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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
Tough times ahead for Indian edible oil consumers as Indonesia bans export of edible oils
India sources about half of its 8.3 million tonnes of palm oil imports from Indonesia There appears to be no respite for the Indian consumers on the edible oil front. Consumers should brace themselves for difficult times ahead, as Indonesia, India’s main source of palm oil imports, banned exports of all edible oil raw materials on Friday to ease domestic shortage.
Soyoil surges on Indonesia export ban; soybeans and corn futures sag
CHICAGO, April 24 (Reuters): United States soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend.
Malaysia to meet CPB and EU by July to clarify forced labour assumptions
KUALA LUMPUR: Malaysia is seeking meetings with the United States Customs and Border Protection(CBP) and the European Union (EU) by July to set the record straight on forced labour allegations.
Palm oil price remains at forefront of edible oil news
21/04/2022 (The Sun Daily) - Crude palm oil (CPO) production is expected to improve by 4.9% to 19 million tonnes this year,from 18.12 million tonnes in 2021.
Malaysia to explore further opportunities for palm oil, rubber
21/04/2022 (Malay Mail Online) - Malaysia is intensifying its efforts to boost demand for palm oil and rubber, and is ready to meet the encouraging demand for the commodities.
Indonesia launches corruption case over palm oil exports
20/04/2022 (The Edge Markets), Jakarta - Indonesian authorities have opened a corruption case linked to the issuance of palm oil export permits, naming four suspects including a trade ministry official and palm oil company executives, the attorney general said on Tuesday (April 19).
Skyrocketing palm oil prices in Indonesia leave a bad taste globally
21/04/2022 (DNA India) - After Sri Lanka, now Indonesia is reeling under severe inflation. So much so that one litre of palm oil in this Southeast Asian country now costs a staggering 22,000 Indonesian rupiah! The effect of this turmoil is being felt even in India.
Animal feed, cooking oil tax differential suspected of encouraging palm oil smuggling
21/04/2022 (Business World Online) - THE ZERO-TARIFF status of palm oil used in animal feed is believed to be a factor in encouraging smuggling by importers, who instead use the commodity for making cooking oil, the Department of Agriculture (DA) said.
Also on DA’s plate: Stopping palm oil smuggling
22/04/2022 (Inquirer Net), Manila - The Department of Agriculture (DA) is investigating the purported illegal entry of palm oil into the country, including its officials and staff who are allegedly in cahoots with smugglers of agricultural produce.
