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OILS & FATS
27-12-2022

EU continues import of palm oil presumed not associated with deforestation and forest degradation

26/12/2022 (Scand Asia) - The European Union in Malaysia drawed attention to Michalis Rokas, European Union Ambassador to Malaysia, expressing his views on EU’s decision not to ban import of palm oil. The statement was released by Free Malaysia Today.

OILS & FATS
27-12-2022

RSPO faces challenges of post-pandemic palm oil

23/12/2022 (Eco Business) - “With the way the environment is being destroyed, the way climate change is happening, the way we travel, the way we consume, it’s just a matter of when the next pandemic will happen.”

MARKET DEVELOPMENT
27-12-2022

CPO to stay above RM4,000 per tonne over next few months, says HLIB

23/12/2022 (New Straits Times) - Crude palm oil (CPO) price will likely sustain at above RM4,000 per tonne over the next few months, possibly until the first quarter (Q1) of 2023, Hong Leong Investment Bank Bhd (HLIB) said.

OILS & FATS
27-12-2022

Awaiting legal basis for red cooking oil factory establishment

26/12/2022 (Antara News), Jakarta - The construction of a red cooking oil factory, which was set for early 2023 in Deli Serdang, North Sumatra, is still pending as a legal basis for its establishment is yet to be formulated.

OILS & FATS
27-12-2022

Govt to plant 100,000 hectares of oil palm

23/12/2022 (Monitor) - The government has unveiled a plan to plant at least 100,000 hectares of oil palm to meet the increasing demand for edible oils and also substitute imports. The government is also targeting to increase the growth of sunflower, sesame, and soya beans.

MARKET DEVELOPMENT
27-12-2022

Palm oil may test support at 3,806 ringgit

23/12/2022 (Business Recorder) - Palm oil may test a support at 3,806 ringgit per tonne, with a good chance of breaking below this level and falling into 3,721-3,762 ringgit range.

OILS & FATS
27-12-2022

Oil palm growers to petition government for help to seed prices

26/12/2022 (Thai PBS World) - Oil palm growers across Thailand plan to submit simultaneous petitions to authorities in each province, seeking government help to boost the prices of raw oil palm seed, which have fallen to an average of 4 baht/kg.

OILS & FATS
23-12-2022

UPDATE 2-INDONESIA'S 2022 PALM OIL EXPORTS SEEN AT 34.67 MLN TONNES - PALM OIL FUND

22/12/2022 (Succesful Farming), Jakarta - Indonesia's 2022 palm oil exports are estimated at 34.67 million tonnes, down from last year's 37.78 million tonnes, partly due to a temporary export stoppage in April, the chief executive of its palm oil fund (BPDPKS) said on Thursday.

OILS & FATS
23-12-2022

Indonesia plans to boost biodiesel mandate to 35 percent

23/12/2022 (The Western Producer) - Indonesia’s palm oil production is forecast to rise three percent to 48.1 million tonnes in 2023, and exports are forecast at 33.5 million tonnes, an eight percent increase. However, that would likely drop if the government followed through with its plan to increase the biodiesel mandate. | Reuters/Antara Foto Agency photo The higher mandate would likely increase palm oil use domestically and decrease the amount that the country exports

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