PALM OIL NEWS 2022


KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives ended lower for the sixth consecutive day today on subdued demand due to weak market sentiment.

"(The benchmark) CPO plunged below RM4,500 a tonne today, the lowest for this year as bearish sentiment continues to grip the market.


KUALA LUMPUR (June 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended last week’s downtrend to closed lower on Monday (June 20), the lowest since Jan 17, weighed by weak market fundamentals.

Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said the palm oil market was influenced by the weaker soya bean oil performance, dropping substantially in anticipation of improved supply.



JAKARTA (June 14): Indonesia on Tuesday issued new regulations on palm oil export taxes, detailing the recently announced levy rate cut to accelerate shipments that have been slow to rebound after the ending of an export ban.

But the levy rate will be raised in August, according to the finance ministry regulations, sparking concerns from an industry group.