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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
Palm oil sets nine-month low on strong exports, bloated reserves
06/07/2022 (The Edge Markets), Singapore - Palm oil plummeted to the lowest since September, taking its losses to 15% since Friday, on top producer Indonesia's move to boost exports after a temporary ban and expectations of a jump in Malaysian stockpiles.
Indonesia raises palm oil export quota as farmers face 'emergency'
05/07/2022 (The Star Online), Jakarta - Indonesia has raised the palm oil export quota in a bid to cut soaring inventories of the edible oil, a Trade Ministry official said on Tuesday, as a council member in a plantation area warned farmers faced an "emergency" due to tumbling prices.
Malaysia end-June palm oil stocks hit 7-month high as exports drop
05/07/2022 (The Star Online), Kuala Lumpur - Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.
Felcra distributes RM153m in profits to 75,800 participants
06/07/2022 (The Malaysian Reserve) - FELCRA Bhd announced an interim distributable profit payment 1/2022 totalling RM153 million to its 75,800 participants nationwide this year.
MPIC steps up efforts to counter ‘anti-palm oil allegations, narratives’
06/07/2022 (The Borneo Post), Kuching - The Ministry of Plantation Industries and Commodities (MPIC) has to come to terms with a potentially steady decline of palm-based biofuel imports from the European Union (EU).
Malaysian palm oil exporters may face stiff competition in coming months, says PublicInvest
04/07/2022 (The Edge Markets), Kuala Lumpur - PublicInvest Research has maintained its “neutral†rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the world’s largest producing country.
MPIC to step up palm oil promotional efforts
05/07/2022 (The Malaysian Reserve) - THE Ministry of Plantation, Industries and Commodities (MPIC) will step up effort to promote palm oil before being “eliminated totally†as a European Union (EU) biofuel source in 2030.
Palm hits over 9-month low as Indonesia boosts exports
05/07/2022 (Business Recorder) - Malaysian palm oil futures extended losses on Tuesday to hit their lowest levels since September, dragged down by concerns that Indonesia’s larger export quota would further hurt demand for Malaysian palm oil amid high inventories.
Crude palm oil price likely to remain elevated
PETALING JAYA: The current contraction in the price of crude palm oil (CPO) is justifiable, given that it grew too fast compared with the previous year and seemingly has peaked as the market assesses the impact of the Russian-Ukraine war and inflation.
