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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 may extend gains into 3,824-3,919 ringgit range
05/10/2022 (Business Recorder) - Palm oil may extend its gains into a range of 3,824-3,919 ringgit per tonne, as it has broken a resistance at 3,754 ringgit.
CPO futures end lower
08/06/2020 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower on Wednesday as the lifting of Indonesia’s palm oil export ban continued to put pressure on Malaysia’s CPO demand and prices, a dealer said.
Strong Demand, Global Disruptions Boost Fortunes Of Malaysia’s Palm Oil Tycoons
08/06/2022 (Forbes) - Malaysian palm oil tycoons are reaping windfall profits as global disruptions drive up the price of the commodity. Indonesia’s temporary export ban on cooking oil and its raw materials coincided with a drop in palm oil production in Malaysia amid a pandemic-driven shortage. Meanwhile consumers in China and India are turning to palm oil as an alternative to dwindling supplies of sunflower oil from the world’s biggest producers, Russia and Ukraine, alongside lower soybean production in South America and rapeseed oil in Europe.
How the Rising Price of Palm Oil Could Affect the Cost of Your Beauty Products
08/06/2022 (Allure) - The beauty brands in your shopping cart might soon be more expensive after Indonesia's newly- imposed export ban on palm oil.
Palm oil neutral in 6,423-6,577 ringgit range
08/06/2022 (Business Recorder), Singapore - Palm oil looks neutral in a range of 6,423-6,577 ringgit per tonne, and an escape could suggest a direction. The range is formed by the 38.2% and 50% retracements of the downtrend from 7,229 ringgit.
Onus on Malaysian companies to play by US rules, says Zuraida
08/06/2022 (Free Malaysia Today) - Malaysian companies have been told to take note of a US border agency’s method of operations to avoid potential import bans in the future stemming over forced labour issues.
Out of the frying pan: Indonesians pay price of cooking oil crisis
08/06/2022 (Free Malaysia Today), Jakarta - About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.
Call for Indonesian government to leave cooking oil price to market forces
08/06/2022 (New Straits Times), Jakarta - Efforts by Indonesia to curb rising cooking oil prices at home by messing with the free market have disrupted the market and any positive outcome would not last, experts have argued.
Indonesians pay price of cooking oil crisis
09/06/2022 (The Daily Star) - About three weeks after Russian troops invaded Ukraine, Indonesian housewife Liesye Setiana was forced to close her banana chip business as cooking oil supplies dried up across the country.
