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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
Reviving Oil Palm as Major Foreign Exchange Earner
The ban of crude palm oil and its derivatives exports by Indonesia, the world’s largest supplier of the commodity, should be music to the ears of investors in that line of business in Nigeria who eye the export market. Before the ban, palm oil and the refined products from it, were a major source of foreign earnings for that Asian country. In April 2020, a ton of Indonesian crude palm oil was fetching around $545 on the European and other markets. Two years later, that jumped to $1,700.
Edible oil body SEA meets Indonesian trade minister, seeks stable export policies for palm oil
Edible oil industry body The Solvent Extractors’ Association of India (SEA) has requested Indonesia to maintain stable export duties and levies besides trade policies related to palm oil to ensure less speculation on what stance the government might take.
Papua New Guinea appoints world's first coffee, palm oil ministers
Coffee is the country’s second-largest agricultural commodity after palm oil, accounting for 27 percent of all agriculture exports and six percent of the country’s GDP.
Palm oil in India: Rapid growth and competing health claims
25/08/2022 (China Dialogue) - Palm oil is now ubiquitous. Arguably the world’s most versatile oil, it is used as a preservative in a variety of foods and has a host of other applications in shampoos, cosmetics and even biofuels. Its prevalence is explained in part by the higher oil content of the palm fruit compared to other oil crops.
Malaysia's Ringgit toward 24-year low — What this means for edible oil prices
25/08/2022 (CBNC TV) - Malaysian ringgit ebbed to the lowest levels in five years against the dollar last week. As a result, it is set to pull down palm oil prices further aiding India’s fight against inflation. The Malaysian currency plunged to 4.4810 against the greenback on Friday — a level last seen in January 2017. On Thursday, ringgit fell to 4.47 vs the US dollar — last seen during the Asian financial crisis in early 1998.
Malaysia's Aug 1-25 palm oil exports fell 0.1 pct -SGS
25/08/2022 (Today Online), Singapore - Exports of Malaysian palm oil products for Aug. 1-25 fell 0.1 percent to 969,341 tonnes from 970,243 tonnes shipped during Jul. 1-25, cargo surveyor Societe Generale de Surveillance said on Thursday.
Godrej Agrovet to enter palm oil refining
25/08/2022 (Express Journal), Mumbai - Godrej Agrovet, the country’s largest oil palm cultivator and palm oil processor, is looking to set up two greenfield refining projects in Andhra Pradesh and Mizoram, which will help to reduce imports.
Palm oil neutral in 4,085-4,350 ringgit range
25/08/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 4,085-4,350 ringgit per tonne, and an escape could suggest a direction.
VP plants oil palm sprouts with 100 santris in Riau
25/08/2022 (Antara News), Pekanbaru - Vice President Ma'ruf Amin planted top-quality hybrid oil palm sprouts with 100 santris (students) from the Riau Technology Islamic Boarding School (Pesantren) on Sumatra Highway, Siak Hulu, Kampar district, Riau, on Thursday.
