|
Palm tracks gains in Dalian and Chicago rival oils, stronger crude
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
Malaysia end-Sept palm oil stocks hits highest in nearly three years
11/10/2022 (The Edge Markets) - Malaysia's end-September palm oil inventories ballooned to the highest in nearly three years, as a pickup in production offset strong exports, data from the nation's palm oil board showed on Tuesday (Oct 11).
Higher palm oil prices augur well for Kim Loong
11/10/2022 (The Star Online), Petaling Jaya - Following record earnings in the second quarter ended July 31, 2022 (2Q), Kim Loong Resources Bhd expects a better financial year 2023 (FY23) on the back of higher palm oil prices and improving fresh fruit bunch (FFB) production.
High inventory weigh down CPO futures prices on Oct 11
12/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives snapped last week’s winning streak and finished easier on Tuesday (Oct 11), after an official crop report showed that the inventory level is high, palm oil trader David Ng said.
MPOB: CPO stocks rises 24.76% in September 2022
11/10/2022 (The Star Online), Kuala Lumpur - Malaysia’s crude palm oil (CPO) stocks for September 2022 rose 24.76 per cent to 1.28 million tonnes from 1.03 million tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB).
Palm oil may rise to 3,919-4,008 ringgit range
11/10/2022 (Business Recorder), Singapore - Palm oil may rise to a range of 3,919 ringgit to 4,008 ringgit per tonne, as it has broken a falling trendline and the upper trendline of a small wedge.
Palm falls over 3%, end 7-day rally on higher inventory
11/10/2022 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures slumped on Tuesday, ending a seven-day rally due to higher end-September stocks and slowing early October exports.
10/10/2022 (Business Recorder), Singapore - Palm oil may rise to a range of 3,919-4,008 ringgit per tonne, as it has broken a falling trendline and the upper trendline of a small wedge.
War in Ukraine could have lasting impact on oilseed markets
10/10/2022 (All About Feed) - Effects of the reduction in sunflower, oilseeds and soyabean crops being produced in Ukraine due to the ongoing war came under the spotlight at an Agriculture and Horticulture Development Board (AHDB) webinar last week.
September deluge stalls kharif harvesting, damages crops
11/10/2022 (The Economic Times, India Times) - Excessive rains this month have stalled harvests of main kharif crops like maize, paddy and soyabean and affected their quality, which will likely reduce the returns for farmers, said traders and experts. "The impact of this untimely rain will not be good for the standing crop. The quality will go down and the colour will change. The marketing edge will be lost," said agriculture expert Devinder Sharma. It can also delay sowing for the next season, especially of wheat and potato.
