Berita Arkib

21/06/2022 (The Malaysian Reserve) - AGRICULTURAL commodities fell as traders weighed an improved outlook for global food supplies, with signs pointing to burgeoning palm oil exports from Indonesia and a large Russian wheat crop this season.

21/06/2022 (Sustainability Times) - Palm oil is a versatile substance used in a wide range of products from foods to cosmetics. The trouble with it is that the cultivation of oil palm trees has caused massive enviromental harm, especially in Malaysia and Indonesia, which together account for 85% of palm oil production in the world.

21/06/2022 (Business Recorder), Singapore - Palm oil may bounce into a range of 5,086 ringgit to 5,204 ringgit, as it has found a support at 4,896 ringgit per tonne.

21/06/2022 (The Star Online), Kota Kinabalu - The government is poised to implement the oil palm Electronic Fresh Fruit Bunches (EFFB) initiative after seeing the success of the pilot project undertaken in Tanjung Piai, Johor.

21/06/2022 (Business Times) - MALAYSIA will abolish subsidies for certain cooking oil products from Jul 1, its government announced on Tuesday (Jun 21), in what it said was a move to ensure domestic supply and stabilise prices.

22/06/2022 (Business Recorder) - ISLAMABAD: The Federal Board of Revenue (FBR) has abolished 2 per cent additional customs duty on the import of edible palm oil for shipments originating from all sources except Indonesia from June 10, 2022, and June 30, 2022. The FBR has issued SRO 805(I)/2022 here on Tuesday to amend the SRO 845(1)/2021 pertaining to the imposition of the regulatory duty.

(June 20): Palm oil fell deeper into bear market territory on concern that surging Indonesian exports will challenge cargoes from Malaysia, with the most active contract sliding below RM5,000 for the first time since January.

Exports of Malaysian palm oil products for June 1 – 20 fell 10.5 percent to 738,368 tonnes from 824,589 tonnes shipped during May 1 – 20, cargo surveyor Intertek Testing Services said on Monday.

Packaged consumer goods makers said they will not slash prices despite the correction in two crucial commodities - crude and palm oil - but will instead slow the pace of price increases.

JAKARTA, June 21 (Reuters) - Indonesia, the world's top palm oil exporter, has issued permits to export 867,682 tonnes palm oil products under its Domestic Market Obligation (DMO) scheme as of Monday, Trade Ministry official Oke Nurwan said.

SINGAPORE: Palm oil may test a support at 5,086 ringgit per tonne, a break below which could open the way towards 4,896 ringgit.

PARIS, June 20 (Reuters) - Euronext wheat edged lower on Monday, pressured by a pre-weekend slide in Chicago as traders await further clues on harvest and export prospects for the upcoming season.