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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
Grocery cost may increase up to RM600 per month
01/06/2022 (The Malaysian Reserve) - THE minimum grocery expenditure for the lower to middle-income families will cost between RM400 and RM600 per month on the rising prices.
Madras High Court quashes tender to supply two lakh packets of palmolein for PDS
02/06/2022 (The New Indian Express), Chennai - The Tamil Nadu Civil Supplies Corporation (TNCSC) cannot take advantage of the unfortunate situation of suppliers, the Madras High Court said on Wednesday, quashing the tenders for supply of two lakh packets of palmolein, weighing one litre each, for PDS outlets.
EU biofuels feedstock supply uncertain as reliance on rapeseed oil imports rises
02/06/2022 (Hellenic Shipping News) - The EU’s purchases of rapeseed oil have risen sharply in the 2021-22 marketing year (July-June) from the previous season, a trend which is set to intensify in the near term, although uncertainty around rapeseed supply is expected to weigh on the bloc’s biofuel feedstock option at a time it is looking to boost its renewable energy targets.
Malaysia palm oil prices seen trading above 6,000 rgt in 2022 -state agency
01/06/2022 (Channel News Asia), Kuala Lumpur - State agency the Malaysian Palm Oil Council (MPOC) on Wednesday lowered its production outlook for the world's second largest producer and pegged prices to remain above 6,000 ringgit ($1,367.37) a tonne this year.
CPO futures end higher for second consecutive day
02/06/2022 (The Edge Markets), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended higher for the second consecutive day on Wednesday as sentiment over stronger exports continues to lift the market, said a dealer.
Govt shocks consumers with Rs213 per litre hike in cooking oil prices
01/06/2022 (Dawn), Karachi - The government on Tuesday shocked consumers by pushing up ghee and cooking oil rates by an unprecedented Rs208 and Rs213 to an all-time high of Rs555 per kg and Rs605 per litre, respectively, even though “these rates still do not exist in the retail markets.â€
2pc additional duties on palm oil import to go
31/05/2022 (Business Recorder) - ISLAMABAD: The government has decided to abolish two percent additional custom duties on the import of palm oil for shipments originating from all sources except Indonesia for 10-20 June 2022.
Indonesia to send first batch of workers to Malaysia for palm oil sector
31/05/2022 (The Star Online) - Malaysia, the world's second-largest palm oil producer, will on Tuesday welcome the first major batch of migrant workers from Indonesia since reopening borders to staff labour-starved plantations and support a recovery in production.
India cuts base import price of palm oil; raises soyoil price
01/06/2022 (Reuters), Mumbai - India has slashed the base import prices of crude and refined palm oil, while raising the price of crude soyoil, the government said in a statement late on Tuesday.
