Palm Oil News

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Palm recovers after five days on stronger soyoil, export data optimism

JAKARTA (Sept 29): Malaysian palm oil futures rose on Thursday (Sept 29), after plunging to a near 20-month low in the previous session, as gains in rival oils and expectations for solid export data boosted sentiment. The benchmark palm oil contract for December delivery on the Bursa Malaysia Deriva...

CPO futures continue to trend lower as headwinds loom

KUALA LUMPUR, Sept 27 — Crude palm oil futures contracts on Bursa Malaysia Derivatives continued its downtrend to close lower today as headwinds remain following a pessimistic global economic outlook of rising inflation, soaring interest rates and the strengthening US dollar. Singapore-based Palm Oi...

Include smallholders in the palm oil value chain — Solidaridad Network

KUALA LUMPUR: In the face of new opportunities and external sustainability agenda, more attention has to be paid as to how companies can better support the three million smallholders worldwide who produce roughly 30 per cent of global palm oil, said international civil society organisation Solidarid...

Palm slumps nearly 7% on weaker rival oils

JAKARTA (Sept 26): Malaysian palm oil futures fell nearly 7% on Monday (Sept 26), tracking weakness in rival edible oils amid recession fears, and after a leading analyst warned prices would plunge by more than 30% by the end of this year due to ample supply and weaker demand. The benchmark palm oil...

Indonesia’s 2022 palm oil exports to fall, stocks to rise due to lower shipments, says trade official

AGRA, India, Sept 24 (Reuters): Indonesia’s palm oil exports are set to jump in the second half of the year after the scrapping of export levies, but the 2022 total will still be lower than last year’s 33.7 million tonnes due to earlier restrictions, an industry official told Reuters. Lo...

Expanding palm oil stockpile to dampen CPO prices

THE Malaysian palm oil inventory, which is likely to have surpassed two million tonnes for the first time in two years, is expected to add further downward pressure on crude palm oil (CPO) prices that have fallen from their peak in April this year. As production picks up in the second half and stiff...

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