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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
India’s soymeal exports to jump as drought curbs Argentine supply – industry officials
India’s soymeal exports could more than double in the 2022/23 marketing year, as drought in top exporter Argentina lifted global prices, prompting buyers to turn to the south Asian country with cheaper rates, four industry officials told Reuters.
Indonesia and oil palm producing nations in fury over EU vote on deforestation regulation
This week, the EU Deforestation Regulation text was approved by the EU Parliament Environmental Committee (ENVI).
China to boost soybean self-sufficiency to diversify, stabilize supplies amid market recovery: MOA
China's Ministry of Agriculture and Rural Affairs (MOA) met on Thursday with soybean industry participants, urging them to boost domestic cultivation, production and sales to further stabilize supplies of soybean, an important strategic good, as the nation expects a market rebound.
Update 1-Russia Proposes Hiking Soy Export Tariff - Head Of Producer Group
MOSCOW, Jan 19 (Reuters) - Russia's agriculture ministry is proposing to raise export tariffs on soybeans from 20% to 50% to stimulate domestic processing capacity in the country's Far East, the head of its oil and fat producers' union told Reuters on Thursday.
Indonesian buy-in essential for greater export ban impact
19/01/2023 (Free Malaysia Today), Petaling Jaya - Deputy prime minister Fadillah Yusof’s threat to stop selling palm oil to the EU will have a greater impact if Indonesia cooperates, according to an economist.
VEGOILS-Palm oil gains on rival oils, crude strength
18/01/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures rebounded on Wednesday, tracking strength in crude and rival edible oils, although talks of key buyer India weighing higher import duties limited the advance.
ASEAN should use its economic leverage over Myanmar’s junta
18/01/2023 (East Asia Forum) - ASEAN member states should consider using economic pressure to influence the behaviour of the ruling military junta in Myanmar. Myanmar is one of the least developed countries in ASEAN, which has created an asymmetric relationship between Myanmar and other ASEAN member states. This gap creates the opportunity for ‘weaponised interdependence’, through which stronger ASEAN member states can leverage their position to influence less developed members.
Malaysia’s trade hits new high in 2022, tops RM2 trillion again
18/01/2023 (The Sun Daily), Petaling Jaya - Malaysia’s trade soared to a new high in 2022, surpassing RM2 trillion for the second consecutive year and registered the fastest growth since 1994.
Our external balance
19/01/2023 (The Jakarta Post) - Indonesian exports, which generated about US$54.5 billion in trade surplus last year, up by 50 percent from 2021, are widely predicted to decline this year due to the weakening commodity market as the risks of economic recession have pressed down global demand for goods.
