Archived News

09/12/2024 (XM.com), Jakarta - Malaysian palm oil futures fell on Monday, tracking a decline in rival vegetable oils on the Dalian and Chicago exchanges, while traders await data from the Malaysian Palm Oil Board (MPOB) for further cues.

09/12/2024 (Business Today) - Pacific Inter-Link Sdn Bhd (PIL) has marked a significant milestone with the departure of its largest palm oil shipment, carrying 70,000 metric tonnes (MT) of palm oil from Port Klang, Malaysia. The record-breaking cargo was transported aboard a 229-metre Long Range tanker, typically designed for crude oil or refined petroleum products, highlighting PIL’s capability in large-scale export operations.

09/12/2024 (Tempo.co), Jakarta - Arief Prasetyo Adi, head of the National Food Agency (Bapanas), denied reports that the price of MinyaKita cooking oil had risen due to an increase in the global price of crude oil (CPO). According to Arief, the raw material for MinyaKita comes from the allocation of CPO for domestic market requirements (DMO) by palm oil producers.

09/12/2024 (New Aged Bangladesh) - The government has raised the prices of both the soya bean and palm oil by Tk 8 a litre as per the demand from the businesses to align price with international market rates.

09/12/2024 (TBS News) - Soybean market traders in Bangladesh have blamed the price hike in the international market and the halt in imports by S Alam for the shortage of soybean oil in the local market.

08/12/2024 (New Straits Times), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with an upside bias next week on the prospects of weaker output going forward.

06/12/2024 (Bernama), Jakarta - The Council of Palm Oil Producing Countries (CPOPC) forecasts palm oil prices could range between RM4,000 and RM5,000 per tonne in 2025, driven by stagnating production in key markets, particularly Indonesia and Malaysia.

08/12/2024 (Business Recorder), Jakarta - Malaysian palm oil futures declined on Friday on easing supply concerns, as weather improved in the world’s second-largest producer Malaysia; however, the contract rose for a second week.

06/12/2024 (Bernama), Kuala Lumpur - Palm oil's versatility, nutrient profile, and sustainable potential make it an essential yet often underappreciated resource, according to two academicians from the United States.

07/12/2024 (The Arunachal Times), Niglok - The palm oil processing plant set up by Patanjali Food Limited at the Industrial Growth Centre (IGC) here in East Siang district has started operation. Patanjali Foods Ltd has been running the processing plant since last month on a trial basis.

07/12/2024 (The Star Online), Kinabatangan - Peaceful coexistence between wildlife and humans is crucial, especially at oil palm plantations in eastern Sabah, where the estates are adjacent to dense forest.

09/12/2024 (Business Times) - The benchmark Malaysian crude palm oil (CPO) futures contract has been on a steady rally since mid-September 2024. Prices have surged, fuelled by expectations of lower production following the peak harvest season and recent concerns over wet weather and flooding affecting output.