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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
President reviews progress of red palm cooking oil research in Medan
07/07/2022 (Antara News), Jakarta - President Joko Widodo (Jokowi) visited the Palm Oil Research Center (PPKS) in Medan, North Sumatra, to monitor the progress of research on using red palm oil as cooking oil during a working visit to the province.
Crackdown on smuggling of cooking oil to intensify
07/07/2022 (The Star Online), Klang - The Domestic Trade and Consumer Affairs Ministry will intensify enforcement to curb the smuggling and misappropriation of subsidised cooking oil to neighbouring countries.
Volatile CPO price on high stock levels
07/07/2022 (The Star Online), Kuala Lumpur - High crude palm oil (CPO) stock levels have made prices volatile, with fears of the sharp price correction in commodities like wheat could trigger contract washouts and further exacerbate the price downtrend.
India’s July palm oil imports may surge to 10-month high
06/07/2022 (Free Malaysia Today), Mumbai - India’s palm oil imports in July are set to jump to the highest in 10 months because of a hefty correction in prices and as Indonesia allows more exports of the tropical oil, four dealers told Reuters.
Indonesia mulls more frequent setting of crude palm oil reference price
06/07/2022 (The Edge Markets), Jakarta - Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior Trade Ministry official said on Wednesday (July 6), aiming to adjust quicker to fast-changing international market prices.
CPO price expected to remain under pressure
06/07/2022 (Free Malaysia Today), Kuala Lumpur - Crude palm oil (CPO) prices are expected to remain under pressure in the near term and trade in the RM4,000-RM5,000 per tonne range.
Insight - The path to decarbonisation with certified sustainable palm oil
06/07/2022 (The Star Online) - THE urgency to decarbonise has never been greater. While crude palm oil prices are projected to trade at a healthy RM5,000 per tonne in the first half of 2022, palm oil’s climate impact – deforestation, draining of peat swamps, land clearance by burning, biodiversity loss – is less rosy.
Oil palm smallholders eager to shift to agroforestry
06/07/2022 (New Straits Times), Kota Kinabalu - Oil palm smallholders in Tongod district are keen to shift to agroforestry (cultivation of fruit and rubber trees), said Forever Sabah in a statement today upon the completion of a two-year pilot project.
Palm oil downstreaming main key in agro-based industries: Ministry
06/07/2022 (Antara News) - Expert staff of the Industry Ministry Andi Rizaldi stated that the program to downstream the palm oil sector was an important key in the downstream policy of agro-based industries.
