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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
Zuraida: Malaysia's palm oil potential remains intact despite softening CPO prices
09/08/2022 (The Edge Markets), Kuala Lumpur - Malaysia’s palm oil potential remains intact despite softening crude palm oil (CPO) prices, and its prospects remain bright in the second half of 2022 (2H22), according to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin.
CPO price to trade range-bound in near term
09/08/2022 (The Star Online), Kuala Lumpur - The price of crude palm oil (CPO) could trade in a range-bound level after a steep correction from a peak in June, research house UOB Kay Hian Research’s (UOBKH) says.
Palm climbs nearly 5% as rival oils strengthen
08/08/2022 (Hellenic Shipping News) - Malaysian palm oil futures jumped 4.9% on Monday, erasing some sharp losses recorded last week, as markets tracked gains in rival Dalian and Chicago oils.
Weak ringgit has its strengths
08/09/2022 (The Star Online) - A weaker ringgit is not the main determining factor of export competitiveness and it does not always work in favour of export-oriented industries.
CPO futures close higher on Aug 8, tracking soybean oil gains on CBOT
09/08/2022 (The Edge Markets) - Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher on Monday (Aug 8), tracking gains on the Chicago Board of Trade (CBOT), a dealer said.
Kulim set plans to construct palm-fibre oil extraction plant in Johor
08/08/2022 (New Straits Times), Kuala Lumpur - Kulim (Malaysia) Bhd (KULIM), through its plantation subsidiary, Mahamurni Plantations Sdn Bhd (MPSB), will build its palm-fibre oil extraction (PFOE) plant in Sedenak palm oil mill in Johor.
Cooking oil: 17% of traders selling below maximum price
08/08/2022 (The Sun Daily), Kuala Lumpur - The majority of traders are complying with the maximum price set for palm cooking oil in bottles with 17 per cent of them selling it below the maximum price, according to the chairman of the Special Task Force on Jihad Against Inflation Tan Sri Annuar Musa.
Slow sale for 5kg bottles of cooking oil
08/08/2022 (New Straits Times), Kuala Lumpur - Supermarkets in the Klang Valley have begun enforcing the ceiling price of RM34.70 for 5kg bottled cooking oil.
