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OILS & FATS
30-09-2022

Massive drop in ghee, cooking oil prices expected

29/09/2022 (Geo TV) - ISLAMABAD: With a reduction in palm oil prices in the international market by 35%-40%, the ministry of industries has informed the National Price Monitoring Committee (NPMC) that they are expecting a Rs20 per kg decrease in the price of ghee and cooking oil in a month.

MARKET DEVELOPMENT
29-09-2022

Palm hits lowest in over 1-1/2 years as recession fears dent demand

28/09/2022 (The Edge Markets), Jakarta - The Malaysian palm oil futures on Wednesday (Sept 28) extended losses for a fifth straight day, and hit a near 20-month low during the session, as recession fears hurt demand in edible oils market.

OILS & FATS
29-09-2022

Kim Loong’s 2Q net profit rises 37%, supported by higher palm oil prices

28/09/2022 (The Edge Markets), Kuala Lumpur - Kim Loong Resources Bhd’s net profit grew 37.4% to RM49.67 million for the second quarter ended July 31, 2022 (2QFY23), from RM36.15 million a year earlier, on the back of higher palm oil prices.

OILS & FATS
29-09-2022

INDONESIA PLANS CRUDE PALM OIL REFERENCE PRICE OF $792.19/T FOR OCT 1-15 -OFFICIAL

28/09/2022 (Reuters) - JAKARTA, Sept 28 (Reuters) - Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, deputy coordinating economic minister Musdhalifah Machmud told Reuters on Wednesday, down from the $846.32 per tonne for Sept. 16-30.

MARKET DEVELOPMENT
29-09-2022

Palm oil may retest support at 3,427 ringgit

28/09/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 3,427 ringgit per tonne, a break below which could open the way towards 3,288-3,360 ringgit range.

OILS & FATS
29-09-2022

Northeast Biodiesel begins recycling used cooking oil to produce fuel

28/09/2022 (wwlp.com), GREENFIELD, Mass. (WWLP) – Northeast Biodiesel will start production at a facility in Greenfield Wednesday.

MARKET DEVELOPMENT
28-09-2022

CPO slumps after price warning from analyst

27/09/2022 (The Star Online), Jakarta - Malaysian palm oil futures are down more than 8% as they hit their lowest in 15 months, after a leading industry analyst warned that prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.

OILS & FATS
28-09-2022

Palm oil extends slump to post longest losing streak since July

27/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil extended its retreat to cap the longest run of daily losses in almost three months, dragged down by weakness in energy prices and concerns about a global slowdown that could curb edible oil demand.

OILS & FATS
28-09-2022

Palm pares some losses, bearish price outlook weighs

27/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures recouped some losses as crude oil and US soy oil rebounded but still ended Tuesday (Sept 27)’s afternoon trade lower, as concerns of higher output and soft demand for the rest of the year remained.

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