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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
Indonesia plans extension of palm oil export levy waiver to year-end
04/10/2022 (The Star Online) - Indonesia, the world's biggest producer of palm oil, may extend an export levy waiver on the edible oil to the end of this year, its chief economic minister said on Tuesday.
MARC Ratings affirms SD Plantation's corporate credit, sukuk with stable outlook
04/10/2022 (New Straits Times), Kuala Lumpur - MARC Ratings Bhd has affirmed Sime Darby Plantation Bhd's (SD Plantation) corporate credit rating at AAA and its perpetual subordinated sukuk programme's rating of up to RM3.0 billion at AAIS.
BSN issues SNI on red palm cooking oil production
04/10/2022 (Antara News), Jakarta - Head of the National Standardization Agency (BSN), Kukuh S. Achmad, handed the Indonesian National Standard (SNI) document regulating red palm cooking oil production to the Cooperatives and Small and Medium Enterprises (SMEs) Ministry on Tuesday.
Palm oil falls below Rs 100/litre after 3 years, Soya and Mustard oil also become cheaper
04/10/2022 (News Track Live), New Delhi - The impact of the central government's policies regarding the import of palm oil is now visible in the market. After a long gap of three years, palm oil prices have reached below Rs 100 per litre. It is the effect of palm oil that the prices of soya oil and mustard oil are also continuously falling. However, the price of mustard oil on crusher machines is still above two hundred. Before the Corona epidemic, palm oil was around Rs 78 per litre in 2019. At the same time, the prices of soya oil were also below Rs 100 per litre. But, after some restrictions imposed by the Government on imports, the prices started increasing continuously.
MPOC urges public to report negative labelling of palm oil-based products
04/10/2022 (The Edge Markets), Kuala Lumpur - The Malaysian Palm Oil Council (MPOC) has urged Malaysians to tip off the council, should they come across any form of unfair practices or negative labelling of palm oil-based products.
Presence of products without palm oil label raises ire
04/10/2022 (Free Malaysia Today) - While Malaysia is fighting the anti-palm oil campaign in the west, products bearing labels stressing that they do not contain palm oil are found at retail outlets and supermarket shelves in the country, and that has the authorities quite peeved.
The case for Malaysian Sustainable Palm Oil
03/10/2022 (The Edge Markets) - Sustainability is a major point when discussing palm oil. As the most consumed vegetable oil in the world, palm oil’s consistent high-yield production attracts scrutiny from market competitors and observers alike for potential irregularities that may provide an unfair advantage. While unsurprising and rational, it has become an opportunity for discriminatory treatments against palm oil producers, putting their production practices into question.
Palm oil set for worst quarter in 14 years on bulging reserves
01/10/2022 (The Edge Markets) - Palm oil headed for its biggest quarterly plunge since 2008, as rising inventories in the world’s top growers and mounting concerns of a global economic recession outweighed recent robust exports.
World leading food producer Nestle to stop sourcing from Indonesian palm oil producer AAL
01/10/2022 (The Star Online) - Food giant Nestle plans to stop sourcing from subsidiaries of Astra Agro Lestari (AAL), a major Indonesian palm oil producer accused by environmental groups of land and human rights abuses.
