Archived News
25-08-2023
RSPO helps smallholders market sustainable Palm Oil to the global market
25/08/2023 (New Straits Times), Kuala Lumpur - Malaysia's oil palm smallholders have the opportunity to generate higher incomes by increasing exports of their products through the Malaysian Sustainable Palm Oil (MSPO) and Roundtable on Sustainable Palm Oil (RSPO) certification programmes.
25-08-2023
Anti-Deforestation Law Is EU's Measure to Regulate Palm Oil Price, Expert Says
25/08/2023 (Tempo.Co), Jakarta - Researcher from the Institute for Economic and Social Research of Universitas Indonesia Eugenia Mardanugraha said that the EU's Anti Deforestation Law (EUDR) is Europe's line of action to control the prices of palm oil.
25-08-2023
VEGOILS-Palm ends over 1% up on Dalian edible oils uptick, bargain-buying
24/08/2023 (Nasdaq), Singapore - Malaysian palm oil futures finished more than 1% higher on Thursday, snapping a two-day downturn, as traders sought bargains amid higher prices of bean and palm oil on the Dalian exchange.
25-08-2023
The country imports an average of $4 million worth of sunflower oil every year.
24/08/2023 (Graphic.com, Ghana) - As a result, a sunflower project to bolster farmers’ capacity to go into large-scale cultivation of the crop has been launched in Accra.
24-08-2023
CPO futures close lower, influenced by CBOT soybean futures
23/08/2023 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) closed lower for the second day this week, influenced by a drop in the Chicago Board of Trade (CBOT) soybean oil futures during the prior night and early Asian trading hours.
24-08-2023
Far East’s 2Q net profit drops 92% on lower average CPO, palm kernel prices
24/08/2023 (The Edge Malaysia), Kuala Lumpur - Far East Holdings Bhd’s net profit shrank 91.56% to RM5.92 million in the second quarter ended June 30, 2023 (2QFY2023) from RM70.18 million a year earlier, amid lower average crude palm oil (CPO) and palm kernel (PK) prices as well as lower fresh fruit bunch production.
24-08-2023
El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
23/08/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices may rise to, or even surpass RM4,000 per tonne in the second half of 2023 (2H2023) due to the El Nino phenomenon, compared to the current level of RM3,000 per tonne, according to Sime Darby Plantation Bhd managing director Datuk Mohamad Helmy Othman Basha.
24-08-2023
Palm sinks to 1-week low on weaker rival oils, rising supply
23/08/2023 (Business Recorder), Singapore - Malaysian palm oil futures fell to a one-week trough on Wednesday, dragged down by softer rival oils and increased output from South Peninsular palm oil mills.
24-08-2023
SEA concerned over increasing dependence on edible oil import, deficient rainfall
23/08/2023 (The Hindu Business Line) - The Solvent Extractors’ Association of India (SEA) has expressed concerns over the deficient rainfall in the country and the increasing dependence on import of edible oils.
23-08-2023
Malaysia keeps September crude palm oil export duty at 8%
22/08/2023 (The Star Online), Kuala Lumpur - Malaysia maintained its export tax for crude palm oil at 8% for September and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
23-08-2023
India vegetable oil industry group to explore palm oil trade with Thailand
22/08/2023 (The Edge Malaysia), New Delhi - A group of Indian vegetable oil importers and refiners will explore new business opportunities in Thailand's palm oil sector.
23-08-2023
SEA delegation to explore collaboration potential with Thai palm oil industry
22/08/2023 (The Hindu Business Line) - A delegation of the Solvent Extractors’ Association (SEA) of India will be visiting Thailand to explore the potential for collaboration with the palm oil industry in Thailand.