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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 may hover below 4,071 ringgit
19/10/2022 (Business Recorder), Singapore - Palm oil faces a resistance at 4,071 ringgit per tonne, it may hover below this level or retrace towards a support zone of 3,924 ringgit to 3,958 ringgit.
Indrawati: US oil price cap effort may backfire
20/10/2022 (The Malaysian Reserve) - THE Biden administration’s push to impose a price cap on Russian oil exports creates a precedent that could affect other commodities and may worsen global economic anxiety, said Indonesian Finance Minister Sri Mulyani Indrawati.
UPS publishes Palm Oil Tocotrienols and Tocopherols Monograph
20/10/2022 (Nutritional Outlook) - The United States Pharmacopeia (New York; USP) has published the Palm Oil Tocotrienols and Tocopherols Monograph under Non-Botanical Dietary Supplements. According to the monograph, palm oil tocotrienols and tocopherols consist mainly of a mixture of alpha-, beta-, and gamma-tocotrienols and alpha-tocopherol derived from the oil from the mesocarp of fruits of Elaeisguineensis Jacq. Phytosterols and squalene are also naturally present in palm oil.
Palm oil climbs to seven-week high on flood fears in top growers
19/10/2022 (The Edge Markets), Kuala Lumpur - Palm oil advanced to the highest intraday level in seven weeks on worries that storms and floods in major growers could disrupt supply, while investors are also on alert for a potential import tax hike in top buyer India.
MPOC supports enforcement action against ‘No Palm Oil’ labels
19/10/2022 (The Sun) - The Malaysian Palm Oil Council (MPOC) has voiced its support for enforcement actions to be taken against supermarkets and outlets displaying and selling products with ‘No Palm Oil’ on their label and packaging.
India examining proposal to raise palm oil import tax
18/10/2022 (Malaysia Kini) - India is examining whether there is a need to raise palm oil import taxes, government and trade sources said, as part of efforts by the world's biggest vegetable oil importer to help millions of its farmers reeling from lower oilseed prices.
Varying sustainability standards polarize vegetable oil market
19/10/2022 (The Jakarta Post) - We are now seeing a gradual shift in the global perception of palm oil, which had been blamed as the main driver of deforestation in the past, toward the more balanced view that other vegetable oils and commodities are equally responsible for contributing to climate change and deforestation.
CPO futures continue to rise on expectation output would be lower due to bad weather
19/10/2022 (The Edge Markets), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives continued their upward momentum to end higher on Wednesday (Oct 19), on expectation that bad weather would result in lower output of the commodity, a dealer said.
Palm oil subsidy scheme to seek cabinet approval
20/10/2022 (Bangkok Post) - The Commerce Ministry plans to ask the cabinet shortly to approve the state-sponsored price guarantee scheme for palm oil farmers for the 2022/23 harvest season, while pledging to support crude palm oil exporters.
