Tag: Palm Oil
Malaysia’s palm oil stocks slide 6.56% in Feb
The Malaysian Palm Oil Board revealed a 6.56% decrease in palm oil stocks in February 2023, with crude palm oil stockpiles falling 7.69% to 1.16 million tonnes. Production also declined, with CPO output dropping 9.35% and palm kernel production reducing 7.10% compared to January's figures.
Boustead Plantations expects continued volatility in palm oil prices
Boustead Plantations Bhd expects continued volatility in palm oil prices for the remainder of the year. High production costs from increased minimum wages, fertilizer, and diesel prices will impact profitability. The company remains optimistic about cost management and crop enhancement strategies for 2022.
Malaysia end-August palm oil stocks hit 2 million tonnes for first time in 2...
Malaysia's palm oil inventories surged 14.5% to 2.03 million tonnes in August, the highest in over two years. Production climbed 8% to 1.7 million tonnes, boosted by ample rainfall. Experts predict September production growth will slow as yields take time to recover.
