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OILS & FATS
30-12-2022

Palm oil ends flat, demand concerns weigh

30/12/2022 (Hellenic Shipping News) - Malaysian palm oil futures reversed losses on Thursday after trading in a tight range, but the contract ended virtually unchanged, weighed down by sluggish demand and as traders booked profits.

OILS & FATS
30-12-2022

Now, price rise in palm oil, trend likely to continue

29/12/2022 (Telangana Today), Hyderabad - Prices of palm oil are firming up. The price, which till recently was about Rs 100 a litre, is now at Rs 110. The price has increased about ten per cent or so and the trend is likely to continue for some more time.

MARKET DEVELOPMENT
29-12-2022

Fitch Ratings expects crude palm oil to average US$850 a tonne in 2023

28/12/2022 (The Edge Markets), Kuala Lumpur - Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.

MARKET DEVELOPMENT
29-12-2022

VEGOILS-Palm oil scales near four-week peak on China reopening hopes

28/12/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures ticked up on Wednesday, hovering near a near four-week high on hopes of a recovery in demand after China eased COVID-19 curbs.

OILS & FATS
29-12-2022

Malaysia keeps January crude palm oil export duty at 8%

28/12/2022 (The Star Online), Kuala Lumpur - Malaysia has maintained its January export tax for crude palm oil at 8% and raised its reference price, a circular on the Malaysian Palm Oil Board website showed on Wednesday.

OILS & FATS
29-12-2022

Boilermech solidifies presence in RE

28/12/2022 (The Star Online), Petaling Jaya - Boilermech Holdings Bhd’s full ownership of Tera Sdn Bhd is expected to solidify the group’s existence in the renewable energy (RE) space, says Kenanga Research.

OILS & FATS
29-12-2022

Bursa rebound for banking, plantation stocks today?

28/12/2022 (New Straits Times), Kuala Lumpur - There should be some rebound for banking stocks on Bursa Malaysia today after suffering a sell-down yesterday, Rakuten Trade said.

OILS & FATS
29-12-2022

Kim Loong sees stronger growth in FY23

28/12/2022 (The Star Online), Kuala Lumpur - Kim Loong Resources Bhd, which posted a net profit of RM36.74mil in the third quarter ended Oct 31 (3Q), expects to perform well and achieve a record high revenue and profit for the financial year ending January 31, 2023 (FY23).

MARKET DEVELOPMENT
28-12-2022

Malaysia's Dec 1-25 palm oil exports fall 0.8% -ITS

26/12/2022 (Nasdaq), Kuala lumpur - Exports of Malaysian palm oil products for December 1-25 fell 0.8% to 1,262,147 tonnes from 1,272,721 tonnes shipped during November 1-25, cargo surveyor Intertek Testing Services said on Monday.

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