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Malaysia raises palm oil export duty for April
Middle East conflict boosts demand for alternative fuels
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
CPO futures fall below RM4,500 per tonne
23/06/2022 (New Straits Times) - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the sixth consecutive day today on subdued demand due to weak market sentiment.
Fertiliser and worker shortages to curb Malaysian palm oil output
23/06/2022 (The Edge Markets) - A hoped-for recovery in Malaysian palm oil output in the second half of the year is looking unlikely as the world’s second-biggest grower continues to struggle with shortages of fertilisers and workers.
Indonesian palm oil audit a chance to clean up ‘very dirty’ industry
23/06/2022 (Mongabay) - Activists have welcomed the Indonesian government’s announcement to carry out a nationwide audit of all palm oil companies operating here, in response to a shortage of cooking oil that has wracked the world’s top producer of palm oil.
Palm oil firm Kulim receives first post-pandemic migrant workers
23/06/2022 (The Star Online), Kulim - Kulim (M) Bhd has received its first "post-pandemic batch" of migrant workers, the palm oil planter said on Thursday, paving the way for more workers to enter Malaysia and help ease a severe labour crunch after bureaucratic hiccups.
Group slams palm oil conservation foundation for accusing environmentalists of being smear campaign lackeys
22/06/2022 (Malay Mail), Ipoh - Pertubuhan Sahabat Ekologi Perak (PSEP) today slammed the Malaysian Palm Oil Green Conservation Foundation's (MPOGCF) general manager Zamakhshari Muhamad for what it called baseless accusations against environmental organisations.
Johor state firm weighs IPO for US$1bil palm oil arm
22/06/2022 (Free Malaysia Today) - State-owned investment firm Johor Corp could seek to raise about RM1 billion in an initial public offering (IPO) of its plantation unit, according to people with knowledge of the matter.
Ukraine conflict hurting palm oil supplies
23/06/2022 (The Star Online), London - Sustainable palm oil is becoming harder to find as food manufacturers use it to replace sunflower oil sourced from Ukraine and to meet environmental goals, Ahold Delhaize's AD.AS CEO told Reuters.
'Negative perceptions of palm oil must stop to ensure competitiveness of exports'
22/06/2022 (New Straits Times), Kuala Lumpur - The Plantation Industries and Commodities Ministry today said negative perceptions of palm oil must be put to rest to ensure the competitiveness of exports in the long run.
PM: Govt may increase RM4 bil cooking oil subsidy allocation as palm oil prices rise
22/06/2022 (The Edge Markets), Kuala Lumpur - The government is still maintaining its subsidy for cooking oil with an allocation of RM4 billion for 2022, and this amount may increase if prices of palm oil increases further, according to Prime Minister Datuk Seri Ismail Sabri Yaakob.
