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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
Curse of a wet La Nina
05/09/2022 (The Star Online), Alor Setar - Millions of jungle tree seedlings to replace those felled by loggers cannot be planted – no thanks to incessant rain from a wet La Nina year that has made the hilly logging trails too slick with mud to be used safely.
With the heavy rain comes issues
05/09/2022 (The Star Online) - Continuous and heavy rains coupled with the steep increase in production costs have significantly impacted the yields of fruits and vegetables around the country, say farmers.
Indonesian, Japanese economic ministers discuss trade cooperation
04/09/2022 (Antara News) - Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto received Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi and they discussed trade and investment cooperation, Indo-Pacific Economic Framework (IPEF), and G20 Summit.
Plantation sector earnings have peaked — Analysts
04/09/20222 (The Borneo Post) - Plantation sector earnings have peaked, AmInvestment Bank Bhd (AmInvestment Bank) opines, following the second quarter of 2022 (2Q22) results which were largely within consensus but above the research firm’s expectations.
Malaysian palm oil futures drop
04/09/20222 (Business Recorder) - Malaysian palm oil futures on Friday were set for a 6.5% weekly loss as fresh Covid-19 curbs in top buyer China added to demand worries, with expectations of higher output in Malaysia weighing on prices further.
Surging price of palm oil sidelines Japanese power plant projects
04/09/2022 (The Asahi Shimbun) - With no end in sight to sky-high prices for palm oil, Japanese businesses have idled their power plants that burn it to generate electricity.
Indonesia’s farmers yet to benefit from crude palm oil levy waiver
05/09/2022 (Asia News), Jakarta - The extension of the crude palm oil (CPO) export levy waiver, despite being successful in stabilizing CPO prices, has proved to be less effective in resolving the chronic issue of falling fresh fruit bunch (FFB) prices, which the government has been trying to tackle for the past few months.
Palm oil output expected to drop due to acute labour shortages
02/09/2022 (The Star Online), Petaling Jaya - The palm oil industry is expecting a major hit in production as it’s pushed to a “breaking point†due to severe labour shortages.
Mid-sized oil palm planters in Sabah coming together for sustainability, a right move — MPOC
02/09/2022 (The Edge Matkets), Kuala Lumpur - The news that medium-sized oil palm producers in Sabah will soon adopt sustainable practices under the Malaysian Sustainable Palm Oil (MSPO) and Roundtable on Sustainable Palm Oil (RSPO) certification standards is a huge step in the right direction, the Malaysian Palm Oil Council (MPOC) said.
