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Malaysia raises palm oil export duty for April
CPO Futures Close Lower Amid Weaker Crude Oil, Soybean Oil Prices
Middle East conflict boosts demand for alternative fuels
Can palm biodiesel provide quick relief for Malaysia amid Iran war?
CPO Export Ban Officially Lifted as Cooking Oil Supply Increases
TEMPO.CO, Jakarta - The government has officially lifted the crude palm oil (CPO) export ban today on Monday, May 23, which was announced by President Joko Widodo in a virtual press conference on May 19 last week.
Indonesia has no plan to reduce palm oil in biodiesel mix: Minister
DAVOS, Switzerland: Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30 per cent in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).
‘M’sia will not lose competitive edge as Indonesia resumes palm oil export’
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective today (May 23), will see a knee-jerk correction in palm oil price but not towards a big downward adjustment as the market is well aware that the ban was temporary.
Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports
KUALA LUMPUR, May 22 (Reuters) - Indonesia's resumption of palm oil exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.
Higher palm oil price boost for Sime Darby
PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21.
"SD Plantation offers defensive quality"
KUALA LUMPUR: Sime Darby Plantation Bhd (SD Plantation) offers defensive qualities such as land rich balance sheet and decent gearing, and is a beneficiary of food inflation as edible oils and fats prices have risen substantially compared to a year ago, Kenanga Research said.
Wheat extends fall, soybeans firm on export optimism
Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said.
Indonesia to reimpose local palm oil sales rule as it ends export ban
JAKARTA, May 22 (Reuters): Indonesia will reimpose a domestic sales requirement on palm oil, the government said on Friday, a day after the world's biggest producer of the key edible oil reversed a ban on its export.
Indonesia Lifts Palm Oil Export Ban in Relief to Global Market
19/05/2022 (Bloomberg) - Indonesia, the world’s biggest shipper of edible oils, lifted a ban on palm oil exports in a move that will bring relief to the global market after the war in Ukraine choked off critical supplies.
