Berita Arkib

The focus on sustainability issues does not seem to abate, as more challenges await the palm oil industry, according to Malaysian Palm Oil Council (MPOC) chief executive officer Wan Aishah Wan Hamid.

The Malaysian Palm Oil Council (MPOC) has lowered its projections for Malaysian total palm oil production (CPO) in 2022 to 18.3 million metric tonnes (mt) from 18.5 million mt previously, as labour shortages in the plantation sector continue to affect the palm oil industry's performance.

Palm oil faces a strong resistance at 3,916 ringgit per tonne, it may hover below this level or retrace towards 3,686 ringgit.

The Solvent Extractors’ Association (SEA) of India, a body of edible oil manufacturers, on Monday demanded lifting of ban on futures trade in soya oil and crude palm oil (CPO) on the commodity exchanges imposed on December, 2021, to ensure risk management and price discovery mechanism.

India’s import of edible oil grew 35.29 per cent year-on-year (YoY) to 1.3 million tonnes (MT) in August against 1.01 MT in the same month last year. India imported 1.2 MT of edible oil in July this year, reported The Hindu BusinessLine.

The European Parliament rejected the opportunity to change the EU’s fuels law (Renewable Energy Directive) which could have ended the use of food crops in biofuels. Oxfam and Transport & Environment have labeled the vote a missed opportunity to ease pressure on the global food crisis.

13/09/2022 (The Edge Markets), New Delhi - India imported 353,556 tonnes of palm oil from Malaysia last month, up 49% from July 2022, as its overall edible oil imports grew 14% month-on-month.

14/09/2022 (The Star Online), Petaling Jaya - Earnings of plantation companies have likely peaked in the second quarter of 2022 (2Q22) as the average crude palm oil (CPO) price of RM4,116 per tonne in July-August is more than one-third lower compared with 2Q22.

13/09/2022 (New Straits Times), Kuala Lumpur - MIDF Research expects palm oil production to improve further subsequent to positive development of foreign labour intake particularly from Indonesia.

13/09/2022 (The Edge Markets), Mumbai/Bengaluru - India's palm oil imports in August jumped 87% from a month ago to the highest level in 11 months, as a sharp drop in prices prompted refiners to ramp up purchases, a leading trade body said on Tuesday.

12/09/2022 (The Edge Markets) - Malaysia's palm oil stocks at the end of August climbed to their highest in 33 months, as output rose with peak production season getting underway, palm oil board data showed on Monday (Sept 12).

13/09/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) prices are expected to trade sideways at around RM3,500-RM4,000 per tonne towards year-end, benefiting from the price disparity between CPO and soybean oil (SBO), which is currently at around US$477 (RM2,150) per tonne.