Berita Arkib

INVESTORS should stay "positive" on the Malaysian plantation sector with crude palm oil (CPO) prices off to a good start in 2022, Maybank Kim Eng (Maybank KE) said on Tuesday (Jan 11), though UOB Kay Hian (UOBKH) and RHB projected a more tepid outlook for the industry on expectations of a downtrend in current elevated CPO prices.

Jakarta (ANTARA) - The downstream industry of palm oil and crude palm oil (CPO) derivatives has contributed significantly to the national economy, Industry Ministry's Director General of Agro-Industry, Putu Juli Ardika, stated.

KUALA LUMPUR: Malaysian palm oil futures slipped on Tuesday, weighed by cargo surveyor data showing a tumble in Jan. 1-10 exports, even as official numbers showed a sharp decline in December inventories.

Jakarta (ANTARA) - The Industry Ministry has said it is making efforts to maintain the productivity of the palm cooking oil industry to meet people's needs, in line with President Joko Widodo's directive. The government implemented a program for distributing 11 million liters of cooking oil through modern market and retail operations in November 2021 with the support of the cooking oil industry and the Indonesian Retailers Association (Aprindo).

Weekly soybean imports into the EU almost doubled to 215,814 mt during the week ending January 9, bringing total imports since July 1, 2021, to 6.77 million mt, data from the European Commission showed Tuesday.

10/01/2022 (The Phnom Penh Post Online) - Cambodia exported nearly 62,000 tonnes of crude palm oil in 2021, rising in excess of 176 per cent from a year earlier, worth more than $66 million, or at an average of over $1.06 per kilogramme, according to Ministry of Agriculture, Forestry and Fisheries data.

10/02/2022 (Argus Media Online) - The Malaysian Palm Oil Board recorded multi-year lows for production, exports and stock levels in 2021 over quashed output and global high vegetable oil prices.

10/01/2022 (The Times Of India Online) - Nagpur: The Food and Drugs Administration (FDA) has urged eight city hotels — where edible oil consumption is more than 50 litres per day — to hand over their excess edible used oils for bio-diesel recycling to a designated company empanelled with the Food Safety and Standards Authority of India (FSSAI).

11/01/2022 (The Star Online) - KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for December 2021 fell 11.89% to 830,339 tonnes from 942,354 tonnes in the previous month on lower production and export, the Malaysian Palm Oil Board (MPOB) said.

10/02/2022 (Hellenic Shipping News Online) - Malaysia is expected to have ended December 2021 with crude palm oil stocks of around 1.73 million mt, a dip from end-November stock levels, but much stronger when compared with CPO inventory of 1.26 million mt a year ago, a S&P Global Platts survey showed.

10/01/2022 (Business Recorder) - SINGAPORE: Palm oil still targets 5,094 ringgit per tonne, as suggested by its wave pattern.

“Post revised its MY (marketing year) 2021/22 crude palm oil (CPO) production downward from 18.2 million tons to 18.0 million tons, taking into account the effect of anomalous weather from the super typhoon Rai (a month of rain recorded in one day on December 18 in Peninsular Malaysia) and the continuing acute labor issue the industry has faced since 2019. Labor remained the biggest issue for the industry.