|
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
CPO to continue trade sideways in 4Q22
13/09/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) prices are expected to trade sideways at around RM3,500-RM4,000 per tonne towards year-end, benefiting from the price disparity between CPO and soybean oil (SBO), which is currently at around US$477 (RM2,150) per tonne.
Strong buying from India propel CPO futures to end higher
13/09/2022 (The Edge Markets) - Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) extended its upward trend on Tuesday given strong buying activities from India amid low stocks.
India's palm oil imports from Malaysia up 49% in August
13/09/2022 (The Edge Markets), New Delhi - India imported 353,556 tonnes of palm oil from Malaysia last month, up 49% from July 2022, as its overall edible oil imports grew 14% month-on-month.
CPO inventory soars on better production
14/09/2022 (The Star Online), Petaling Jaya - Earnings of plantation companies have likely peaked in the second quarter of 2022 (2Q22) as the average crude palm oil (CPO) price of RM4,116 per tonne in July-August is more than one-third lower compared with 2Q22.
Malaysia's palm oil output to improve fuelled by foreign labour intake
13/09/2022 (New Straits Times), Kuala Lumpur - MIDF Research expects palm oil production to improve further subsequent to positive development of foreign labour intake particularly from Indonesia.
India's August palm oil imports jump 87% m/m to 11-month high
13/09/2022 (The Edge Markets), Mumbai/Bengaluru - India's palm oil imports in August jumped 87% from a month ago to the highest level in 11 months, as a sharp drop in prices prompted refiners to ramp up purchases, a leading trade body said on Tuesday.
India’s palm oil imports from Malaysia up 49pc in August 2022
13/09/2022 (Malay Mail), Delhi - India imported 353,556 tonnes of palm oil from Malaysia last month, up 49 per cent from July 2022, as its overall edible oil imports grew 14 per cent month-on-month.
