ARKIB BERITA

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SUMBER: NEW STRAITS TIMES, MS 15
18 FEBRUARI 2022

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SUMBER: STARBIZ, MS 2

25  JANUARI 2022

 

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The Ministry of Plantation Industries and Commodities (MPIC) said that Indonesia’s move to lift the ban on palm oil exports, effective May 23, 2022, will see a knee-jerk correction in palm oil price but not a big downward adjustment as the market is well aware that the ban was temporary.

Minister Datuk Zuraida Kamaruddin, in a statement today, urged all Malaysian oil palm growers — both plantation firms and smallholders alike — not to be unduly concerned with the recent development.

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MUMBAI (March 1): Palm oil has become the costliest among the four major edible oils for the first time as buyers rush to secure replacements for sunflower oil shipments from the top exporting Black Sea region that were disrupted by Russia's invasion of Ukraine.

Palm oil's record premium over rival oils could squeeze price-sensitive Asian and African consumers already reeling from spiralling fuel and food costs, and force them to curtail consumption and shift to rival soyoil, dealers said.

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KUALA LUMPUR (Oct 19): Palm oil advanced to the highest intraday level in seven weeks on worries that storms and floods in major growers could disrupt supply, while investors are also on alert for a potential import tax hike in top buyer India.

Indonesia has issued flood warnings for provinces in Kalimantan and Sumatra, adding that medium to heavy rain may persist through Monday over most of the country. Rains in central Kalimantan have led to widespread floods, cutting off several key access roads, local news agency Kompas reported.