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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
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
Group lauds move to adjust unsubsidised cooking oil price
22/07/2022 (New Strait Times), Alor Star - The Consumers Association of Kedah (Cake) today lauded the move to adjust the retail price of unsubsidised cooking oil according to Crude Palm Oil (CPO) price movements.
Food sector to lead strong palm oil demand in 2022, says Zuraida
20/07/2022 (The Star Online), Kuala Lumpur - The demand for palm oil is expected to stay strong in 2022, especially in the food sector, with the reopening of economic sectors and international borders, says Datuk Zuraida Kamaruddin.
Malaysia says China's 2022 total palm oil imports likely lower
19/07/2022 (Channel News Asia), Kuala Lumpur - Malaysia's commodities minister on Tuesday (Jul 19) warned that its palm oil exports to China will continue to be affected by global economic challenges and overall imports in the world's second-largest buyer will likely decline.
China likely to increase Malaysian palm oil imports despite adversities
19/07/2022 (The Sun Daily), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that China will increase its palm oil imports despite the current global challenges.
Indonesia’s palm oil exports set to soar 60% in price blow
20/07/2022 (Free Malaysia Today), Jakarta - Palm oil shipments from Indonesia, the world’s biggest supplier, may surge more than 60% in second half of the year from the first six months as the government ramps up exports to reduce bloated inventories.
United Plantations 2Q earnings up 36% amid strong palm oil prices
20/07/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd net profit for the second quarter ended June 30 (2QFY22) grew 36% to RM184.63 million from RM135.79 million a year ago, amid elevated crude palm oil (CPO) prices.
Fitch Ratings Publishes Palm Oil Ratings Navigator Companion
21/07/2022 (Hellenic Shipping News) - Fitch Ratings has published a report providing additional descriptions of the key rating factors in the Palm Oil Navigator, which gives guidance on applying the concepts of the Corporate Rating Criteria to issuers in the sector.
Economists raise 2022 export forecasts after Malaysia's record 2Q showing
20/07/2022 (The Edge Markets), Kuala Lumpur - Malaysia's exports rose 38.8% year-on-year in June to RM146.16 billion, driven by strong demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas as well as palm oil and palm-oil based agriculture products, prompting economists to raise their full year 2022 export forecasts even as they caution of the possibility of slower growth momentum in the second half of 2022.
What is super normal profit?
21/07/2022 (New Strait Times) - IN micro economic theory, there is a term called supernormal profit. The term itself defines what it is — profit above the normal level.
