Latest News

MARKET DEVELOPMENT
08-06-2023

Fadillah: Institute produces 2,500 oil palm sector trainees up till 2022

07/06/2023 (The Borneo Post), Kuching - The Malaysian Institute of Plantation and Commodities (Impac) has produced a total of 2,500 programme trainees for the oil palm sector up to 2022, said Deputy Prime Minister Dato Sri Fadillah Yusof.

MARKET DEVELOPMENT
08-06-2023

VEGOILS-Palm oil rebounds on soyoil strength, rising supply caps gains

07/06/2023 (Nasdaq), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.

OILS & FATS
08-06-2023

Nigeria’s palm oil imports from Malaysia surges 353% in 4months as demand rises

07/06/2023 (Business Day) - Nigeria’s Palm Oil imports from Malaysia – a top global producer have surged by 353 percent in the first four months of 2023 despite local players ramping up production, data from the Malaysian Palm Oil Council shows.

MARKET DEVELOPMENT
08-06-2023

Palm oil and the EU’s anti-deforestation law: Why the backlash?

07/06/2023 (Euractiv) - The EU’s new deforestation law was hailed as watershed in the fight to protect the world’s forests. So why is it provoking such a fierce backlash in Indonesia and Malaysia? In the wake of a high-level meeting in Brussels last week, Giorgio Budi Indrarto charts what went wrong, and how to rectify it.

MARKET DEVELOPMENT
08-06-2023

Palm oil little changed as forecast of strong supply weighs

07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures were virtually unchanged on Wednesday, weighed by forecasts of growing May inventories and production.

MARKET DEVELOPMENT
08-06-2023

Palm oil rebounds on soyoil strength, rising supply caps gains

07/06/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures jumped on Wednesday, recouping losses from the previous session as it track a surge in rival soyoil prices overnight, but forecasts of growing supply limited gains.

MARKET DEVELOPMENT
07-06-2023

India's palm oil imports hit 27-month low, buyers pick cheaper soft oils - dealers

06/06/2023 (Reuters), Mumbai - India's palm oil imports sank to a 27-month low in May as buyers cancelled expensive cargoes of the edible oil and replaced them with cheaper soyoil and sunflower oil, six dealers told Reuters on Tuesday.

MARKET DEVELOPMENT
07-06-2023

Sarawak shares comprehensive energy transition, climate crisis plans at London palm oil forum

06/06/2023 (Malay Mail), Kuching - Sarawak shared its comprehensive plans to tackle energy transition and the climate crisis during the International Sustainable Palm Oil Forum (ISPOF) at the Caledonian Club in London recently.

MARKET DEVELOPMENT
07-06-2023

Malaysia's end-May palm oil stocks seen rising as output hits 5-month high

06/06/2023 (Channel News Asia), Kuala Lumpur - Malaysia's palm oil inventories at the end of May are expected to rise as production swells to its highest so far this year while exports remain flat, a Reuters survey showed on Tuesday.

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