Berita Arkib

Singapore - Malaysian palm oil futures slid more than 1% on Tuesday, falling for the first time in three sessions, on concerns over tepid demand in key consumer China amid COVID-19 restrictions.

KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives retreated to end easier following concerns about China demand.

In a peculiarity of the international markets, the price of cooking oil may go down in Pakistan after China refused to ease covid related lockdown restrictions in the country.

Crop consultancy Strategie Grains expects the area sown with rapeseed in the European Union to expand next season after high prices encouraged farmers to sow more of the oilseed and crops started in good conditions.

07/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia’s palm oil inventory likely grew 7.5% month-on-month (m-o-m) to 2.49 million tonnes at end-October, its highest level since April 2019, due to recovering output.

07/11/2022 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) stockpiles in Malaysia are likely to continue to swell to a three-year high as production in the world’s second-biggest grower increased, said CGS-CIMB Futures Sdn Bhd.

06/11/2022 (Hellenic Shipping News) - Malaysia’s palm oil inventories at end-October likely swelled to its highest in three and a half years as production improved while imports slumped, a Reuters survey showed.

07/11/2022 (Business Recorder), Singapore - Palm oil may retest a support at 4,264 ringgit a tonne, a break below which could open the way towards 4,072-4,135 ringgit range.

07/11/2022 (Hellenic Shipping News) - Global palm oil output is seen increasing by 2.9 million tonnes in the 2022/23 season, leading industry analyst Thomas Mielke said in a conference.

07/11/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd's net profit for the third quarter ended Sept 30, 2022 (3QFY22) jumped 27.62% to RM196.72 million — its best quarterly net profit to date — from RM154.15 million in the same period last year, thanks to elevated crude palm oil (CPO) and palm kernel (PK) prices.

05/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil inventories at end-October likely swelled to their highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday (Nov 4).

05/11/2022 (Jakarta Globe), Bali - The Indonesian Palm Oil Association or Gapki has projected that palm oil prices would decline in 2023 amid forecasts of global economic recession. Palm oil production and consumption will also slightly drop next year.