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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
Foreign labour shortage needs to be resolved soon, says National Recovery Council
31/10/2022 (The Edge Markets), Kuala Lumpur - The shortage of foreign workers needs be resolved soon, with arrivals of foreign labour into Malaysia being too few compared to the amount of levies already paid at RM713,890 for the approved quota of 467,223, said the National Recovery Council.
Stocks splutter, euro falls ahead of euro zone inflation data
31/10/2022 (The Edge Markets), London - Europe's stocks and main currencies fell on Monday ahead of upcoming euro zone inflation data, Fed, BOE and RBA rates hikes later in the week and as Russia's withdrawal from a Ukrainian grain transit pact sent wheat and corn prices higher.
A withdrawal from a grain deal could impact the growing global hunger crisis
31/10/2022 (Egypt Independent) - Russia’s decision to pull out of the UN-brokered agreement that guaranteed safe passage for ships carrying vital grain exports from Ukraine has sparked “grave concerns” over global food supply at a time when the world is already facing a growing hunger crisis.
CoP 27: Ghana, nine others renew commitment to protect forests and livelihoods
31/10/2022 (Ghana Business News) - Ghana and nine other African countries that account for about 25 per cent of the world’s tropical forest will sign the expanded declaration of the Africa Palm Oil Initiative (APOI) at the CoP 27 in Egypt in November.
VEGOILS-Palm oil tracks rivals lower, set for weekly loss
27/10/2022 (Nasdaq), Jakarta - Malaysian palm oil futures dropped on Friday, dragged lower by losses in rival edible oils, and were poised for a weekly drop amid concerns of sluggish demand.
Telangana’s ambitious palm oil strategy to help India reduce import
31/10/2022 (BBC News) - An 80km (49.7mile) road in Khammam district of the southern Indian state of Telangana is dotted with palm oil plantations on both sides.
Palm oil tracks rivals lower, posts 2.8% weekly drop
29/10/2022 (Hellenic Shipping News) - Malaysian palm oil futures on Friday tracked a slump in rival edible oils to post its biggest one-day drop in a month and logged a weekly loss amid concerns over sluggish demand.
Palm oil may fall into 4,001-4,071 ringgit range
28/10/2022 (Business Recorder), Singapore - Palm oil may break a support of 4,114 ringgit per tonne and fall into 4,001-4,071 ringgit range.
Resetting southeast Asia's climate agenda
30/10/2022 (The JordanTimes), Singapore - High inflation, rising interest rates, falling currencies and volatile energy prices, together with an economic slowdown and post-pandemic budget woes, may increase pressure on the ASEAN+3, the ten members of the Association of Southeast Asian Nations, together with China, Japan, and South Korea, to scale back efforts to mitigate climate risk. While this policy shift may make fiscal sense, it is a mistake that could have grave repercussions for the region and ultimately lead to slower economic growth and greater financial instability.
