Berita Arkib

KARACHI:Prices of edible oil, ghee and related products were adjusted upwards several times during the previous year.

FORT COLLINS, Colo. (Reuters) - Speculators last week expanded soybean optimism to keep pace with their most bullish-ever views for the time of year, but they eased off their massive corn bets to a much larger degree than expected.

KUALA LUMPUR, Feb 14 — Maybank Investment Bank Research (Maybank IB) has maintained its ‘positive’ call on the regional plantation sector, based on expectations that the crude palm oil (CPO) average selling prices (ASP) would stay elevated in the first quarter of 2022 (Q1 2022).

The Union government has decided to reduce the agricultural infrastructure development cess (AIDC) on crude palm oil (CPO) from 7.5 percent to 5% effective February 13, thereby widening the gap between crude and refined oil. After this reduction, the effective difference between CPO and RBD palmolein will be 8.5%.

Malaysia’s crude palm oil (CPO) stocks fell 7.7% to 786,828 tonnes in January 2022 from 852,339 tonnes in December 2021 amid lower production, said the Malaysian Palm Oil Board (MPOB).

Malaysian palm oil futures closed lower on Thursday, hit by profit-taking and weak exports in the first 10 days of February, although a drop in January end stocks limited losses.

Malaysia's palm oil inventories dropped more than anticipated at the end of January, hitting a six-month low as production and imports slumped, data from the industry regulator showed on Thursday.

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on concerns over weaker demand, according to a dealer.

An MoU was earlier sealed between MPOC and the Lulu Group International (LULU) to promote and market Malaysia’s palm-oil based products through the latter’s wide chain of hypermarkets located in the UAE.

The Indonesian government says it has no plans to reclassify oil palms as a forest crop rather than an agricultural one, following a controversial proposal made by the country’s leading forestry university.

The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange climbed 0.07% to 5,598 ringgit ($1,338.59) per tonne by midday break.

01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.