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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 lifts ban on palm oil exports but shipments unlikely now | Here's why
Indonesia allowed a resumption of palm oil exports from Monday after a three-week ban, but shipments were not expected to get underway until details emerge on new rules aimed at securing domestic supplies of the edible oil.
CPO futures end higher on May 23 on weaker output expectation
KUALA LUMPUR (May 23): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher on Monday (May 23), on the back of a weaker output expectation.
Palm oil may retest resistance at 6,354 ringgit
SINGAPORE: Palm oil may retest a resistance at 6,354 ringgit per tonne, as the bounce from the May 20 low of 5,925 ringgit looks incomplete.
CPO Export Ban Officially Lifted as Cooking Oil Supply Increases
TEMPO.CO, Jakarta - The government has officially lifted the crude palm oil (CPO) export ban today on Monday, May 23, which was announced by President Joko Widodo in a virtual press conference on May 19 last week.
Indonesia has no plan to reduce palm oil in biodiesel mix: Minister
DAVOS, Switzerland: Indonesia has no plans to reduce the percentage of palm oil in biodiesel below its current level of 30 per cent in order to ensure the country's energy supply, its minister for economic affairs, Airlangga Hartarto, told Reuters on Monday (May 23).
‘M’sia will not lose competitive edge as Indonesia resumes palm oil export’
KUALA LUMPUR: The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective today (May 23), will see a knee-jerk correction in palm oil price but not towards a big downward adjustment as the market is well aware that the ban was temporary.
Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports
KUALA LUMPUR, May 22 (Reuters) - Indonesia's resumption of palm oil exports will not blunt Malaysia's competitiveness in exporting the edible oil, the Malaysian commodities minister said on Sunday, pointing to the rival's loss of sales in India.
Higher palm oil price boost for Sime Darby
PETALING JAYA: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhdhttps://cdn.thestar.com.my/Themes/img/chart.png’s (SDP) net profit in the first quarter ended March 31, 2022 (1Q22), to RM718mil, a 27.76% increase over RM562mil in 1Q21.
"SD Plantation offers defensive quality"
KUALA LUMPUR: Sime Darby Plantation Bhd (SD Plantation) offers defensive qualities such as land rich balance sheet and decent gearing, and is a beneficiary of food inflation as edible oils and fats prices have risen substantially compared to a year ago, Kenanga Research said.
