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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?
Indonesia’s revocation of palm oil, mining permits marred by ‘maladministration’
10/05/2022 (Mongabay), Jakarta - The office of the Indonesian ombudsman says it has found indications of maladministration in the government’s decision to revoke hundreds of logging, plantation and mining permits across the country.
India wants a lot more Malaysian palm oil, offers countertrade that includes military equipment
10/05/2022 (The Edge Markets) - INDIA, which has been importing an average of just over three million tonnes of palm oil from Malaysia over the past five years, is keen to raise its annual imports from Malaysia by two million tonnes or about 67% over that five-year average, and is in talks with the Malaysian government to secure the additional supply via countertrade.
Planters expected to post better 1Q performance — CGS-CIMB
KUALA LUMPUR (May 9): Malaysian plantation companies are expected to enjoy higher year-on-year (y-o-y) earnings for the first quarter of 2022 (1Q22), on the back of higher crude palm oil (CPO) prices, said CGS-CIMB Securities Sdn Bhd.
Cooking oil up RM10, trade group fears more increases
PETALING JAYA: The price of some brands of cooking oil has gone up by as much as RM10 for a 5kg bottle, says a retailers’ association.
Malaysia's April palm oil exports fell 17.1 pct –SGS
SINGAPORE, May 9 (Reuters) - Exports of Malaysian palm oil products for April fell 17.1 percent to 1,103,093 tonnes from 1,331,400 tonnes shipped during March, cargo surveyor Societe Generale de Surveillance said on Monday.
Palm oil may end fall in support zone of 6,190-6,290 ringgit
SINGAPORE: Palm oil may end its fall in a support zone of 6,190-6,290 ringgit, and then test a resistance at 6,602 ringgit a tonne.
No soybean oil in stores yet
Most of the groceries in the city are out of soybean oil, except for a few big shops in the essential commodity markets, even though the government raised its price to Tk198 on Sunday--a record price hike of Tk38 per litre of soybean oil.
Explainer: Why edible oil price is skyrocketing
The price of bottled soybean oil in Bangladesh has reached a record high of Tk198 per liter, stirring anger and dissatisfaction at the mass consumer level as the price was increased several times before the beginning of Ramadan as part of a tradition to bag extra profits. In the current volatile state of the oil market, low- and middle-income people are facing unbearable sufferings.
Tanzania plans to end sugar, edible oil imports by 2025
DAR ES SALAAM, May 9 (Xinhua) -- The government of Tanzania on Monday announced plans aimed at ending sugar and edible oil imports by 2025.
