Archived News

03/09/2023 (New Straits Times), Gopeng - The Domestic Trade and Cost of Living Ministry will introduce a subsidy programme targeting packet cooking oil in stages next year.

03/08/2023 (Free Malaysia Today), Petaling Jaya - Food vendors and petty traders, including those selling “pisang goreng” and “keropok” have been urged to register their businesses so that they will be included in the cooking oil subsidy scheme.

02/09/2023 (Energy Portal EU) - Palm oil, known for its deep red hue and earthy flavor, is a versatile ingredient that is widely used in many African and Asian cuisines. While it has a somewhat strong odor, its taste is quite mild, making it ideal for enhancing the flavors of various dishes.

03/09/2023 (News Ghana) - The government of Tanzania has embarked on a program to strengthen agricultural research institutes to enable them to carry out research on the production of high-quality palm oil and sunflower seeds to enhance the production of edible oil locally, a senior official told parliament on Friday.

An unusually dry August has taken a toll on cereal and oilseed crops in Asia as El Nino intensified, and forecasts for lower rainfall in September are further threatening to disrupt supplies.

JAKARTA: Indonesia has set its crude palm oil (CPO) reference price for the Sept 1-15 period at US$805.20 per tonne, according to a regulation made public yesterday.

The European Union's sunflower seed production remains a point of significant interest. Market players had maintained their production forecast at 10 million metric tonnes provided to Mintec for the EU crop in previous weeks. While this estimate surpasses the previous season's 9 million metric tonnes, there are now notable concerns about the potential need for downward revisions. Mintec has been gathering insights from industry insiders regarding the ongoing sunflower harvest in Bulgaria and Romania. Initial expectations of record-breaking sunflower seed crops in these countries have encountered an unexpected turn. The harvest has revealed yields that are notably lower than those observed in previous years.

Enduring scepticism, palm oil stands strong and refutes hasty rejections. Embedded in Malaysia's culinary traditions for generations, it's now part of a global conversation.

KUALA LUMPUR: As the main entity to promote Malaysian palm oil, the Malaysian Palm Oil Council (MPOC) has played its role in nation-building to spearhead economic growth.

29/08/2023 (The Star Online), Petaling Jaya - Economists are hopeful that the uptick in the prices of goods and services will continue to be manageable this year, in light of moderating inflation.

29/08/2023 (The Edge Malaysia), Kuala Lumpur - TH Plantations Bhd saw its net profit shrink by 45.61% to RM5.31 million for the second quarter ended June 30, 2023 (2QFY2023), from RM9.76 million a year ago, in tandem with lower revenue.

29/08/2023 (Business In Cameroon) - Four new palm oil refiners will enter the Cameroonian market in the coming months, according to sources inside the Oilseeds Refiners Association (ASROC). These newcomers include Société de raffinage du Cameroun (SORAC) and Nouvelle Raffinerie du Cameroun. SORAC, which aims to market 100,000 tons of refined oil yearly, is controlled by businessman Nassourou Alhadji Issa. As for Nouvelle Raffinerie du Cameroun, it is controlled by Fabrice Siaka, the promoter of the SODINAF, the group that took over the assets of French forestry company Rougier in Cameroon and the CAR in 2018.