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CPO prices seen at RM4,400-RM4,600 on tighter supply
CPO Futures End Higher, Tracking Stronger Soybean Oil Prices
Malaysia’s total palm oil stocks rise 7.48% to 2.82 million tonnes in August — MPOB
Palm retreats from 21-month high on stock outlook, weak exports
Palm oil hits two-month high as Indonesia raises reference price
01/11/2022 (The Edge Markets) - Palm oil closed at its highest level in more than two months after top grower Indonesia extended an export levy waiver for the crude variety, but raised the reference price.
Voluntary standards needed for palm oil supply chains
01/11/2022 (Asia Times) - All eyes are on Indonesia ahead of the Group of Twenty leaders’ summit in November. The gathering will bring together the world’s major economic players, representing two-thirds of the world’s population and three-quarters of international trade. This makes it a critical platform to advance sustainable practices in business and, in particular, greater respect for human rights across all areas of business.
India increases palm oil import tariffs by 6-11%
01/11/2022 (CNBC TV 18) - After a long buzz, the government decided to increase palm oil import tariffs by 6-11 percent. The decision comes as a part of the government's effort to help farmers who are reeling from lower oilseed prices.
Establishment of TCDA crucial for development of palm oil industry – Proforest
01/11/2022 (Business Ghana) - Ghana has developed a number of initiatives to promote the palm oil industry under the African Palm Oil Initiative (APOI) which has been evolved to Africa Sustainable Commodity Initiative (ASCI)
Mechanisation in Malaysia’s oil palm plantation sector addresses dependency on foreign labour, says deputy minister
01/11/2022 (Malay Mail) - The development of mechanisation in the oil palm plantation sector needs to be improved within three to five years as the best alternative in reducing the dependence on foreign labour, which has become increasingly critical recently.
Indonesia extends palm oil export levy waiver up to ref price of $800/T
01/11/2022 (Hellenic Shipping News) - Indonesia said on Monday it has extended until the end of this year its policy of waiving a palm oil export levy, unless the palm oil reference price breaks $800 per tonnes, the economic ministry said.
Ongoing supply risk, improving demand brightens prospects for CPO prices — IOI CEO
31/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) prices are expected to be continuously supported by supply constraints and its price competitiveness against other edible oils in 2023, amid unfavourable geopolitical development in Russia and Indonesia’s palm oil export friendly policies, according to a senior executive in the sector.
VEGOILS-Palm rises over 4% after Russia pulls out of Black Sea export corridor
31/10/2022 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped more than 4% on Monday, rebounding from last week's losses after Russia withdrew from a Black Sea export deal, which may hurt global grain and sunflower oil supplies.
Palm ends higher after Russia pulls out of Black Sea export corridor
31/10/2022 (Business Recorder) - KUALA LUMPUR: Malaysian palm oil futures closed higher on Monday, rebounding from last week’s losses after Russia withdrew from a Black Sea export deal, jeopardising global grain and sunflower oil supplies.
