AGRICOMMODITY NEWS 2022

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KUALA LUMPUR (April 6): Malaysia's palm oil inventory likely grew by 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March 2022 due to higher output, according to CGS-CIMB.

"The likely m-o-m rise in stock level is divergent compared to historical trends in Malaysia's March palm oil stock movements (average: -1% m-o-m over the past 10 years).

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MALAYSIA’S palm oil and palm-oil based products exports grew by 55.2% during the period between January and June in 2022 (6M22) to RM67.48 billion from RM43.47 billion in 6M21.

According to Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin, palm oil has contributed to 66.1% of the total export earnings which amounted to RM44.63 billion this year compared to RM28.8 billion in the same period last year.

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JAKARTA: Malaysian palm oil futures rose on Friday, supported by stronger rival vegetable oils and crude oil, but the contract was set to post a weekly decline amid soft export data for the Dec. 1-15 period.

Palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange gained 102 ringgit, or 2.62%, to 3,996 ringgit ($903.87) per tonne in early trade

Dalian’s most active soyoil contract dropped 1.07%, while its palm oil contract rose 0.58%. Soyoil prices on the Chicago Board of Trade were up 0.27%. Palm oil is affected by price movements in related oils, as they compete for a share in the global vegetable oils market. Exports of Malaysian palm oil products for Dec. 1-15 fell between 4% and 9.1% from a month earlier, cargo surveyors reported.

Indonesia is set to raise mandatory palm based biodiesel blending to 35% starting Jan. 1, 2023, as it will allocate 13.15 million kilolitres of palm-based biodiesel for the blending programme next year.

https://www.brecorder.com/news/40215175

Sumber: Markets

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Sumber: New Straits Times, Ms 19
7 Mei 2022

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SUMBER: STARBIZ, MS 2
7 OKTOBER 2022