Archived News
17-02-2025
CPO futures likely to fall on weak exports
Crude palm oil (CPO) futures on Bursa Malaysia Derivatives are expected to trade slightly lower this week due to recent export weakness, says palm oil trader David Ng.
17-02-2025
No supply shortage of edible oil
The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association has reassured consumers and traders that there is no supply shortage of bottled edible oil in the local market
17-02-2025
Govt likely to reduce VAT on edible oil
The government is likely to reduce value-added tax (VAT) on imports, processing and trading of soybean and palm oil to contain the prices of the essential, the commerce ministry said in a statement
17-02-2025
Malaysian palm oil rises on lower production
Malaysian palm oil futures ended higher on Friday and logged a fourth straight weekly gain, as lower stocks supported the market despite demand concerns and uncertainties surrounding Indonesia’s biodiesel mandate.
17-02-2025
Oily confusion between palm oil and prayer oil
In today’s marketplace, some Malaysian consumers may still be confused by two seemingly similar oils: red palm oil (RPO) and prayer oil (‘minyak sembahyang). While they may share a comparable appearance, these products could not be more different in their fundamental nature and purpose. Ever accidentally turn your stir-fry into a spiritual offering?
17-02-2025
Untapped potential in palm oil industry
During the past few weeks or months, prices of coconuts have been rising in the domestic market. This is largely due to supply shortage in the domestic market owing to a number of factors
17-02-2025
'Increase local oilseed cultivation'
The local edible oil industry has called for fostering the cultivation of oilseed crops such as canola, sunflower, mustard, soybean, and others, alongside adopting innovative practices. These measures are aimed at reducing dependency on imports of around 3 million metric tonnes (MMTs) of edible oil, saving valuable foreign exchange, and meeting local per capita consumption of 4.50 MMTs, industry experts said.
17-02-2025
No shortage of cooking oil in Ramadan: Refiners’ association
The Bangladesh Vegetable Oil Refiners and Banaspati Manufacturers Association (BVORBMA) has assured the public that there will be no shortage of cooking oil during Ramadan
17-02-2025
Govt to crack down on fraud in used cooking oil export
Malaysia will crack down on fraud in the used cooking oil industry, its deputy commodities minister told Reuters, as western governments investigate whether shipments of the biofuels feedstock from Asia actually contain virgin oil.
14-02-2025
Palm slides on weaker Dalian oils, crude oil
13/02/2025 (Reuters), Kuala Lumpur - Malaysian palm oil futures slumped on Thursday, snapping a five-session rally, as weaker Dalian oils and declines in crude oil prices sparked by talks to end the Ukraine-Russia war weighed on the market.
14-02-2025
Palm oil prices to stay elevated amid supply squeeze
14/02/2025 (New Straits Times), Kuala Lumpur - The palm oil sector faces a supply squeeze, which is not a bad thing as this is expected to ensure prices of the commodity remain elevated, industry observers said.
14-02-2025
Palm oil production poised for modest growth in 2025
14/02/2025 (Bernama), Kuala Lumpur - The Council of Palm Oil Producing Countries (CPOPC) forecasts an increase in palm oil production this year across Malaysia, Indonesia, Honduras and Papua New Guinea compared to 2024 levels.