Archived News

05/12/2024 (Bernama), Jakarta – Malaysia’s Ambassador to Indonesia,Datuk Syed Md Hasrin Tengku Hussin, has urged Malaysian government-linked companies and major businesses in Indonesia to use their collective expertise to create a brighter future for the palm oil industry as an economic driver and a model for sustainable development.

05/12/2024 (Borneo Post), Kinabatangan - Malaysia, as one of the world’s leading palm oil producers, often faces international scrutiny and boycotts, with allegations of unsustainable practices and environmental degradation.

05/12/2024 (Bernama), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher due to concerns over weaker production caused by recent floods in Malaysia.

05/12/2024 (Chem Analyst News) - Malaysian palm oil futures are likely to continue to experience a significant and continuous rise in the upcoming months of movement and forecast a similar trajectory in the near future as well, driven by strategic market dynamics and anticipated changes in Indonesian export policies.

05/12/2024 (Antara News), Jakarta - Energy transition has become one of the main concerns of countries around the world, including Indonesia.

06/12/2024 (Daily News, Sri Lanka) - Sri Lanka is the only country in the world to ban Oil Palm and steps should be taken to correct this as it could usher huge economic benefits to the country, said President, Rohan M Fernando, Palm Oil Industry Association (POIA) at their 5th Annual General Meeting yesterday.

05/12/2024 (Mizzima News) - The reference price of edible palm oil set by the junta is continuously rising while the price is also rising in the open market.

04/12/2024 (Bernama), Kuala Lumpur – The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives reversed yesterday’s gains to end lower today in anticipation of sluggish export demand.

04/12/2024 (New Straits Times), Kuala Lumpur - Plantation companies recorded a mixed performance in the third quarter (Q3) earnings season, weighed down by lower crude palm oil (CPO) production, research firms said.

04/12/2024 (OFI Magazine) - The first palm oil mill in Malaysia to use artificial intelligence (AI) was launched by Malaysia’s Plantation and Commodities Minister Johari Abdul Ghani on 19 November, The Star reported.

04/12/2024 (Chemical Analyst News) - Malaysian palm oil futures posted modest gains on Tuesday, driven by escalating supply concerns linked to severe flooding in peninsular Malaysia and a significant increase in Indonesia’s export tax and levy. However, an anticipated dip in November exports tempered the upward momentum.

04/12/2024 (Food and Drink Technology) - Krohne’s specialised measurement solutions for the food and beverage industry enable edible oil producers to improve hygienic procedures.