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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
Indonesia looks to raise palm oil export quota
JAKARTA (July 2): Indonesia proposed raising palm oil export quotas on Friday and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices for farmers at a time when domestic palm oil inventories are high, a senior minister said on Saturday.
Sabah to plug loopholes in tax collection from palm oil mills
KOTA KINABALU: Sabah moved to tighten loopholes in the collection of state sales tax (SST) after graft investigators found that palm oil mills were evading millions of ringgit in taxes.
Palm oil falls 4% on recession fears, higher supply outlook
Malaysian palm oil futures fell 4% on Friday as recession fears sank edible oils, with a higher supply outlook further denting sentiment.
CPO futures forecast to trade with downside bias next week
KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trend lower next week on profit-taking activities.
Higher biodiesel mandate in Indonesia medium-term positive for Indonesian biodiesel producers: CGS-CIMB
The planned higher biodiesel mandate in Indonesia will be medium-term positive for Indonesian biodiesel producers such as Wilmar International, Golden Agri-Resources and First Resources, said CGS-CIMB Research analysts Ivy Ng Lee Fang and Nagulan Ravi.
Licences of palm oil millers will be revoked if they refuse to resume operations, says Wee Jeck Seng
30/06/2022 (The Star Online), Petaling Jaya - Palm oil millers that have stopped buying fresh fruit bunches (FFB) risk having their operating licence suspended, says the Plantation Industries and Commodities Ministry.
Palm oil millers warned of licence suspension after halting operations
30/06/2022 (Free Malaysia Today), Petaling Jaya - Palm oil millers who ceased operations due to the sharp fall in edible oil prices have been issued letters of reminder to continue operations or face action for failing to comply with the terms of their licences.
MPOB issues letter of reminder after palm oil manufacturers stop ops
30/06/2022 (The Star Online), Kuala Lumpur - The government through the Malaysian Palm Oil Board (MPOB) today issued a letter of reminder to palm oil manufacturers following the cessation of operations after the sharp fall in edible oil prices.
Palm oil climbs as Indonesia considers raising biodiesel mandate
01/07/2022 (The Edge Markets), Singapore - Palm oil resumed an advance as top producer Indonesia considers a plan to increase its biodiesel mandate, a move aimed at slashing its fuel import costs and soaking up bulging edible oil stockpiles.
