PALM OIL NEWS 2022



AGRA, India (Sept 21): India's palm oil imports in 2022/23 could jump 9% from a year earlier on a rise in domestic consumption and as competitive prices allow the tropical oil to regain its share in the world's biggest market, a Reuters survey showed on Wednesday.

The higher buying could help top producer Indonesia in bringing down ballooning inventories and support benchmark Malaysian palm oil prices, which have nearly halved from record highs earlier this year.

SUMBER: STARBIZ, MS 7
20 SEPTEMBER 2022



MUMBAI, Sept 19 — Farmers across Asia are busy planting trees to boost palm oil production but nurseries are struggling to keep up with demand for sprouts and seedlings, risking a delay in the industry’s recovery from the Covid-19 pandemic.

The seedlings shortfall could slow plantation, capping production growth and keeping palm oil prices FCPOc3 elevated, industry officials said, as the world already grapples with lofty inflation. Asia produces more than 90 per cent of the world’s cheapest edible oil used in cooking, baking and cosmetics.