|
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
Cooking oil shortage over in 2 months, says Annuar
PETALING JAYA: The anti-inflation task force is to take action to cut smuggling of subsidised cooking oil to neighbouring countries, panel chairman Annuar Musa said today.
China lockdowns overshadow palm oil outlook despite slow output
05/11/2022 (The Star Online), Nusa Jaya - The global outlook for palm oil remains uncertain, with strict pandemic policies in major importer China weighing on demand, while high energy prices and a slowdown in output provide support, leading industry analysts say.
Indonesia considering cutting palm oil export levy to spur shipments
08/07/2022 (The Star Online), Jakarta - Indonesia is considering cutting its palm oil export levy to encourage more shipments, a cabinet minister said on Thursday, another move to spur exports after a ban designed to protect domestic cooking oil supplies saw palm oil inventories swell.
Buyers are seeking to renegotiate palm oil contracts as CPO price slumps
07/07/2022 (The Edge Markets), Kuala Lumpur - The rapid fall in crude palm oil prices in the past month has prompted contract renegotiations between oil traders and buyers who are taking the deliveries now, as an increasing number of buyers declined to take delivery of the vegetable oil that were locked in previously at much higher prices.
Palm oil halts slump as China’s stimulus plan aids commodities
07/07/2022 (The Edge Markets) - Palm oil snapped a four-day losing streak as commodities including crude oil and metals jumped on China’s US$220 billion stimulus plan.
Palm oil stocks to reach 7-month high
07/07/2022 (The Malaysian Reserve) - MALAYSIA’S palm oil stocks are expected to rise by 10.5% month-on-month (MoM) to 1.68 million tonnes at the end of June 2022 due to higher output and lower exports, said CGS-CIMB Securities Sdn Bhd (CGS-CIMB Research).
Agencies told to find mechanism to reduce cooking oil retail price
07/07/2022 (The Star Online), Putrajaya - The special task force to address inflation has instructed agencies involved to find a mechanism to reduce the retail price of cooking oil following the decline in crude palm oil prices.
Remove additional tax burden on oil palm producers, MP tells govt
07/07/2022 (Free Malaysia Today), Petaling Jaya - The government has been urged to abolish two windfall taxes imposed on palm oil producers in the face of rising costs confronting the industry.
Indonesia sees B40 biodiesel mix absorbing extra 2.5 million tonnes of palm oil
07/07/2022 (Today Online), Jakarta - Senior Indonesian minister Luhut Pandjaitan estimated on Thursday that an additional 2.5 million tonnes of palm oil could be absorbed by the domestic market if the country raised the amount of palm oil in its biodiesel mix to 40per cent (B40).
