PALM OIL NEWS 2022



KUALA LUMPUR (Nov 10): Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed.

Inventories in the world's second-largest producer rose 3.74% from the previous month to 2.4 million tonnes, the highest since September 2019, according to the Malaysian Palm Oil Board (MPOB).

KUALA LUMPUR (Nov 9): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives fell for the second consecutive day ahead of the release of Malaysian Palm Oil Board (MPOB) and the United States Department of Agriculture (USDA) monthly supply-demand releases.

Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said MPOB would release its October data on Thursday while the USDA would announce its report later on Wednesday.



KUALA LUMPUR (Nov 8): Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives retreated to end easier following concerns about China demand.

A trader said Covid-19 restrictions in the world’s largest vegetable oil consumer continued to spark worries among traders.



KUALA LUMPUR (Nov 5): Malaysia's palm oil inventories at end-October likely swelled to their highest in three and a half years as production improved while imports slumped, a Reuters survey showed on Friday (Nov 4).

Stockpiles were pegged to rise 9.3% from September to 2.53 million tonnes, its largest since April 2019, according to the median estimate of eight traders and analysts polled by Reuters.