Optimism about Indonesia’s palm oil exports

CGS-CIMB Research is optimistic about Indonesia’s latest measure on the short-term palm oil export levy waiver as it encourages an increase in exports and reduces the country’s high stockpiles. Indonesia recently announced it would waive a palm oil export levy from July 15 to Aug 31 in an attempt to boost shipments and reduce stockpiles. According to Indonesia’s finance…

Malaysia’s palm oil stockpile rose nearly 9.0pct in June, highest since November 2021

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…