|
CPO prices seen at RM4,400-RM4,600 on tighter supply
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 slips over 1% on weaker soyoil, bearish MPOB data
Massive drop in ghee, cooking oil prices expected
29/09/2022 (Geo TV) - ISLAMABAD: With a reduction in palm oil prices in the international market by 35%-40%, the ministry of industries has informed the National Price Monitoring Committee (NPMC) that they are expecting a Rs20 per kg decrease in the price of ghee and cooking oil in a month.
Palm hits lowest in over 1-1/2 years as recession fears dent demand
28/09/2022 (The Edge Markets), Jakarta - The Malaysian palm oil futures on Wednesday (Sept 28) extended losses for a fifth straight day, and hit a near 20-month low during the session, as recession fears hurt demand in edible oils market.
Kim Loong’s 2Q net profit rises 37%, supported by higher palm oil prices
28/09/2022 (The Edge Markets), Kuala Lumpur - Kim Loong Resources Bhd’s net profit grew 37.4% to RM49.67 million for the second quarter ended July 31, 2022 (2QFY23), from RM36.15 million a year earlier, on the back of higher palm oil prices.
INDONESIA PLANS CRUDE PALM OIL REFERENCE PRICE OF $792.19/T FOR OCT 1-15 -OFFICIAL
28/09/2022 (Reuters) - JAKARTA, Sept 28 (Reuters) - Indonesia plans to set its crude palm oil reference price at $792.19 per tonne for the Oct. 1-15 period, deputy coordinating economic minister Musdhalifah Machmud told Reuters on Wednesday, down from the $846.32 per tonne for Sept. 16-30.
Palm oil may retest support at 3,427 ringgit
28/09/2022 (Business Recorder), Kuala Lumpur - Palm oil may retest a support at 3,427 ringgit per tonne, a break below which could open the way towards 3,288-3,360 ringgit range.
Northeast Biodiesel begins recycling used cooking oil to produce fuel
28/09/2022 (wwlp.com), GREENFIELD, Mass. (WWLP) – Northeast Biodiesel will start production at a facility in Greenfield Wednesday.
CPO slumps after price warning from analyst
27/09/2022 (The Star Online), Jakarta - Malaysian palm oil futures are down more than 8% as they hit their lowest in 15 months, after a leading industry analyst warned that prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand.
Palm oil extends slump to post longest losing streak since July
27/09/2022 (The Edge Markets), Kuala Lumpur - Palm oil extended its retreat to cap the longest run of daily losses in almost three months, dragged down by weakness in energy prices and concerns about a global slowdown that could curb edible oil demand.
Palm pares some losses, bearish price outlook weighs
27/09/2022 (The Edge Markets), Jakarta - Malaysian palm oil futures recouped some losses as crude oil and US soy oil rebounded but still ended Tuesday (Sept 27)’s afternoon trade lower, as concerns of higher output and soft demand for the rest of the year remained.
