Berita Arkib

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to experience technical correction next week, as concerns over production and inventory will weigh on investors’ appetite.

Malaysia's benchmark palm oil futures fell on Thursday after four straight sessions of gains, with investors awaiting Aug. 1-25 export data from cargo surveyors for further direction.

A new paper appearing in the journal Environmental Research has explored the production of biodiesel from palm kernel shells, an agricultural waste stream. Scientists from Malaysia, Brunei, and Oman have contributed to the research.

The ban of crude palm oil and its derivatives exports by Indonesia, the world’s largest supplier of the commodity, should be music to the ears of investors in that line of business in Nigeria who eye the export market. Before the ban, palm oil and the refined products from it, were a major source of foreign earnings for that Asian country. In April 2020, a ton of Indonesian crude palm oil was fetching around $545 on the European and other markets. Two years later, that jumped to $1,700.

Edible oil industry body The Solvent Extractors’ Association of India (SEA) has requested Indonesia to maintain stable export duties and levies besides trade policies related to palm oil to ensure less speculation on what stance the government might take.

Coffee is the country’s second-largest agricultural commodity after palm oil, accounting for 27 percent of all agriculture exports and six percent of the country’s GDP.

25/08/2022 (China Dialogue) - Palm oil is now ubiquitous. Arguably the world’s most versatile oil, it is used as a preservative in a variety of foods and has a host of other applications in shampoos, cosmetics and even biofuels. Its prevalence is explained in part by the higher oil content of the palm fruit compared to other oil crops.

25/08/2022 (CBNC TV) - Malaysian ringgit ebbed to the lowest levels in five years against the dollar last week. As a result, it is set to pull down palm oil prices further aiding India’s fight against inflation. The Malaysian currency plunged to 4.4810 against the greenback on Friday — a level last seen in January 2017. On Thursday, ringgit fell to 4.47 vs the US dollar — last seen during the Asian financial crisis in early 1998.

25/08/2022 (Today Online), Singapore - Exports of Malaysian palm oil products for Aug. 1-25 fell 0.1 percent to 969,341 tonnes from 970,243 tonnes shipped during Jul. 1-25, cargo surveyor Societe Generale de Surveillance said on Thursday.

25/08/2022 (Express Journal), Mumbai - Godrej Agrovet, the country’s largest oil palm cultivator and palm oil processor, is looking to set up two greenfield refining projects in Andhra Pradesh and Mizoram, which will help to reduce imports.

25/08/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 4,085-4,350 ringgit per tonne, and an escape could suggest a direction.

25/08/2022 (Antara News), Pekanbaru - Vice President Ma'ruf Amin planted top-quality hybrid oil palm sprouts with 100 santris (students) from the Riau Technology Islamic Boarding School (Pesantren) on Sumatra Highway, Siak Hulu, Kampar district, Riau, on Thursday.