2024

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Carian Terperinci

Berita Arkib

OILS & FATS  
  01-11-2022

VEGOILS-Palm rises over 4% after Russia pulls out of Black Sea export corridor

31/10/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Monday, rebounding from last week's losses after Russia withdrew from a Black Sea export deal, which may hurt global grain and sunflower oil supplies.

MARKET DEVELOPMENT  
  01-11-2022

Palm ends higher after Russia pulls out of Black Sea export corridor

31/10/2022 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures closed higher on Monday, rebounding from last week’s losses after Russia withdrew from a Black Sea export deal, jeopardising global grain and sunflower oil supplies.

OILS & FATS  
  01-11-2022

Foreign labour shortage needs to be resolved soon, says National Recovery Council

31/10/2022 (The Edge Markets), Kuala Lumpur - The shortage of foreign workers needs be resolved soon, with arrivals of foreign labour into Malaysia being too few compared to the amount of levies already paid at RM713,890 for the approved quota of 467,223, said the National Recovery Council.

MARKET DEVELOPMENT  
  01-11-2022

Stocks splutter, euro falls ahead of euro zone inflation data

31/10/2022 (The Edge Markets), London - Europe's stocks and main currencies fell on Monday ahead of upcoming euro zone inflation data, Fed, BOE and RBA rates hikes later in the week and as Russia's withdrawal from a Ukrainian grain transit pact sent wheat and corn prices higher.

OILS & FATS  
  01-11-2022

A withdrawal from a grain deal could impact the growing global hunger crisis

31/10/2022 (Egypt Independent) - Russia’s decision to pull out of the UN-brokered agreement that guaranteed safe passage for ships carrying vital grain exports from Ukraine has sparked “grave concerns” over global food supply at a time when the world is already facing a growing hunger crisis.

OILS & FATS  
  01-11-2022

CoP 27: Ghana, nine others renew commitment to protect forests and livelihoods

31/10/2022 (Ghana Business News) - Ghana and nine other African countries that account for about 25 per cent of the world’s tropical forest will sign the expanded declaration of the Africa Palm Oil Initiative (APOI) at the CoP 27 in Egypt in November.

MARKET DEVELOPMENT  
  31-10-2022

VEGOILS-Palm oil tracks rivals lower, set for weekly loss

27/10/2022 (Nasdaq), Jakarta - Malaysian palm oil futures dropped on Friday, dragged lower by losses in rival edible oils, and were poised for a weekly drop amid concerns of sluggish demand.

OILS & FATS  
  31-10-2022

Telangana’s ambitious palm oil strategy to help India reduce import

31/10/2022 (BBC News) - An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted with palm oil plantations on both sides.

MARKET DEVELOPMENT  
  31-10-2022

Palm oil tracks rivals lower, posts 2.8% weekly drop

29/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures on Friday tracked a slump in rival edible oils to post its biggest one-day drop in a month and logged a weekly loss amid concerns over sluggish demand.

OILS & FATS  
  31-10-2022

Palm oil may fall into 4,001-4,071 ringgit range

28/10/2022 (Business Recorder), Singapore - Palm oil may break a support of 4,114 ringgit per tonne and fall into 4,001-4,071 ringgit range.

MARKET DEVELOPMENT  
  31-10-2022

Resetting southeast Asia's climate agenda

30/10/2022 (The JordanTimes), Singapore - High inflation, rising interest rates, falling currencies and volatile energy prices, together with an economic slowdown and post-pandemic budget woes, may increase pressure on the ASEAN+3, the ten members of the Association of Southeast Asian Nations, together with China, Japan, and South Korea, to scale back efforts to mitigate climate risk. While this policy shift may make fiscal sense, it is a mistake that could have grave repercussions for the region and ultimately lead to slower economic growth and greater financial instability.

MARKET DEVELOPMENT  
  31-10-2022

CPO futures likely to see correction this week

31/10/2022 (The Star Online), Petaling Jaya - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives are expected to experience technical correction this week, as concerns over production and high inventory weigh on investor sentiment, a trader says.