Archived News

21/10/2024 (Oils & Fats International) - The palm oil sector in Malaysia is set to focus on challenges including ageing oil palm trees and stagnant yields while increasing its commitment to global sustainability standards, according to industry leaders quoted in a report by The Malaysian Reserve.

21/10/2024 (Bernama), Kuala Lumpur - Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday due to a stronger export pace and the expectation of weaker output in the coming weeks, said a dealer.

21/10/2024 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures closed up on Monday, rebounding after two sessions of losses, supported by higher export estimates and anticipated seasonal palm production declines.

21/10/2024 (Reuters), WINNIPEG, Manitoba - ICE canola futures closed higher Monday for a fourth straight session on spillover strength from global vegetable oil markets and signs of export demand, traders said.

21/10/2024 (Oils & Fats International) - Declining water levels in the upstream sector of the Paraná River, in Argentina, due to the dry season, have disrupted water transportation and led to increased prices for soyabean oil and biodiesel in Brazil, Palm Oil magazine wrote.

20/10/2024 (The Malaysian Reserve) - THE adjustments in export tax under Budget 2025 will help the palm oil refining industry be more competitive, compared with Indonesia, according to Glenauk Economics.

19/10/2024 (The Edge Malaysia), Kuala Lumpur - The upward adjustment to the windfall profit levy (WPL) threshold for crude palm oil (CPO) announced in Budget 2025 “does not address the financial burdens” posed by the mechanism, the Malaysian Palm Oil Association (MPOA) said.

19/10/2024 (The Star), Kuala Lumpur - A management company overseeing a palm oil co-operative scheme was charged in the Sessions Court last Tuesday (Oct 15) with failing to deposit RM9,647,971.71 into the group's reserve fund trust account last year.

20/10/2024 (New Straits Times), Kuala Lumpur - Malaysia's palm oil industry chalked up a mixed performance in the first eight months of the year, marked by higher prices and output plus a notable yield improvement.

20/10/2024 (Dhaka Tribune) - The government on Sunday approved separate proposals for procuring approximately 5.5 million litres of soybean oil and 150,000 tons of fertilizer to meet the growing demand in the country.

17/10/2024 (Reuters), Kuala Lumpur - Malaysian palm oil futures closed down on Thursday after rising in the previous session, weighed down by mixed trading in rival oils.

17/10/2024 (Borneo Post), Kuching - Palm oil industry players and the Sarawak government are intensifying their commitment to balance industrial progress with ecological responsibility, ensuring the palm oil industry continues to thrive in a sustainable manner, said Sarawak Oil Palm Plantation Owners Association (Soppoa).