Archived News

KUALA LUMPUR (Oct 31): Malaysian palm oil futures edged down on Wednesday evening in a second day of falls, tracking weaker related edible oils and on the back of weaker export data from cargo surveyors.

NUSA DUA, Indonesia (Nov 1): Indonesia's palm oil industry association GAPKI expects 2018's total palm oil exports will grow by 7 percent from the previous year, its chairman Joko Supriyono said on Thursday.

KUALA LUMPUR (Oct 31): Exports of Malaysian palm oil products for October fell 12.9% to 1,393,850 tonnes from 1,600,441 tonnes shipped during September, according to independent inspection company AmSpec Agri

SINGAPORE (Nov 1): Palm oil may test support at 2,138 ringgit per tonne, with a good chance of breaking below this level and falling more to the next support zone of 2,099-2,122 ringgit.

NEW DELHI – India may soon slash import duties on palm oils to comply with a trade pact signed with Southeast Asian nations, easing its close guard against imports of cheaper farm goods.

KAJANG, Selangor: Primary Industries Minister Teresa Kok said at current low palm oil pricing, it is cheaper for trucks and busses to use biodiesel or palm methyl ester (PME) than petroleum diesel.

KUALA LUMPUR: The use of B10 biodiesel in the transportation sector can help the government save RM10.7 million in subsidies annually, if it is successfully implemented, said Primary Industries Minister Teresa Kok Suh Sim.

SINGAPORE: Indonesia has enforced mandatory use of diesel containing 20 percent locally produced biofuel amid steps to rein in its fuel bill and cushion the impact on its economy of a currency crisis and higher oil prices, a government official told Reuters.

JAKARTA - Malaysian palm oil futures fell by the midday break on Tuesday, stepping back from a nearly 2 percent rebound a day earlier, as weak demand persisted while lower U.S. soybean prices compounded the market's woes.

SINGAPORE (Oct 31): Palm oil may fall to 2,138 ringgit per tonne, as suggested by its wave pattern and a projection analysis.

Prior to 2002, Pakistan was importing palm oil from Malaysia alone. Over the years, Indonesia’s share of palm oil has crept up to over 80 percent of Pakistan’s palm oil imports, as per Peoc (Pakistan Edible Oil Conference). Though this represents roughly a global picture, with Indonesian palm oil snagging Malaysia’s share in the international market, the truth is a lot more intertwined.

JAKARTA/KUALA LUMPUR (Oct 30): Malaysian palm oil futures fell on Tuesday on weak demand and lower U.S. soybean prices, failing to sustain Monday's 1.8% gain, which had broken a run of four consecutive losses.