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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Palm retreats from 21-month high on stock outlook, weak exports
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm rebounds on low Indonesia stockpiles
17/04/2023 (Business Recorder), Jakarta - Malaysian palm oil futures recovered on Monday, on the back of a sharp drop in Indonesia’s February inventories, and a weaker Malaysian ringgit.
Palm oil may test resistance zone of 3,729-3,740 ringgit
17/04/2023 (Business Recorder), Singapore - Palm oil may test a resistance zone of 3,729-3,740 ringgit per tonne, a break above which could lead to a gain to 3,797 ringgit.
Domestic Trade Ministry sec-gen says ready to cooperate in cooking oil subsidy probe
16/04/2023 (The Star Online), Petaling Jaya - The Domestic Trade and Cost of Living Ministry is ready to cooperate with any party related to the alleged overpayment of RM9mil in cooking oil subsidies, says its secretary-general Datuk Azman Mohd Yusof.
Govt needs to approve additional subsidised cooking oil quota to ensure supply
15/04/2023 (The Star Online), Putrajaya - The government has to approve an additional quota of subsidised cooking oil for operational purposes and to ensure sufficient supply in the market, says the Domestic Trade and Cost of Living Ministry.
Ministry sec-gen says ‘not a suspect’ in cooking oil graft probe
16/04/2023 (Malay Mail), Kuala Lumpur - The secretary-general of the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) has clarified that he is not a suspect in the ongoing investigations into the alleged overspending on cooking oil subsidies last year.
No shortage of sugar, cooking oil and flour in Sandakan
14/04/2023 (Daily Express), Sandakan - The supply of sugar, subsidised packet cooking oil, and flour in the district is sufficient and there is no shortages or cut-off.
Subsidized cooking oil prioritized for low-income residents: President
13/04/2023 (Antara News), Jakarta - President Joko Widodo (Jokowi) has emphasized that MinyaKita, the subsidized cooking oil brand launched by the Trade Ministry, is being prioritized for low-income residents who need it the most.
Analysis: As ageing trees sap yields, Asian palm oil firms race to replant
14/04/2023 (Reuters), Kuala Lumpur - When palm oil prices soared to record highs last year, a Malaysian estate manager surnamed Lim postponed replanting his old, unproductive trees for a third consecutive year to lock in profits - a decision he regrets and is scrambling to fix.
Palm oil stockpile likely to remain low in near term
12/04/2023 (The Star Online), Petaling Jaya - The outlook for crude palm oil (CPO) has brightened over the past month with a pick up in exports following poorer Latin American soyabean harvest.
