|
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
VEGOILS-Palm extends gains on rival oils’ strength, weaker ringgit
23/08/2022 (Hellenic Shipping News) - Malaysia’s benchmark palm oil futures extended gains to a second session on Monday, helped by stronger vegetable oils, a weaker ringgit, and supportive export data.
Fitch Solutions maintains palm oil average price this year at 1,160 USD per ton
22/08/2022 (China.org.cn) - Fitch Solutions on Monday maintained its palm oil average price forecast this year at 5,200 ringgit (1,160 U.S. dollars) per ton, seeing a slight recovery in palm oil prices from its recent decline.
Getting more done with fewer workers
22/08/2022 (Free Malaysia Today), Petaling Jaya - The labour crunch that many industries in Malaysia face today has led some companies to automate their operations.
Fitch Solutions expects CPO prices to drop to RM4,000 per tonne in 2023; dip further in following years
22/08/2022 (The Edge Markets), Kuala Lumpur - Fitch Solutions Country Risk and Industry Research anticipates the current downward trend in crude palm oil (CPO) prices to continue in the next four years to a low of RM2,600 per tonne in 2026.
CPO futures to see profit-taking activity
22/08/2022 (The Star Online) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend downward this week on profit-taking activities.
Higher CPO, palm kernel drive TSH 2Q earnings to RM57 mil
22/08/2022 (The Edge Markets), Kuala Lumpur - TSH Resources Bhd’s net profit for the second quarter ended June 30, 2022 (2QFY22) rose 44.37% to RM57.34 million from RM39.72 million in the same period last year, as its palm product segment benefited from higher average selling prices of crude palm oil (CPO) and palm kernel (PK).
CPO futures end higher on Aug 22 on better demand
22/08/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives (BMD) closed higher on Monday (Aug 22) on better demand for the golden fruits.
VEGOILS-Palm extends gains on rival oils’ strength, weaker ringgit
23/08/2022 (Hellenic Shipping News) - Malaysia’s benchmark palm oil futures extended gains to a second session on Monday, helped by stronger vegetable oils, a weaker ringgit, and supportive export data.
