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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
Malaysia end-July palm oil stocks seen at 8-month high as output rises
04/08/2022 (The Star Online) - KUALA LUMPUR: Malaysia's palm oil inventories at end-July likely jumped to the highest in eight months due to improving production and soaring imports, a Reuters survey showed on Thursday.
MPOB to study two-tier pricing system for palm cooking oil
04/08/2022 (The Edge Markets), Kuala Lumpur - The Special Task Force on Jihad Against Inflation on Thursday has requested the Malaysian Palm Oil Board to conduct two further studies including one on a two-tier pricing system for palm cooking oil.
CPO output seen to grow by 2.8% in July compared to June: CGS-CIMB
04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia’s crude palm oil (CPO) output is expected to grow by 2.8% month-on-month (m-o-m) and 4.3% year-on-year (y-o-y) to 1.59 million tonnes in July 2022, said CGS-CIMB Securities Sdn Bhd.
Malaysia pledges to help India meet its palm oil demand
04/08/2022 (The Sun Daily), Kuala Lumpur - Malaysia is prepared to meet India’s demand for palm oil in light of potentially inconsistent supply from Indonesia as a result of changes in palm oil export policy, which have created market uncertainty for major importing countries.
Palm oil may test support at 3,717
04/08/2022 (Business Recorder), Singapore - Palm oil may test a support at 3,717 ringgit per tonne, a break below could open the way towards 3,489-3,598 ringgit range. The contract started a bounce earlier than expected, which was supposed to occur around 3,717 ringgit.
Towards self-reliance in edible oils
04/05/2022 (The Hindu Business Line) - India is the second largest edible oil market in the world. It consumes, on an average, 21 million tonnes (mt) of edible oil each year, of which, 7-8 mt are produced locally, while 13 mt — that is, 66-68 per cent — are imported. This makes India the No.1 importer, with close to $18 billion outflow last year.
Three to five years before automation bears fruit, says MPOC chairman
04/08/2022 (The Star Online), Petaling Jaya - It will take some three to five years before plantation stakeholders who invested in automation could see the potential outcome, says Malaysian Palm Oil Council (MPOC) chairman Larry Sng.
