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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
Palm falls on weak rival oils, crude oil prices, April demand concerns
Elevated CPO price to stay for a while, says HLIB
KUALA LUMPUR: Crude palm oil (CPO) price will remain elevated for a while possibly into end of June, if not longer, according to Hong Leong Investment Bank Bhd (HLIB).
Some sectors of interest
THERE are two events that are going to add to shareholders' stock selection interest. Firstly, it is the runaway crude palm oil (CPO) prices. Secondly, it is the imminent reopening of Malaysia's borders on April 1.
VEGOILS-Palm oil jumps 4%, ends four-day losing streak on strong March exports
KUALA LUMPUR, March 16 (Reuters) - Malaysian palm oil futures climbed on Wednesday to end a four-session losing streak, as upbeat exports in the first half of March and a recovery in broader markets supported prices.
No plan to offer subsidy on edible oils, says govt
New Delhi: At a time when the prices of edible oils are on the rise, the consumers would have to cough up more to procure cooking oils for their daily needs as the government has made it clear that there is no plan to offer any subsidy on the essential item. In a written reply to a question asked by Trinamool Congress MP Sajda Ahmed, Union Minister of State for Consumer Affairs Sadhvi Niranjan Jyoti told Lok Sabha that the government has no proposal to offer subsidy on edible oils. It means consumers would have to buy edible oils at exorbitant prices. However, the minister maintained that the government monitors the retail and wholesale prices of 22 essential food commodities, including edible oils submitted by the 179 price monitoring centres that have been set up with Central assistance by state governments and UT Administrations across the country.
CPO futures rebound to end higher on March 16
KUALA LUMPUR (March 16): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives rebounded from Tuesday’s losses to end higher on Wednesday (March 16), driven by positive development on the global commodities market.
Indonesia’s cooking oil prices still high despite govt intervention
JAKARTA – Trade Minister Muhammad Lutfi’s concerted efforts over the past three months to keep the retail price ceiling of cooking oil to between Rp 11,500 (80 US cents) and Rp 14,000 per kilogram have been ineffective.
Indonesia to scrap caps on cooking oil price, introduce subsidy to ensure supply
JAKARTA: Indonesia will remove retail price caps for packaged cooking oil and will subsidise bulk sales to try to ensure supply at retail markets after previous price controls resulted in a scarcity, senior officials said on Tuesday.
Palm extends losses
KUALA LUMPUR: Malaysian palm oil futures dropped as much as 5.7% on Tuesday, extending losses to a fourth session, hampered by weaker crude prices and as surging COVID-19 cases in key buyer China raised worries about demand.
VEGOILS-Palm falls for fourth day as China's COVID surge stokes demand worries
KUALA LUMPUR, March 15 (Reuters) - Malaysian palm oil futures fell sharply on Tuesday, extending losses to a fourth session, as surging COVID-19 cases in key buyer China raised worries about demand amid expectations of higher domestic production.
