KUALA LUMPUR: Malaysia’s palm-oil inventory level increased 8.8 per cent month-on-month to 1.66 million tonnes in June , the highest since November 2021 as total crude palm oil (CPO) production outweighed consumption mainly due to weaker exports. Affin Hwang Capital said in the near term, global crop production, global demand for edible oils and further changes to…
KUALA LUMPUR: Crude palm oil (CPO) prices are expected to remain elevated in the second half of this year (H2 2022) on supply concerns and improved demand outlook, according to MIDF Research. The research house said prices would be supported by the higher edible oil prices on supply concerns amid the prolonged Russia-Ukraine war, which…
Indonesia’s trade surplus likely widened to $3.52 billion last month, boosted by the lifting of a three-week palm oil export ban, according to economists polled by Reuters, although some still expect the gap to shrink later in the year. Southeast Asia’s largest economy has been enjoying an export boom on the back of rising commodity…
