Archived News

15/08/2023 (Business Recorder), Kuala Lumpur - Malaysian palm oil futures rose more than 2% on Tuesday ending a three-session decline, helped by a surge in exports, a declining ringgit and strength in rival edible oils.

15/08/2023 (New Straits Times), Kuala Terengganu - The short supply of subsidised polybag cooking oil has become critical as traders and consumers claim that it is difficult to get in the surrounding areas here.

15/08/2023 (Energy Portal EU) - The Global Centre for Maritime Decarbonisation (GCMD) revealed that carbon emissions decreased by 83% when using a vegetable oil biofuel blend compared to marine gasoil during a trial for a dual-fuel liquefied petroleum gas (LPG) carrier. This trial is part of the GCMD’s $18 million project to test various biofuel blends in order to reduce carbon emissions.

15/08/2023 (India Narrative) - Scientists and institutions all over the world are exploring methods of converting waste into wealth. Among these are Indian ones too and an example of this endeavour came to the fore as faculty and students of College of Engineering, Thiruvananthapuram along with Kerala State Electricity Board Limited developed biodiesel from non-edible cooking oil.

15/08/2023 (Xinhua), Jakarta - Indonesia posted a trade surplus of 1.31 billion U.S. dollars in July, down from June's 3.45 billion dollars, the Statistics Indonesia BPS said on Tuesday.

KUALA LUMPUR: Advokasi Perusahaan dan Industri (API), an advocacy group dedicated to promoting business and industry growth, urges consumers, supermarkets and retailers to be informed of the new regulation under the Trade Description Act 2011 (Act 730), which prohibits the use of discriminatory labels against palm oil.

MUMBAI, Aug 14 (Reuters) - India's palm oil imports in July jumped 59% from the previous month to 1.08 million metric tons, the highest in seven months, as refiners took advantage of lower prices to increase purchases, a trade body said on Monday.

Jakarta (ANTARA) - The Council of Palm Oil Producing Countries (CPOPC) has urged the youth from member countries to become actively involved in building a sustainable palm oil industry.

ECONOMIC development would be hampered without talent. All countries, developed or developing, give priority to talent development.

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade on a slightly upward bias on the back of a strong export performance.

KUALA LUMPUR: Malaysia's end-July palm oil inventories rose to a five-month peak on higher production, data from the country's palm oil board showed on Thursday, but missed expectations as exports grew at a faster pace.

MUMBAI, Aug 10 (Reuters) - Demand for palm oil has been increasing as its discount to soyoil and sunoil has grown, driven by the recent price rise in rival oils due to production concerns in the U.S. and supply disruptions from the Black Sea region, industry officials said.