|
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
China likely to increase Malaysian palm oil imports despite adversities
19/07/2022 (The Sun Daily), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) is optimistic that China will increase its palm oil imports despite the current global challenges.
Indonesia’s palm oil exports set to soar 60% in price blow
20/07/2022 (Free Malaysia Today), Jakarta - Palm oil shipments from Indonesia, the world’s biggest supplier, may surge more than 60% in second half of the year from the first six months as the government ramps up exports to reduce bloated inventories.
United Plantations 2Q earnings up 36% amid strong palm oil prices
20/07/2022 (The Edge Markets), Kuala Lumpur - United Plantations Bhd net profit for the second quarter ended June 30 (2QFY22) grew 36% to RM184.63 million from RM135.79 million a year ago, amid elevated crude palm oil (CPO) prices.
Economists raise 2022 export forecasts after Malaysia's record 2Q showing
20/07/2022 (The Edge Markets), Kuala Lumpur - Malaysia's exports rose 38.8% year-on-year in June to RM146.16 billion, driven by strong demand for electrical and electronic (E&E) products, petroleum products, liquefied natural gas as well as palm oil and palm-oil based agriculture products, prompting economists to raise their full year 2022 export forecasts even as they caution of the possibility of slower growth momentum in the second half of 2022.
What is super normal profit?
21/07/2022 (New Strait Times) - IN micro economic theory, there is a term called supernormal profit. The term itself defines what it is — profit above the normal level.
Govt optimistic China will increase palm oil imports
19/07/2022 (New Straits Times), Kuala Lumpur - China is expected to increase its palm oil imports despite the current global challenges, including the tight edible oil market.
Govt to monitor development after Indonesia scrapped palm oil export levy — deputy minister
19/07/2022 (The Edge Markets) - The government will monitor the development of the palm oil industry after Indonesia announced that it had scrapped its export levy for all palm oil products until Aug 31, 2022.
China likely to raise imports of Malaysia palm oil despite challenges, says Zuraida
19/07/2022 (The Edge Markets), Kuala Lumpur - The Ministry of Plantation Industries and Commodities (MPIC) on Tuesday (July 19) said it remains optimistic that China will increase its palm oil imports despite the current global challenges.
Malaysia won’t go bankrupt like Sri Lanka, finance minister tells MPs – even as its China palm oil exports tumble
19/07/2022 (South China Morning Post) - Malaysia is stable and isn’t at risk of going bankrupt like Sri Lanka, Malaysian Finance Minister Zafrul Aziz said, citing the International Monetary Fund’s prediction for the economy to expand 5.75 per cent this year as reason for confidence.
