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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
CPO to stay above RM5,000 per tonne amid edible oil shortage
08/03/2022 (Free Malaysia Today), Kuala Lumpur - The price of crude palm oil (CPO) will continue to trade above RM5,000 per tonne for the first half of 2022 amid a shortage of sunflower oil due to the Russia-Ukraine war.
Cooking oils have more room to rally as war deepens supply fears
08/03/2022 (The Edge Markets), Kuala Lumpur - A blistering rally in edible oil prices is likely to continue as investors have not yet fully priced in risks related to Russia’s invasion of Ukraine, according to the world’s biggest palm oil planter by acreage.
Russia-Ukraine crisis: Palm oil likely the solution to shortage of frying fat, says CPOPC
08/03/2022 (The Edge Markets), Kuala Lumpur - As the Russia-Ukraine conflict is seen to significantly curtail the availability of sunflower oil for various applications, food manufacturers will have to look elsewhere to circumvent their losses, and palm oil will likely be their solution as the frying fat of choice.
Palm oil resumes rally as Black Sea trade disruption to persist
08/03/2022 (The Malaysian Reserve), New York - Palm oil resumed gains as traders continue to assess the fallout from Russia’s invasion of Ukraine, which is heading toward the two-week mark.
Indonesia sticks with biodiesel policy even as palm oil soars
07/03/2022 (The Edge Markets) - Indonesia, the world’s biggest palm oil producer and exporter, will push ahead with its ambitious biodiesel programme even as prices of the tropical oil have soared, which could increase the costs of producing biofuel.
Analyst Fry: Uptick in palm oil output this year insufficient to meet demand
07/03/2022 (The Edge Markets), Kuala Lumpur - Palm oil production in each of the world's top producers Indonesia and Malaysia is likely to rise about 3% this year, but it would not be enough to meet global edible oil demand, leading analyst James Fry said on Monday.
Exempt VAT to cool off cooking oil market: FBCCI
07/03/2022 (TBS News) - In the face of the record edible oil rates, the Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) has requested the government to exempt value-added tax (VAT) on cooking oil for next three months.
