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OILS & FATS
04-01-2023

Domestic workers and palm oil in the spotlight

03/01/2023 (The Star Online), Petaling Jaya - Malaysia and Indonesia are expected to review the existing agreement on migrant workers and discuss challenges facing the palm oil industry during the Prime Minister’s working visit to Indonesia.

MARKET DEVELOPMENT
04-01-2023

CPO to trade between RM3,400 and RM3,700 per tonne this week

02/01/2023 (The Star Online), Kuala Lumpur - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade in yo-yo mode this week in the absence of market participants due to new year holidays.

OILS & FATS
04-01-2023

Ceiling price for bottled cooking oil unchanged

03/01/2023 (Free Malaysia Today), Kuala Lumpur - The ceiling price for bottled cooking oil will remain the same for the Jan 8 to Feb 7 period although the average price of crude palm oil (CPO) in the world market rose in December 2022, said Salahuddin Ayub.

MARKET DEVELOPMENT
04-01-2023

Indonesia to tighten palm oil exports to shore up supply ahead of Ramadan

02/03/2023 (The Jakarta Post) - Indonesia will tighten export rules for palm oil from Jan. 1 by allowing less shipments overseas for every tonne sold domestically, to ensure sufficient and affordable cooking oil supply at home, officials said on Friday.

MARKET DEVELOPMENT
04-01-2023

Slight recovery for palm oil

03/01/2023 (The Malaysian Reserve) - THE Malaysian palm oil market is expected to remain uncertain and experience only a little growth in 2023.

MARKET DEVELOPMENT
04-01-2023

VEGOILS-Palm oil edges up on tighter supply outlook

03/01/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up in the first trading session of the year on Tuesday, underpinned by expectations of slowing production and tighter Indonesian supply.

MARKET DEVELOPMENT
04-01-2023

Palm oil scales near 5-week closing high on tighter supply outlook

04/01/2023 (Hellenic Shipping News) - Malaysian palm oil futures jumped to a near five-week closing high in the first trading session of the year, underpinned by production slowdown and tighter Indonesian supply.

OILS & FATS
04-01-2023

Indonesian palm oil sector expresses concerns over EU deforestation legislation

03/01/2023 (Confectionery Production) - The Indonesian government and country’s palm oil trade bodies have reportedly expressed concerns over the EU deforestation regulations based on due diligence principles being put forward under the European parliament, writes Neill Barston.

MARKET DEVELOPMENT
03-01-2023

Malaysia’s crude palm oil price for 2022 projected to be 15.7 percent higher on year

31/12/2022 (Hellenic Shipping News) - Malaysian Palm Oil Board (MPOB) has on Friday projected the crude palm oil (CPO) prices to average at 5,100 ringgit (1,157 U.S. dollars) per tonne this year.

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