Daily Archives: August 4, 2022

CPO output seen to grow by 2.8% in July compared to June

Malaysia’s crude palm oil (CPO) output is expected to grow by 2.8 per cent month-on-month (m-o-m) and 4.3 per cent year-on-year (y-o-y) to 1.59 million tonnes in July 2022, said CGS-CIMB Securities Sdn Bhd. “The m-o-m increase in CPO output was driven by seasonal factors,” it said in a research note today. As such, Malaysia’s palm oil…

Malaysia says ready to help India meet palm oil demand

Malaysia said on Thursday it was ready to help India meet its palm oil demand in view of potentially erratic supply from top supplier Indonesia. India is expected to see a surge in demand to around 800,000 tonnes per month for the next six months, Malaysia’s Plantation Industries and Commodities Minister Zuraida Kamaruddin said in a statement,…