Berita Arkib

KUALA LUMPUR: Malaysian palm oil futures closed at a more than 10-week low on Monday and extended losses for a fourth consecutive session, dragged by weak crude and as Indonesia’s makes headway in its plans to speed up exports.

PETALING JAYA: Investors should consider adopting a profit-taking strategy on the plantation sector, given continued uncertainties on the impact of Indonesia’s domestic market obligation (DMO) policy and the recent change in its tax structure.

13/06/2022 (Malaya Business Insight) - Asian stocks fell on Friday, spooked by a fresh COVID-19 alert in Shanghai and Beijing, while Indonesian stocks took a hit after the world’s biggest palm oil exporter raised its maximum palm oil export tax.

12/06/2022 (The Star Online), Jakarta - Indonesia, the world's biggest exporter of palm oil, has yet again reversed its export policy, looking to accelerate shipments just weeks after ending a three-week export ban aimed at maintaining domestic supply.

11/06/2022 (The Star Online), Sibu - The increase in palm oil prices in the plantation sector has attracted workers from other sectors, said Senior Works Minister Datuk Seri Fadillah Yusof.

13/06/2022 (The Jakarta Post) - The overall audit that Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan ordered last week for the whole upstream and downstream palm oil industry should pay special attention to the position of the estimated 2.7 million palm oil smallholders vis-à-vis big palm oil businesses.

11/06/2022 (The Malaysian Reserve) - OF late, the record high fertiliser prices seems to offset upstream planters’ solace in the current strong crude palm oil (CPO) prices and news of a gradual return of some 32,000 foreign workers into the plantation sector.

11/06/2022 (ANTARA News), Jakarta - Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, has said that he expects the Bulk Cooking Oil Information System (SIMIRAH) to become a super app assisting in resolving cooking oil management issues.

KUALA LUMPUR: Palm oil industry expert Dorab Mistry expects the price of crude palm oil (CPO) to ease towards end of the year due to high supplies of vegetable oil.

KUALA LUMPUR (June 9): Crude palm oil (CPO) prices are expected to weaken to RM4,000 per tonne by the last quarter of the year (4Q22), driven by an increase of CPO production in Indonesia and dampened demand for vegetable oils, said Godrej International Ltd director and edible oil analyst Dorab Mistry.

JAKARTA (June 9): Indonesia has launched an export acceleration scheme aimed at shipping at least 1 million tonnes of crude palm oil and derivatives following a recent export ban, according to a trade ministry regulation made public on Thursday.

KUALA LUMPUR (June 9): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the second consecutive day on Thursday in tandem with the weakness in the soybean oil market on the Dalian Commodity Exchange.