Palm oil stock in Malaysia rose 7% month-on-month and 19% year-on-year to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.
Palm oil stock in Malaysia rose 7% month-on-month and 19% year-on-year to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.“We view the rise in palm oil stocks as neutral for CPO price as this has been largely expected by the market,” CGS CIMB Research said in a report yesterday.
On Aug 1, the Indonesian government cut its export tax on CPO to US$33 per tonne for Aug 1-15, 2022 but on Aug 8, it announced a lower export tax threshold for CPO to a reference price of US$680 from US$750 per tonne. Malaysian CPO output in July rose 1.8% m-o-m and 3% y-o-y to 1.57 million tonnes but on a year-to-date basis, output fell 0.4% to 9.84 million tonnes on lower output in Sabah and Sarawak.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Selangor Sultan tells state govt to come up with long-term plan to safeguard people’s food securitySHAH ALAM, Aug 10 — The Sultan of Selangor, Sultan Sharafuddin Idris Shah, wants the state government to prepare a comprehensive long-term plan covering aspects of food supply...
Source: malaymail - 🏆 1. / 86 Read more »
Cops arrest seven at roadblock for human traffickingSHAH ALAM: A local man and six Myanmar nationals were detained in connection with a human trafficking syndicate. Tengok Zahid ada dalam tak ?
Source: staronline - 🏆 4. / 75 Read more »
Manusia rosak hati, akal di alam mayaAgamawan, pemimpin rakyat, aktivis, pendidik, pempengaruh media sosial menasihati netizen agar lebih beradab berinteraksi di dunia maya.
Source: UMonline - 🏆 27. / 51 Read more »
Zahid asked UKSB to make donations to Umno: WitnessMACC IO said the request was made by Zahid when two former UKSB directors came to his residence at Country Height, Kajang. theSun theSundaily court CORRUPTION news Malaysia
Source: theSundaily - 🏆 25. / 51 Read more »
Dapatkan permainan Hot Wheels percuma dengan tukarkan barangan kitar semula di MBSA pada 14 Ogos - paultan.orgAnda ada banyak barangan terpakai seperti botol minuman yang boleh dikitar semula? Daripada simpan tanpa digunakan, lebih baik dikitar semula menerusi program Jelajah Kesedaran Alam Sekitar bersama Majlis Bandaraya Shah Alam pada 14 Ogos 2022, …
Source: paultan - 🏆 22. / 51 Read more »
Ahmad Zahid trial: MACC investigator disagrees with defence charges against ex-DPM politically motivatedSHAH ALAM, Aug 11 ― A Malaysian Anti-Corruption Commission (MACC) investigator today disagreed with the defence team in Datuk Seri Ahmad Zahid Hamidi&039;s foreign visa system...
Source: malaymail - 🏆 1. / 86 Read more »