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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Palm falls on weak rival oils, crude oil prices, April demand concerns
Palm oil neutral in 4,085-4,350 ringgit range
25/08/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 4,085-4,350 ringgit per tonne, and an escape could suggest a direction.
VP plants oil palm sprouts with 100 santris in Riau
25/08/2022 (Antara News), Pekanbaru - Vice President Ma'ruf Amin planted top-quality hybrid oil palm sprouts with 100 santris (students) from the Riau Technology Islamic Boarding School (Pesantren) on Sumatra Highway, Siak Hulu, Kampar district, Riau, on Thursday.
Oriental Holdings 2Q net profit jumps to RM137m, proposes 20 sen dividend
26/08/2022 (The Edge Markets) - Oriental Holdings Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) jumped by nearly four times to RM136.81 million or 22.05 sen per share from RM34.93 million or 5.63 sen per share a year ago, on higher share profit of its associates.
Palm oil in India: Rapid growth and competing health claims
25/08/2022 (China Dialogue) - Palm oil is now ubiquitous. Arguably the world’s most versatile oil, it is used as a preservative in a variety of foods and has a host of other applications in shampoos, cosmetics and even biofuels. Its prevalence is explained in part by the higher oil content of the palm fruit compared to other oil crops.
Malaysia's Ringgit toward 24-year low — What this means for edible oil prices
25/08/2022 (CBNC TV) - Malaysian ringgit ebbed to the lowest levels in five years against the dollar last week. As a result, it is set to pull down palm oil prices further aiding India’s fight against inflation. The Malaysian currency plunged to 4.4810 against the greenback on Friday — a level last seen in January 2017. On Thursday, ringgit fell to 4.47 vs the US dollar — last seen during the Asian financial crisis in early 1998.
Godrej Agrovet to enter palm oil refining
25/08/2022 (Express Journal), Mumbai - Godrej Agrovet, the country’s largest oil palm cultivator and palm oil processor, is looking to set up two greenfield refining projects in Andhra Pradesh and Mizoram, which will help to reduce imports.
Papua New Guinea appoints world's first coffee, palm oil ministers
25/08/2022 (TRT World) - Coffee is the country’s second-largest agricultural commodity after palm oil, accounting for 27 percent of all agriculture exports and six percent of the country’s GDP.
