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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
France's Avril Sees No Shortages for Cooking Oil Brand
07/03/2022 (Successful Farming) - Avril's Lesieur cooking oil brand is sourced entirely in France and therefore the war in Ukraine will not affect availability, the French oilseed group said on Monday.
Centre reduces agri-cess on crude palm oil from 7.5% to 5%
07/03/2022 (Domain-b.com) - Government of India has reduced the agri-cess on crude palm oil (CPO) from 7.5 per cent to 5 per cent, with a view to provide further relief to consumers and to keep in check any further rise in the prices of domestic edible oils due to rise in the prices of edible oils globally. The reduction in cess is effective from 12 February 2022.
India Tells Indonesia To Boost Palm Oil Exports In Order To Compensate Loss Of Supplies From Black Sea Route: Report
06/03/2022 (Swarajya) - The central government has told Indonesia to enhance the shipments of palm oil to India, Reuters reports.
Malaysia end-Feb palm oil stocks seen at 10-month low as exports rise
07/03/2022 (Hellenic Shipping News) - Malaysia’s palm oil stockpile at end-Feb likely plunged to its lowest in 10 months, as production shrank for a fourth consecutive month while exports jumped, a Reuters survey showed on Friday.
Palm Oil Industry Needs A Bit More Attention-Paul Amaning
06/03/2022 (Modern Ghana) - President of the Artisanal Palm Oil Millers and Outgrowers Association of Ghana, Mr.Paul-Kwabena-Amaning,has said the oil palm industry is a tropical perennial crop native to Africa with excellent benefits. Per hectare, it is the most productive oil crop in the world, being 10 times more productive than soybean and other oil bearing seeds. Of the 17 major vegetable oils traded on the international market, palm oil is the most important and accounts for more than half of global import and export trade.
Focus on improving yields, palm oil players advised
07/03/2022 (The Sun Daily), Petaling Jaya - Palm oil players should focus on increasing yields and not hectarage as a way out of the unusual crude palm oil (CPO) supply crunch which has seen CPO futures contract hitting an all time high of RM8,163 per metric ton (pmt), according to Inter-Pacific Securities head of research Victor Wan.
Turkey’s cooking oil stocks sufficient, says agriculture minister
06/03/2022 (Ahval News) - Rumours about depleting stocks on basic food stuffsf are not accurate, and Turkey has sufficient stocks of sunflower oil, Agriculture Minister Vahit Kirişçi said in a statement.
Cooking oil price rise fear spurs panic buying in Bhubaneswar
06/03/2022 (The Times of India) - BHUBANESWAR: People in the capital have started panic buying of edible oil following rumours of its shortage and price rise in India due to the ongoing Russia-Ukraine war.
Government strives to ensure continued supply of cooking oil: Minister
05/03/2022 (Antara News), Palembang - Coordinating Minister for Economic Affairs Airlangga Hartanto emphasized that the government had persistently endeavored to ensure continued supply of cooking oil in the community to address the current dearth.
